Reported March 29, 2024
| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $189M | — | $164M | — | 15.0% |
| Op. Income | $49M | — | $46M | — | 6.7% |
| Gross Margin | 30.6% | — | 32.6% | — | -2.0pp |
| Net Margin | -2.4% | — | 3.4% | — | -5.8pp |
| EPS (Diluted) | $-0.01 | — | $0.01 | — | -200.0% |
| Free Cash Flow | $24M | — | $28M | — | -13.6% |
| Item | Amount |
|---|---|
| REVENUE | $189M |
| Cost of Revenue | $131M |
| GROSS PROFIT | $58M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $8M |
| Cost & Expenses | $139M |
| OPERATING INCOME | $49M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$51M |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $20M |
| EBIT | $13M |
| EBITDA | $34M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $8M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $24M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$73M |
| NET CASH FROM INVESTING | -$73M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$12M |
| NET CASH FROM FINANCING | -$12M |
| FREE CASH FLOW | $24M |
| Net Change in Cash | -$63M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $90M |
| Short-Term Investments | $66M |
| Net Receivables | $30M |
| Inventory | $29M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $221M |
| PP&E (Net) | $322M |
| Goodwill | $0 |
| Intangible Assets | $345.0K |
| Long-Term Investments | $0 |
| Tax Assets | $2M |
| Other Non-Current Assets | $22M |
| TOTAL NON-CURRENT ASSETS | $346M |
| TOTAL ASSETS | $567M |
| Account Payables | $37M |
| Short-Term Debt | $0 |
| Deferred Revenue | $9M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $124M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $170M |
| TOTAL LIABILITIES | $293M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $494M |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$223M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $272M |
| Minority Interest | $2M |
| TOTAL EQUITY | $274M |
| TOTAL LIABILITIES & EQUITY | $567M |
| Total Debt | $196M |
| Net Debt | $106M |