| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $553M | $470M | $523M | 17.6% | 5.9% |
| Op. Income | -$448.0K | -$56M | -$20M | 99.2% | 97.8% |
| Gross Margin | 9.9% | 0.9% | 2.6% | 9.1pp | 7.3pp |
| Net Margin | -3.0% | -18.5% | -5.9% | 15.5pp | 2.8pp |
| EPS (Diluted) | $-0.25 | $-1.31 | $-0.46 | 80.9% | 45.7% |
| Free Cash Flow | -$48M | -$35M | -$83M | -37.2% | 42.6% |
| Item | Amount |
|---|---|
| REVENUE | $553M |
| Cost of Revenue | $499M |
| GROSS PROFIT | $55M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $32M |
| Other Expenses | $24M |
| Operating Expenses | $55M |
| Cost & Expenses | $554M |
| OPERATING INCOME | -$448.0K |
| Interest Income | $0 |
| Interest Expense | $28M |
| Other Income/Expenses | -$23M |
| INCOME BEFORE TAX | -$23M |
| Income Tax Expense | -$6M |
| Net Income from Continuing Ops | -$17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$17M |
| D&A | $40M |
| EBIT | $4M |
| EBITDA | $45M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$17M |
| Depreciation & Amortization | $40M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$13M |
| Other Non-Cash Items | $21M |
| Change in Working Capital | -$62M |
| OPERATING CASH FLOW | -$29M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $977.0K |
| NET CASH FROM INVESTING | -$17M |
| Net Debt Issuance | $7M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$115.0K |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | -$48M |
| Net Change in Cash | -$40M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $274M |
| Short-Term Investments | $0 |
| Net Receivables | $368M |
| Inventory | $408M |
| Other Current Assets | $76M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $1.4B |
| Goodwill | $35M |
| Intangible Assets | $51M |
| Long-Term Investments | $4M |
| Tax Assets | $0 |
| Other Non-Current Assets | $16M |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $2.6B |
| Account Payables | $63M |
| Short-Term Debt | $0 |
| Deferred Revenue | $24M |
| Other Current Liabilities | $24M |
| TOTAL CURRENT LIABILITIES | $302M |
| Long-Term Debt | $1.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $82M |
| Other Non-Current Liabilities | $26M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $2.0B |
| Common Stock | $67M |
| Additional Paid-In Capital | $361M |
| Retained Earnings | $314M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$168M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $574M |
| Minority Interest | $0 |
| TOTAL EQUITY | $574M |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $1.6B |
| Net Debt | $1.4B |
