| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $195M | $198M | $194M | -1.4% | 0.5% |
| Op. Income | $46M | $28M | $19M | 64.4% | 146.6% |
| Gross Margin | 44.3% | 33.7% | 31.5% | 10.7pp | 12.8pp |
| Net Margin | 19.5% | -0.8% | -0.4% | 20.4pp | 19.9pp |
| EPS (Diluted) | $0.31 | $-0.01 | $-0.01 | 2466.4% | 4943.8% |
| Free Cash Flow | $72M | $59M | $64M | 21.1% | 12.3% |
| Item | Amount |
|---|---|
| REVENUE | $195M |
| Cost of Revenue | $108M |
| GROSS PROFIT | $86M |
| R&D Expenses | $6M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $34M |
| Other Expenses | $0 |
| Operating Expenses | $40M |
| Cost & Expenses | $148M |
| OPERATING INCOME | $46M |
| Interest Income | $3M |
| Interest Expense | $22M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $28M |
| Income Tax Expense | -$10M |
| Net Income from Continuing Ops | $38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $38M |
| D&A | $53M |
| EBIT | $52M |
| EBITDA | $105M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $195M |
| Cost of Revenue | $108M |
| GROSS PROFIT | $86M |
| R&D Expenses | $6M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $34M |
| Other Expenses | $0 |
| Operating Expenses | $40M |
| Cost & Expenses | $148M |
| OPERATING INCOME | $46M |
| Interest Income | $3M |
| Interest Expense | $22M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $28M |
| Income Tax Expense | -$10M |
| Net Income from Continuing Ops | $38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $38M |
| D&A | $53M |
| EBIT | $52M |
| EBITDA | $105M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $38M |
| Depreciation & Amortization | $53M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | -$11M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | $88M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $10M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$10M |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | $2.0K |
| Common Stock Repurchased | -$52M |
| Common Dividends Paid | -$16M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$69M |
| FREE CASH FLOW | $72M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $72M |
| Short-Term Investments | $0 |
| Net Receivables | $92M |
| Inventory | $91M |
| Other Current Assets | $16M |
| TOTAL CURRENT ASSETS | $271M |
| PP&E (Net) | $2.2B |
| Goodwill | $0 |
| Intangible Assets | $41M |
| Long-Term Investments | $134M |
| Tax Assets | $2M |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $2.4B |
| TOTAL ASSETS | $2.7B |
| Account Payables | $29M |
| Short-Term Debt | $19M |
| Deferred Revenue | $33M |
| Other Current Liabilities | $50M |
| TOTAL CURRENT LIABILITIES | $132M |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $44M |
| Deferred Tax Liabilities | $115M |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $123.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$235M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $34M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $888M |
| Minority Interest | $0 |
| TOTAL EQUITY | $888M |
| TOTAL LIABILITIES & EQUITY | $2.7B |
| Total Debt | $1.5B |
| Net Debt | $1.4B |
