| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $161M | $182M | $197M | -11.7% | -18.5% |
| Op. Income | -$42M | -$13M | $2M | -235.4% | -2707.4% |
| Gross Margin | 4.3% | 18.4% | 10.5% | -14.1pp | -6.3pp |
| Net Margin | -26.7% | -12.3% | -2.3% | -14.4pp | -24.5pp |
| EPS (Diluted) | $-0.07 | $-0.04 | $-0.01 | -91.1% | -781.2% |
| Free Cash Flow | -$62M | -$45M | -$20M | -36.8% | -216.5% |
| Item | Amount |
|---|---|
| REVENUE | $161M |
| Cost of Revenue | $154M |
| GROSS PROFIT | $7M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | $37M |
| Operating Expenses | $49M |
| Cost & Expenses | $203M |
| OPERATING INCOME | -$42M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$49M |
| Income Tax Expense | -$6M |
| Net Income from Continuing Ops | -$43M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$43M |
| Net Income Deductions | $138.0K |
| BOTTOM LINE NET INCOME | -$43M |
| D&A | $52M |
| EBIT | -$36M |
| EBITDA | $15M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$43M |
| Depreciation & Amortization | $52M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | $884.0K |
| Capital Expenditure | -$63M |
| Acquisitions (Net) | $228.0K |
| Purchases of Investments | -$7M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$68M |
| Net Debt Issuance | $45M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$4M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $72M |
| FREE CASH FLOW | -$62M |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $106M |
| Short-Term Investments | $0 |
| Net Receivables | $33M |
| Inventory | $94M |
| Other Current Assets | $27M |
| TOTAL CURRENT ASSETS | $260M |
| PP&E (Net) | $2.7B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $34M |
| Tax Assets | $3M |
| Other Non-Current Assets | $40M |
| TOTAL NON-CURRENT ASSETS | $2.8B |
| TOTAL ASSETS | $3.0B |
| Account Payables | $82M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $20M |
| TOTAL CURRENT LIABILITIES | $157M |
| Long-Term Debt | $653M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $105M |
| Other Non-Current Liabilities | $128M |
| TOTAL NON-CURRENT LIABILITIES | $886M |
| TOTAL LIABILITIES | $1.0B |
| Common Stock | $156M |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | -$504M |
| Treasury Stock | -$34M |
| Accum. Other Comp. Income | $6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $3.0B |
| Total Debt | $663M |
| Net Debt | $556M |
