| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $266M | $367M | $277M | -27.6% | -4.2% |
| Op. Income | -$134M | $106M | -$217M | -226.5% | 38.2% |
| Gross Margin | 31.5% | 62.0% | 41.4% | -30.5pp | -9.9pp |
| Net Margin | -84.8% | 8.3% | -97.6% | -93.2pp | 12.8pp |
| EPS (Diluted) | $-9.42 | $1.26 | $-11.40 | -847.6% | 17.4% |
| Free Cash Flow | $15M | $40M | $2M | -62.8% | 704.4% |
| Item | Amount |
|---|---|
| REVENUE | $266M |
| Cost of Revenue | $182M |
| GROSS PROFIT | $84M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $52M |
| SG&A Expenses | $52M |
| Other Expenses | $166M |
| Operating Expenses | $218M |
| Cost & Expenses | $400M |
| OPERATING INCOME | -$134M |
| Interest Income | $11M |
| Interest Expense | $80M |
| Other Income/Expenses | -$76M |
| INCOME BEFORE TAX | -$210M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | -$225M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$225M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$225M |
| D&A | $9M |
| EBIT | -$145M |
| EBITDA | -$136M |
| EPS | -$9 |
| EPS Diluted | -$9 |
| Item | Amount |
|---|---|
| Net Income | -$225M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$24M |
| Other Non-Cash Items | $229M |
| Change in Working Capital | $32M |
| OPERATING CASH FLOW | $24M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$492M |
| Sales/Maturities of Investments | $218M |
| Other Investing Activities | $18M |
| NET CASH FROM INVESTING | -$265M |
| Net Debt Issuance | $237M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$50M |
| NET CASH FROM FINANCING | $187M |
| FREE CASH FLOW | $15M |
| Net Change in Cash | -$47M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $200M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $246M |
| PP&E (Net) | $139M |
| Goodwill | $508M |
| Intangible Assets | $0 |
| Long-Term Investments | $3.8B |
| Tax Assets | $8M |
| Other Non-Current Assets | $113M |
| TOTAL NON-CURRENT ASSETS | $4.5B |
| TOTAL ASSETS | $4.8B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $234M |
| TOTAL CURRENT LIABILITIES | $234M |
| Long-Term Debt | $3.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $116M |
| TOTAL NON-CURRENT LIABILITIES | $3.8B |
| TOTAL LIABILITIES | $4.0B |
| Common Stock | $237.0K |
| Additional Paid-In Capital | $19M |
| Retained Earnings | $910M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$162M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $767M |
| Minority Interest | $0 |
| TOTAL EQUITY | $767M |
| TOTAL LIABILITIES & EQUITY | $4.8B |
| Total Debt | $3.7B |
| Net Debt | $3.5B |
