| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $399M | $418M | $486M | -4.5% | -17.9% |
| Op. Income | -$24M | -$85M | -$27M | 71.5% | 10.8% |
| Gross Margin | 37.1% | 33.6% | 31.0% | 3.4pp | 6.0pp |
| Net Margin | -5.7% | -17.0% | -4.6% | 11.3pp | -1.1pp |
| EPS (Diluted) | $-0.35 | $-1.10 | $-0.34 | 68.2% | -2.9% |
| Free Cash Flow | $29M | -$128M | -$52M | 122.6% | 155.8% |
| Item | Amount |
|---|---|
| REVENUE | $399M |
| Cost of Revenue | $251M |
| GROSS PROFIT | $148M |
| R&D Expenses | $16M |
| Selling & Marketing | $111M |
| General & Administrative | $32M |
| SG&A Expenses | $142M |
| Other Expenses | $13M |
| Operating Expenses | $172M |
| Cost & Expenses | $423M |
| OPERATING INCOME | -$24M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$601.0K |
| INCOME BEFORE TAX | -$25M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$23M |
| D&A | $13M |
| EBIT | -$22M |
| EBITDA | -$9M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$23M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $22M |
| Change in Working Capital | $26M |
| OPERATING CASH FLOW | $42M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$32.0K |
| NET CASH FROM INVESTING | -$14M |
| Net Debt Issuance | $50M |
| Common Stock Repurchased | -$42.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $47M |
| FREE CASH FLOW | $29M |
| Net Change in Cash | $75M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $127M |
| Short-Term Investments | $0 |
| Net Receivables | $20M |
| Inventory | $191M |
| Other Current Assets | $32M |
| TOTAL CURRENT ASSETS | $373M |
| PP&E (Net) | $359M |
| Goodwill | $153M |
| Intangible Assets | $140M |
| Long-Term Investments | $3M |
| Tax Assets | $57M |
| Other Non-Current Assets | $23M |
| TOTAL NON-CURRENT ASSETS | $735M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $53M |
| Short-Term Debt | $26M |
| Deferred Revenue | $31M |
| Other Current Liabilities | $77M |
| TOTAL CURRENT LIABILITIES | $220M |
| Long-Term Debt | $186M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $88M |
| Other Non-Current Liabilities | $24M |
| TOTAL NON-CURRENT LIABILITIES | $416M |
| TOTAL LIABILITIES | $636M |
| Common Stock | $906.0K |
| Additional Paid-In Capital | $388M |
| Retained Earnings | $271M |
| Treasury Stock | -$188M |
| Accum. Other Comp. Income | -$170.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $472M |
| Minority Interest | $0 |
| TOTAL EQUITY | $472M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $329M |
| Net Debt | $203M |
