| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $401M | $407M | $364M | -1.5% | 10.1% |
| Op. Income | -$48M | -$288M | -$462M | 83.4% | 89.7% |
| Gross Margin | 79.0% | 81.1% | 79.6% | -2.1pp | -0.6pp |
| Net Margin | -26.7% | -76.7% | -139.9% | 49.9pp | 113.2pp |
| EPS (Diluted) | $-0.64 | $-1.88 | $-3.07 | 66.0% | 79.2% |
| Free Cash Flow | -$96M | $200M | -$125M | -148.2% | 22.8% |
| Item | Amount |
|---|---|
| REVENUE | $401M |
| Cost of Revenue | $84M |
| GROSS PROFIT | $317M |
| R&D Expenses | $32M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $283M |
| Other Expenses | $49M |
| Operating Expenses | $364M |
| Cost & Expenses | $448M |
| OPERATING INCOME | -$48M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$69M |
| INCOME BEFORE TAX | -$117M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | -$107M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$107M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$107M |
| D&A | $64M |
| EBIT | -$46M |
| EBITDA | $18M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$107M |
| Depreciation & Amortization | $102M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$11M |
| Change in Working Capital | -$57M |
| OPERATING CASH FLOW | -$73M |
| Capital Expenditure | -$23M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$23M |
| NET CASH FROM INVESTING | -$46M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$53M |
| NET CASH FROM FINANCING | -$53M |
| FREE CASH FLOW | -$96M |
| Net Change in Cash | -$173M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $181M |
| Short-Term Investments | $0 |
| Net Receivables | $308M |
| Inventory | $248M |
| Other Current Assets | $138M |
| TOTAL CURRENT ASSETS | $903M |
| PP&E (Net) | $177M |
| Goodwill | $2.6B |
| Intangible Assets | $2.0B |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $435M |
| TOTAL NON-CURRENT ASSETS | $5.2B |
| TOTAL ASSETS | $6.1B |
| Account Payables | $149M |
| Short-Term Debt | $21M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $765M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $3.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $811M |
| 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 | $558M |
| Minority Interest | $0 |
| TOTAL EQUITY | $558M |
| TOTAL LIABILITIES & EQUITY | $6.1B |
| Total Debt | $3.6B |
| Net Debt | $3.4B |
