| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $108M | $119M | $188M | -9.1% | -42.5% |
| Op. Income | $1M | -$10M | $29M | 114.1% | -95.1% |
| Gross Margin | 6.8% | 11.6% | 29.1% | -4.7pp | -22.3pp |
| Net Margin | -1.6% | -8.6% | 11.7% | 7.0pp | -13.3pp |
| EPS (Diluted) | $-0.05 | $-0.31 | $0.60 | 84.3% | -108.1% |
| Free Cash Flow | $1M | -$47M | $13M | 103.2% | -88.2% |
| Item | Amount |
|---|---|
| REVENUE | $108M |
| Cost of Revenue | $101M |
| GROSS PROFIT | $7M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | $0 |
| Operating Expenses | $6M |
| Cost & Expenses | $107M |
| OPERATING INCOME | $1M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | -$610.0K |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $16M |
| EBIT | $2M |
| EBITDA | $17M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $666.0K |
| Deferred Income Tax | -$610.0K |
| Other Non-Cash Items | -$23M |
| Change in Working Capital | $26M |
| OPERATING CASH FLOW | $16M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $24.0K |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | -$9M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$39.0K |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $1M |
| Net Change in Cash | -$751.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $14M |
| Inventory | $70M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $93M |
| PP&E (Net) | $482M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $492M |
| TOTAL ASSETS | $585M |
| Account Payables | $29M |
| Short-Term Debt | $5M |
| Deferred Revenue | $83M |
| Other Current Liabilities | $30M |
| TOTAL CURRENT LIABILITIES | $164M |
| Long-Term Debt | $60M |
| Deferred Revenue NC | $42M |
| Deferred Tax Liabilities | $9M |
| Other Non-Current Liabilities | $17M |
| TOTAL NON-CURRENT LIABILITIES | $137M |
| TOTAL LIABILITIES | $302M |
| Common Stock | $365.0K |
| Additional Paid-In Capital | $144M |
| Retained Earnings | $139M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $284M |
| Minority Interest | $0 |
| TOTAL EQUITY | $284M |
| TOTAL LIABILITIES & EQUITY | $585M |
| Total Debt | $80M |
| Net Debt | $78M |
