| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $458M | $420M | $429M | 9.1% | 6.5% |
| Op. Income | $48M | $44M | $41M | 9.2% | 17.5% |
| Gross Margin | 22.5% | 21.8% | 23.1% | 0.7pp | -0.5pp |
| Net Margin | -4.0% | 9.2% | 8.6% | -13.2pp | -12.6pp |
| EPS (Diluted) | $-0.22 | $0.45 | $0.43 | -148.9% | -151.2% |
| Free Cash Flow | $145M | $48M | $99M | 200.0% | 47.1% |
| Item | Amount |
|---|---|
| REVENUE | $458M |
| Cost of Revenue | $354M |
| GROSS PROFIT | $103M |
| R&D Expenses | $12M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $42M |
| Other Expenses | $2M |
| Operating Expenses | $56M |
| Cost & Expenses | $410M |
| OPERATING INCOME | $48M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$76M |
| INCOME BEFORE TAX | -$29M |
| Income Tax Expense | -$10M |
| Net Income from Continuing Ops | -$18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$18M |
| D&A | $32M |
| EBIT | -$24M |
| EBITDA | $8M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$18M |
| Depreciation & Amortization | $32M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $93M |
| Change in Working Capital | $50M |
| OPERATING CASH FLOW | $159M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $45M |
| NET CASH FROM INVESTING | $31M |
| Net Debt Issuance | -$55M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$11M |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | -$63M |
| FREE CASH FLOW | $145M |
| Net Change in Cash | $129M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $227M |
| Short-Term Investments | $0 |
| Net Receivables | $260M |
| Inventory | $334M |
| Other Current Assets | $43M |
| TOTAL CURRENT ASSETS | $864M |
| PP&E (Net) | $1.7B |
| Goodwill | $189M |
| Intangible Assets | $63M |
| Long-Term Investments | $5M |
| Tax Assets | $0 |
| Other Non-Current Assets | $119M |
| TOTAL NON-CURRENT ASSETS | $2.1B |
| TOTAL ASSETS | $2.9B |
| Account Payables | $159M |
| Short-Term Debt | $7M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $74M |
| TOTAL CURRENT LIABILITIES | $316M |
| Long-Term Debt | $698M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $111M |
| Other Non-Current Liabilities | $54M |
| TOTAL NON-CURRENT LIABILITIES | $886M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $1M |
| Additional Paid-In Capital | $937M |
| Retained Earnings | $2.2B |
| Treasury Stock | -$1.3B |
| Accum. Other Comp. Income | -$74M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $2.9B |
| Total Debt | $729M |
| Net Debt | $502M |
