| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $597M | — | — | — | — |
| Op. Income | -$45M | — | — | — | — |
| Gross Margin | 1.4% | — | — | — | — |
| Net Margin | -8.6% | — | — | — | — |
| EPS (Diluted) | $-0.81 | — | — | — | — |
| Free Cash Flow | -$72M | — | — | — | — |
| Item | Amount |
|---|---|
| REVENUE | $597M |
| Cost of Revenue | $589M |
| GROSS PROFIT | $8M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $32M |
| Other Expenses | $21M |
| Operating Expenses | $53M |
| Cost & Expenses | $642M |
| OPERATING INCOME | -$45M |
| Interest Income | $3M |
| Interest Expense | $8M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$51M |
| Income Tax Expense | $329.0K |
| Net Income from Continuing Ops | -$51M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$51M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$51M |
| D&A | $21M |
| EBIT | -$42M |
| EBITDA | -$20M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$51M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $233.0K |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$31M |
| OPERATING CASH FLOW | -$51M |
| Capital Expenditure | -$22M |
| Acquisitions (Net) | -$8M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$30M |
| Net Debt Issuance | $22M |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$38M |
| NET CASH FROM FINANCING | -$21M |
| FREE CASH FLOW | -$72M |
| Net Change in Cash | -$101M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $237M |
| Short-Term Investments | $0 |
| Net Receivables | $88M |
| Inventory | $191M |
| Other Current Assets | $72M |
| TOTAL CURRENT ASSETS | $588M |
| PP&E (Net) | $1.1B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $49M |
| Tax Assets | $0 |
| Other Non-Current Assets | $65M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $1.8B |
| Account Payables | $124M |
| Short-Term Debt | $122M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $17M |
| TOTAL CURRENT LIABILITIES | $336M |
| Long-Term Debt | $490M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $18M |
| TOTAL NON-CURRENT LIABILITIES | $563M |
| TOTAL LIABILITIES | $899M |
| Common Stock | $67.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$287M |
| Treasury Stock | -$31M |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $887M |
| Minority Interest | $13M |
| TOTAL EQUITY | $900M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $690M |
| Net Debt | $453M |
