| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $448M | $455M | $457M | -1.6% | -2.0% |
| Op. Income | $12M | -$141M | $12M | 108.6% | 1.2% |
| Gross Margin | 22.5% | 21.4% | 19.5% | 1.1pp | 3.0pp |
| Net Margin | -4.2% | -25.4% | 0.7% | 21.2pp | -4.8pp |
| EPS (Diluted) | $-0.21 | $-1.29 | $0.03 | 83.7% | -800.0% |
| Free Cash Flow | $34M | $22M | -$25M | 57.8% | 236.4% |
| Item | Amount |
|---|---|
| REVENUE | $448M |
| Cost of Revenue | $347M |
| GROSS PROFIT | $101M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $67M |
| Other Expenses | $22M |
| Operating Expenses | $89M |
| Cost & Expenses | $436M |
| OPERATING INCOME | $12M |
| Interest Income | $0 |
| Interest Expense | $14M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | -$19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$19M |
| D&A | $13M |
| EBIT | $12M |
| EBITDA | $24M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$19M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $19M |
| Other Non-Cash Items | $19M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $41M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $48.0K |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | -$28M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$364.0K |
| NET CASH FROM FINANCING | -$28M |
| FREE CASH FLOW | $34M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $53M |
| Short-Term Investments | $0 |
| Net Receivables | $161M |
| Inventory | $310M |
| Other Current Assets | $66M |
| TOTAL CURRENT ASSETS | $591M |
| PP&E (Net) | $392M |
| Goodwill | $939M |
| Intangible Assets | $298M |
| Long-Term Investments | $13M |
| Tax Assets | $0 |
| Other Non-Current Assets | $26M |
| TOTAL NON-CURRENT ASSETS | $1.7B |
| TOTAL ASSETS | $2.3B |
| Account Payables | $135M |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $231M |
| Long-Term Debt | $821M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $72M |
| Other Non-Current Liabilities | $27M |
| TOTAL NON-CURRENT LIABILITIES | $1.0B |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $653M |
| Treasury Stock | -$727M |
| Accum. Other Comp. Income | -$126M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $929M |
| Net Debt | $876M |
