| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $374M | $368M | $351M | 1.5% | 6.3% |
| Op. Income | -$429M | $12M | $20M | -3741.7% | -2255.8% |
| Gross Margin | 16.9% | 17.8% | 20.3% | -0.9pp | -3.4pp |
| Net Margin | -123.8% | -16.7% | -7.4% | -107.1pp | -116.4pp |
| EPS (Diluted) | $-2.53 | $-0.35 | $-0.15 | -630.0% | -1532.1% |
| Free Cash Flow | -$54M | -$141M | -$179M | 61.9% | 70.0% |
| Item | Amount |
|---|---|
| REVENUE | $374M |
| Cost of Revenue | $310M |
| GROSS PROFIT | $63M |
| R&D Expenses | $2M |
| Selling & Marketing | $5M |
| General & Administrative | $45M |
| SG&A Expenses | $50M |
| Other Expenses | -$8M |
| Operating Expenses | $40M |
| Cost & Expenses | $350M |
| OPERATING INCOME | -$429M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$66M |
| INCOME BEFORE TAX | -$495M |
| Income Tax Expense | -$33M |
| Net Income from Continuing Ops | -$462M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$463M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$465M |
| D&A | $150M |
| EBIT | -$410M |
| EBITDA | -$261M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$462M |
| Depreciation & Amortization | $150M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $660.7K |
| Change in Working Capital | $42M |
| OPERATING CASH FLOW | $139M |
| Capital Expenditure | -$193M |
| Acquisitions (Net) | $21M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$169M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$8M |
| Other Financing Activities | $55M |
| NET CASH FROM FINANCING | $55M |
| FREE CASH FLOW | -$54M |
| Net Change in Cash | $26M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $0 |
| Net Receivables | $364M |
| Inventory | $0 |
| Other Current Assets | $166M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $7.7B |
| Goodwill | $1.0B |
| Intangible Assets | $104M |
| Long-Term Investments | $205M |
| Tax Assets | $42M |
| Other Non-Current Assets | $153M |
| TOTAL NON-CURRENT ASSETS | $9.3B |
| TOTAL ASSETS | $10.9B |
| Account Payables | $402M |
| Short-Term Debt | $377M |
| Deferred Revenue | $18M |
| Other Current Liabilities | $150M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $4.6B |
| Deferred Revenue NC | $21M |
| Deferred Tax Liabilities | $187M |
| Other Non-Current Liabilities | $559M |
| TOTAL NON-CURRENT LIABILITIES | $6.7B |
| TOTAL LIABILITIES | $7.9B |
| Common Stock | $75.4K |
| Additional Paid-In Capital | $4.3B |
| Retained Earnings | -$1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$142M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.9B |
| Minority Interest | $24M |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $10.9B |
| Total Debt | $6.4B |
| Net Debt | $5.4B |
