| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $330M | $647M | $308M | -49.0% | 7.0% |
| Op. Income | -$54M | $37M | -$45M | -244.4% | -20.6% |
| Gross Margin | 2.0% | 17.4% | 1.3% | -15.4pp | 0.6pp |
| Net Margin | -14.5% | 3.2% | -13.4% | -17.7pp | -1.0pp |
| EPS (Diluted) | $-0.84 | $0.36 | $-0.73 | -333.3% | -15.1% |
| Free Cash Flow | -$87M | $145M | -$122M | -159.9% | 28.6% |
| Item | Amount |
|---|---|
| REVENUE | $330M |
| Cost of Revenue | $323M |
| GROSS PROFIT | $6M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $60M |
| Other Expenses | $0 |
| Operating Expenses | $60M |
| Cost & Expenses | $383M |
| OPERATING INCOME | -$54M |
| Interest Income | $0 |
| Interest Expense | $14M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | -$64M |
| Income Tax Expense | -$16M |
| Net Income from Continuing Ops | -$48M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$48M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$48M |
| D&A | $32M |
| EBIT | -$50M |
| EBITDA | -$18M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$48M |
| Depreciation & Amortization | $32M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$311.0K |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$28M |
| OPERATING CASH FLOW | -$43M |
| Capital Expenditure | -$44M |
| Acquisitions (Net) | $2M |
| Purchases of Investments | -$3M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$45M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | -$87M |
| Net Change in Cash | -$92M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $171M |
| Short-Term Investments | $0 |
| Net Receivables | $184M |
| Inventory | $376M |
| Other Current Assets | $88M |
| TOTAL CURRENT ASSETS | $818M |
| PP&E (Net) | $1.4B |
| Goodwill | $274M |
| Intangible Assets | $10M |
| Long-Term Investments | $45M |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $1.7B |
| TOTAL ASSETS | $2.5B |
| Account Payables | $97M |
| Short-Term Debt | $7M |
| Deferred Revenue | $51M |
| Other Current Liabilities | $18M |
| TOTAL CURRENT LIABILITIES | $297M |
| Long-Term Debt | $674M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $174M |
| Other Non-Current Liabilities | $118M |
| TOTAL NON-CURRENT LIABILITIES | $998M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $570.0K |
| Additional Paid-In Capital | $615M |
| Retained Earnings | $618M |
| Treasury Stock | -$4M |
| Accum. Other Comp. Income | -$11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $726M |
| Net Debt | $556M |
