| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $501M | $401M | $511M | 25.0% | -2.0% |
| Op. Income | $45M | -$48M | $54M | 195.3% | -16.0% |
| Gross Margin | 58.9% | 79.0% | 76.1% | -20.1pp | -17.2pp |
| Net Margin | -6.3% | -26.7% | -1.8% | 20.4pp | -4.5pp |
| EPS (Diluted) | $-0.19 | $-0.64 | $-0.06 | 70.3% | -237.5% |
| Free Cash Flow | -$103M | -$96M | -$105M | -7.5% | 1.4% |
| Item | Amount |
|---|---|
| REVENUE | $501M |
| Cost of Revenue | $206M |
| GROSS PROFIT | $295M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $236M |
| Other Expenses | $14M |
| Operating Expenses | $250M |
| Cost & Expenses | $456M |
| OPERATING INCOME | $45M |
| Interest Income | $0 |
| Interest Expense | $80M |
| Other Income/Expenses | -$80M |
| INCOME BEFORE TAX | -$34M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$32M |
| D&A | $76M |
| EBIT | $45M |
| EBITDA | $145M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$32M |
| Depreciation & Amortization | $104M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$65M |
| Change in Working Capital | -$93M |
| OPERATING CASH FLOW | -$86M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | $22M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $22M |
| FREE CASH FLOW | -$103M |
| Net Change in Cash | -$75M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $107M |
| Short-Term Investments | $0 |
| Net Receivables | $406M |
| Inventory | $233M |
| Other Current Assets | $131M |
| TOTAL CURRENT ASSETS | $889M |
| PP&E (Net) | $173M |
| Goodwill | $2.6B |
| Intangible Assets | $1.9B |
| Long-Term Investments | $5M |
| Tax Assets | $0 |
| Other Non-Current Assets | $452M |
| TOTAL NON-CURRENT ASSETS | $5.1B |
| TOTAL ASSETS | $6.0B |
| Account Payables | $127M |
| Short-Term Debt | $51M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $723M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $3.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $840M |
| TOTAL NON-CURRENT LIABILITIES | $4.4B |
| TOTAL LIABILITIES | $5.5B |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $527M |
| Minority Interest | $0 |
| TOTAL EQUITY | $527M |
| TOTAL LIABILITIES & EQUITY | $6.0B |
| Total Debt | $3.6B |
| Net Debt | $3.5B |
