| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $298M | $225M | — | 32.6% | — |
| Op. Income | -$4M | -$15M | — | 75.2% | — |
| Gross Margin | 16.7% | 2.0% | — | 14.7pp | — |
| Net Margin | -3.2% | -0.4% | — | -2.8pp | — |
| EPS (Diluted) | $-0.02 | $-0.00 | — | -1029.4% | — |
| Free Cash Flow | -$210M | -$208M | — | -1.1% | — |
| Item | Amount |
|---|---|
| REVENUE | $298M |
| Cost of Revenue | $248M |
| GROSS PROFIT | $50M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | $44M |
| Operating Expenses | $54M |
| Cost & Expenses | $301M |
| OPERATING INCOME | -$4M |
| Interest Income | $6M |
| Interest Expense | $4M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | $76M |
| EBIT | -$25M |
| EBITDA | $50M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $69M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $40M |
| Change in Working Capital | -$31M |
| OPERATING CASH FLOW | $70M |
| Capital Expenditure | -$280M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $8M |
| NET CASH FROM INVESTING | -$272M |
| Net Debt Issuance | $22M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | $17M |
| FREE CASH FLOW | -$210M |
| Net Change in Cash | -$182M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $367M |
| Short-Term Investments | $0 |
| Net Receivables | $68M |
| Inventory | $266M |
| Other Current Assets | $42M |
| TOTAL CURRENT ASSETS | $754M |
| PP&E (Net) | $3.5B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $16M |
| Tax Assets | $0 |
| Other Non-Current Assets | $239M |
| TOTAL NON-CURRENT ASSETS | $3.8B |
| TOTAL ASSETS | $4.5B |
| Account Payables | $318M |
| Short-Term Debt | $5M |
| Deferred Revenue | $241M |
| Other Current Liabilities | $41M |
| TOTAL CURRENT LIABILITIES | $631M |
| Long-Term Debt | $826M |
| Deferred Revenue NC | $11M |
| Deferred Tax Liabilities | $700.0K |
| Other Non-Current Liabilities | $705M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $2.3B |
| Common Stock | $2.7B |
| Additional Paid-In Capital | $59M |
| Retained Earnings | -$538M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$47M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $58M |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $4.5B |
| Total Debt | $952M |
| Net Debt | $585M |
