| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $339M | $298M | — | 13.9% | — |
| Op. Income | $88M | -$4M | — | 2402.6% | — |
| Gross Margin | 31.2% | 16.7% | — | 14.5pp | — |
| Net Margin | 16.2% | -3.2% | — | 19.3pp | — |
| EPS (Diluted) | $0.11 | $-0.02 | — | 672.9% | — |
| Free Cash Flow | -$92M | -$210M | — | 56.4% | — |
| Item | Amount |
|---|---|
| REVENUE | $339M |
| Cost of Revenue | $233M |
| GROSS PROFIT | $106M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | $8M |
| Operating Expenses | $18M |
| Cost & Expenses | $251M |
| OPERATING INCOME | $88M |
| Interest Income | $3M |
| Interest Expense | $2M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $89M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $62M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $55M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $55M |
| D&A | $62M |
| EBIT | $77M |
| EBITDA | $139M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $339M |
| Cost of Revenue | $233M |
| GROSS PROFIT | $106M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | $8M |
| Operating Expenses | $18M |
| Cost & Expenses | $251M |
| OPERATING INCOME | $88M |
| Interest Income | $3M |
| Interest Expense | $2M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $89M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $62M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $55M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $55M |
| D&A | $62M |
| EBIT | $77M |
| EBITDA | $139M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $55M |
| Depreciation & Amortization | $62M |
| Stock-Based Compensation | $700.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$15M |
| Change in Working Capital | -$25M |
| OPERATING CASH FLOW | $77M |
| Capital Expenditure | -$169M |
| Acquisitions (Net) | -$600.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | -$164M |
| Net Debt Issuance | $10M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | $14M |
| FREE CASH FLOW | -$92M |
| Net Change in Cash | -$76M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $291M |
| Short-Term Investments | $300.0K |
| Net Receivables | $37M |
| Inventory | $249M |
| Other Current Assets | $40M |
| TOTAL CURRENT ASSETS | $637M |
| PP&E (Net) | $3.7B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $19M |
| Tax Assets | $0 |
| Other Non-Current Assets | $292M |
| TOTAL NON-CURRENT ASSETS | $4.0B |
| TOTAL ASSETS | $4.7B |
| Account Payables | $321M |
| Short-Term Debt | $3M |
| Deferred Revenue | $261M |
| Other Current Liabilities | $62M |
| TOTAL CURRENT LIABILITIES | $700M |
| Long-Term Debt | $818M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $714M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $2.3B |
| Common Stock | $2.8B |
| Additional Paid-In Capital | $56M |
| Retained Earnings | -$505M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$51M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $62M |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $4.7B |
| Total Debt | $950M |
| Net Debt | $659M |
