| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $470M | $471M | $583M | -0.1% | -19.3% |
| Op. Income | -$56M | -$3M | $47M | -1546.1% | -219.3% |
| Gross Margin | 0.9% | 5.7% | 14.2% | -4.8pp | -13.4pp |
| Net Margin | -18.5% | -5.5% | 3.4% | -13.0pp | -22.0pp |
| EPS (Diluted) | $-1.31 | $-0.39 | $0.30 | -235.9% | -536.7% |
| Free Cash Flow | -$35M | -$63M | $782.0K | 44.6% | -4542.6% |
| Item | Amount |
|---|---|
| REVENUE | $470M |
| Cost of Revenue | $466M |
| GROSS PROFIT | $4M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $27M |
| Other Expenses | $34M |
| Operating Expenses | $60M |
| Cost & Expenses | $527M |
| OPERATING INCOME | -$56M |
| Interest Income | $9M |
| Interest Expense | $27M |
| Other Income/Expenses | -$30M |
| INCOME BEFORE TAX | -$86M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$87M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$87M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$87M |
| D&A | $44M |
| EBIT | -$59M |
| EBITDA | -$15M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$87M |
| Depreciation & Amortization | $44M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $57M |
| Change in Working Capital | -$24M |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$26M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $6M |
| NET CASH FROM INVESTING | -$20M |
| Net Debt Issuance | $8M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$10M |
| Other Financing Activities | -$18.0K |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$35M |
| Net Change in Cash | -$30M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $314M |
| Short-Term Investments | $0 |
| Net Receivables | $306M |
| Inventory | $414M |
| Other Current Assets | $59M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $1.4B |
| Goodwill | $35M |
| Intangible Assets | $53M |
| Long-Term Investments | $42M |
| Tax Assets | $661.0K |
| Other Non-Current Assets | $18M |
| TOTAL NON-CURRENT ASSETS | $1.6B |
| TOTAL ASSETS | $2.7B |
| Account Payables | $61M |
| Short-Term Debt | $0 |
| Deferred Revenue | $15M |
| Other Current Liabilities | $20M |
| TOTAL CURRENT LIABILITIES | $286M |
| Long-Term Debt | $1.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $97M |
| Other Non-Current Liabilities | $26M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $2.0B |
| Common Stock | $66M |
| Additional Paid-In Capital | $359M |
| Retained Earnings | $336M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$127M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $635M |
| Minority Interest | $0 |
| TOTAL EQUITY | $635M |
| TOTAL LIABILITIES & EQUITY | $2.7B |
| Total Debt | $1.6B |
| Net Debt | $1.3B |
