| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $384M | $374M | $352M | 2.8% | 9.1% |
| Op. Income | $32M | -$429M | $23M | 107.5% | 41.8% |
| Gross Margin | 21.8% | 16.9% | 20.4% | 4.9pp | 1.4pp |
| Net Margin | -13.2% | -123.8% | -19.7% | 110.7pp | 6.5pp |
| EPS (Diluted) | $-0.29 | $-2.53 | $-0.39 | 88.7% | 26.6% |
| Free Cash Flow | -$251M | -$54M | -$317M | -366.6% | 20.8% |
| Item | Amount |
|---|---|
| REVENUE | $384M |
| Cost of Revenue | $300M |
| GROSS PROFIT | $84M |
| R&D Expenses | $1M |
| Selling & Marketing | $5M |
| General & Administrative | $45M |
| SG&A Expenses | $50M |
| Other Expenses | $0 |
| Operating Expenses | $52M |
| Cost & Expenses | $352M |
| OPERATING INCOME | $32M |
| Interest Income | $0 |
| Interest Expense | $74M |
| Other Income/Expenses | -$73M |
| INCOME BEFORE TAX | -$41M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | -$50M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$51M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$52M |
| D&A | $125M |
| EBIT | $32M |
| EBITDA | $157M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$50M |
| Depreciation & Amortization | $125M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$112M |
| OPERATING CASH FLOW | -$18M |
| Capital Expenditure | -$233M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$233M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $237M |
| NET CASH FROM FINANCING | $237M |
| FREE CASH FLOW | -$251M |
| Net Change in Cash | -$16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $0 |
| Net Receivables | $470M |
| Inventory | $0 |
| Other Current Assets | $38M |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $7.8B |
| Goodwill | $0 |
| Intangible Assets | $1.1B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $387M |
| TOTAL NON-CURRENT ASSETS | $9.3B |
| TOTAL ASSETS | $11.1B |
| Account Payables | $491M |
| Short-Term Debt | $629M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $5.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $234M |
| TOTAL NON-CURRENT LIABILITIES | $6.6B |
| TOTAL LIABILITIES | $8.2B |
| Common Stock | $77.0K |
| Additional Paid-In Capital | $4.3B |
| Retained Earnings | -$1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$150M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.9B |
| Minority Interest | $24M |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $11.1B |
| Total Debt | $7.3B |
| Net Debt | $6.1B |
