| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $119M | $166M | $152M | -28.1% | -21.6% |
| Op. Income | -$10M | $24M | $35M | -143.1% | -129.7% |
| Gross Margin | 11.6% | 53.6% | 36.8% | -42.1pp | -25.3pp |
| Net Margin | -8.6% | 9.7% | 19.7% | -18.3pp | -28.3pp |
| EPS (Diluted) | $-0.31 | $0.44 | $0.91 | -170.5% | -134.1% |
| Free Cash Flow | -$47M | $17M | $25M | -372.4% | -290.2% |
| Item | Amount |
|---|---|
| REVENUE | $119M |
| Cost of Revenue | $105M |
| GROSS PROFIT | $14M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $16M |
| Operating Expenses | $24M |
| Cost & Expenses | $129M |
| OPERATING INCOME | -$10M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$14M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | -$303.0K |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $16M |
| EBIT | -$11M |
| EBITDA | $5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $780.0K |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | -$8M |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | -$20M |
| Capital Expenditure | -$27M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$27M |
| Net Debt Issuance | $41M |
| Common Stock Repurchased | -$951.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $7M |
| NET CASH FROM FINANCING | $47M |
| FREE CASH FLOW | -$47M |
| Net Change in Cash | $407.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $20M |
| Inventory | $62M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $93M |
| PP&E (Net) | $489M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $497M |
| TOTAL ASSETS | $590M |
| Account Payables | $44M |
| Short-Term Debt | $0 |
| Deferred Revenue | $66M |
| Other Current Liabilities | $30M |
| TOTAL CURRENT LIABILITIES | $158M |
| Long-Term Debt | $82M |
| Deferred Revenue NC | $47M |
| Deferred Tax Liabilities | $9M |
| Other Non-Current Liabilities | $16M |
| TOTAL NON-CURRENT LIABILITIES | $164M |
| TOTAL LIABILITIES | $321M |
| Common Stock | $341.0K |
| Additional Paid-In Capital | $128M |
| Retained Earnings | $141M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $269M |
| Minority Interest | $0 |
| TOTAL EQUITY | $269M |
| TOTAL LIABILITIES & EQUITY | $590M |
| Total Debt | $95M |
| Net Debt | $92M |
