| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $190M | $161M | $200M | 17.9% | -5.0% |
| Op. Income | $5M | -$42M | $6M | 111.9% | -8.8% |
| Gross Margin | 10.1% | 4.3% | 17.5% | 5.8pp | -7.4pp |
| Net Margin | -3.0% | -26.7% | -1.6% | 23.7pp | -1.4pp |
| EPS (Diluted) | $-0.01 | $-0.07 | $-0.01 | 86.8% | -75.5% |
| Free Cash Flow | -$31M | -$62M | -$14M | 50.6% | -120.4% |
| Item | Amount |
|---|---|
| REVENUE | $190M |
| Cost of Revenue | $170M |
| GROSS PROFIT | $19M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $3M |
| Operating Expenses | $14M |
| Cost & Expenses | $184M |
| OPERATING INCOME | $5M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $51M |
| EBIT | $9M |
| EBITDA | $60M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $51M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$416.0K |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$37M |
| OPERATING CASH FLOW | $17M |
| Capital Expenditure | -$48M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $47.0K |
| NET CASH FROM INVESTING | -$48M |
| Net Debt Issuance | $9M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | -$4M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$31M |
| Net Change in Cash | -$26M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $80M |
| Short-Term Investments | $0 |
| Net Receivables | $50M |
| Inventory | $102M |
| Other Current Assets | $23M |
| TOTAL CURRENT ASSETS | $255M |
| PP&E (Net) | $2.7B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $33M |
| Tax Assets | $0 |
| Other Non-Current Assets | $34M |
| TOTAL NON-CURRENT ASSETS | $2.7B |
| TOTAL ASSETS | $3.0B |
| Account Payables | $81M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $23M |
| TOTAL CURRENT LIABILITIES | $153M |
| Long-Term Debt | $662M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $98M |
| Other Non-Current Liabilities | $122M |
| TOTAL NON-CURRENT LIABILITIES | $883M |
| TOTAL LIABILITIES | $1.0B |
| Common Stock | $156M |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | -$514M |
| Treasury Stock | -$35M |
| Accum. Other Comp. Income | $434.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $3.0B |
| Total Debt | $671M |
| Net Debt | $591M |
