| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $229M | $228M | $324M | 0.5% | -29.3% |
| Op. Income | -$175M | -$64M | -$18M | -174.9% | -877.4% |
| Gross Margin | -15.1% | 1.2% | 10.9% | -16.3pp | -26.0pp |
| Net Margin | -81.4% | -47.6% | -23.4% | -33.9pp | -58.0pp |
| EPS (Diluted) | $-3.45 | $-2.21 | $-1.84 | -56.1% | -87.5% |
| Free Cash Flow | -$88M | -$167M | $32M | 47.2% | -372.6% |
| Item | Amount |
|---|---|
| REVENUE | $229M |
| Cost of Revenue | $263M |
| GROSS PROFIT | -$34M |
| R&D Expenses | $10M |
| Selling & Marketing | $4M |
| General & Administrative | $25M |
| SG&A Expenses | $29M |
| Other Expenses | $0 |
| Operating Expenses | $39M |
| Cost & Expenses | $404M |
| OPERATING INCOME | -$175M |
| Interest Income | $0 |
| Interest Expense | $714.0K |
| Other Income/Expenses | -$21M |
| INCOME BEFORE TAX | -$196M |
| Income Tax Expense | -$10M |
| Net Income from Continuing Ops | -$186M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$186M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$186M |
| D&A | $12M |
| EBIT | -$160M |
| EBITDA | -$147M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$186M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $99M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | -$76M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $10.0K |
| Sales/Maturities of Investments | $59M |
| Other Investing Activities | $6M |
| NET CASH FROM INVESTING | $53M |
| Net Debt Issuance | $2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$88M |
| Net Change in Cash | -$22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $190M |
| Short-Term Investments | $0 |
| Net Receivables | $92M |
| Inventory | $309M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $619M |
| PP&E (Net) | $303M |
| Goodwill | $8M |
| Intangible Assets | $8M |
| Long-Term Investments | $4M |
| Tax Assets | $0 |
| Other Non-Current Assets | $60M |
| TOTAL NON-CURRENT ASSETS | $383M |
| TOTAL ASSETS | $1.0B |
| Account Payables | $153M |
| Short-Term Debt | $25M |
| Deferred Revenue | $134M |
| Other Current Liabilities | $76M |
| TOTAL CURRENT LIABILITIES | $432M |
| Long-Term Debt | $387M |
| Deferred Revenue NC | $114M |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $38M |
| TOTAL NON-CURRENT LIABILITIES | $565M |
| TOTAL LIABILITIES | $997M |
| Common Stock | $0 |
| Additional Paid-In Capital | $811M |
| Retained Earnings | -$796M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$16M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$1M |
| Minority Interest | $6M |
| TOTAL EQUITY | $5M |
| TOTAL LIABILITIES & EQUITY | $1.0B |
| Total Debt | $438M |
| Net Debt | $247M |
