| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $692M | — | 69.3% | — |
| Op. Income | $132M | $7M | — | 1712.3% | — |
| Gross Margin | 28.5% | 37.3% | — | -8.8pp | — |
| Net Margin | -4.0% | -5.9% | — | 1.9pp | — |
| EPS (Diluted) | $-0.24 | $-0.14 | — | -71.4% | — |
| Free Cash Flow | $83M | $126M | — | -34.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $837M |
| GROSS PROFIT | $334M |
| R&D Expenses | $0 |
| Selling & Marketing | $89M |
| General & Administrative | $81M |
| SG&A Expenses | $171M |
| Other Expenses | $31M |
| Operating Expenses | $202M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $132M |
| Interest Income | $3M |
| Interest Expense | $62M |
| Other Income/Expenses | -$62M |
| INCOME BEFORE TAX | $70M |
| Income Tax Expense | $600.0K |
| Net Income from Continuing Ops | $70M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$47M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$59M |
| D&A | $593M |
| EBIT | $126M |
| EBITDA | $720M |
| EPS | $0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$47M |
| Depreciation & Amortization | $426M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $47M |
| Change in Working Capital | -$348M |
| OPERATING CASH FLOW | $87M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | $312M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$357M |
| NET CASH FROM FINANCING | -$45M |
| FREE CASH FLOW | $83M |
| Net Change in Cash | $37M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $277M |
| Short-Term Investments | $36M |
| Net Receivables | $782M |
| Inventory | -$36M |
| Other Current Assets | $278M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $382M |
| Goodwill | $811M |
| Intangible Assets | $26M |
| Long-Term Investments | $75M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.4B |
| TOTAL NON-CURRENT ASSETS | $3.7B |
| TOTAL ASSETS | $5.1B |
| Account Payables | $247M |
| Short-Term Debt | $2.3B |
| Deferred Revenue | $188M |
| Other Current Liabilities | $675M |
| TOTAL CURRENT LIABILITIES | $3.6B |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $690M |
| TOTAL NON-CURRENT LIABILITIES | $2.5B |
| TOTAL LIABILITIES | $6.1B |
| Common Stock | $3.1B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$3.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $97M |
| Other Equity | -$820M |
| TOTAL STOCKHOLDERS' EQUITY | -$1.2B |
| Minority Interest | $126M |
| TOTAL EQUITY | -$1.0B |
| TOTAL LIABILITIES & EQUITY | $5.1B |
| Total Debt | $4.1B |
| Net Debt | $3.8B |
