| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $142M | $148M | — | -3.9% | — |
| Op. Income | -$33M | -$22M | — | -53.4% | — |
| Gross Margin | 28.5% | 44.9% | — | -16.4pp | — |
| Net Margin | -35.6% | -16.5% | — | -19.1pp | — |
| EPS (Diluted) | $-1.00 | $-0.48 | — | -108.3% | — |
| Free Cash Flow | -$2M | $352.0K | — | -655.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $142M |
| Cost of Revenue | $102M |
| GROSS PROFIT | $41M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $49M |
| Other Expenses | $25M |
| Operating Expenses | $74M |
| Cost & Expenses | $176M |
| OPERATING INCOME | -$33M |
| Interest Income | $851.0K |
| Interest Expense | $14M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | -$51M |
| Income Tax Expense | -$659.0K |
| Net Income from Continuing Ops | -$51M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$51M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$51M |
| D&A | $14M |
| EBIT | -$37M |
| EBITDA | -$23M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$51M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | -$659.0K |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $21M |
| OPERATING CASH FLOW | $1M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $13M |
| Other Investing Activities | -$65M |
| NET CASH FROM INVESTING | -$55M |
| Net Debt Issuance | $73M |
| Common Stock Repurchased | -$51M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$12M |
| NET CASH FROM FINANCING | $9M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$45M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $37M |
| Short-Term Investments | $0 |
| Net Receivables | $155M |
| Inventory | $3M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $284M |
| PP&E (Net) | $849M |
| Goodwill | $69M |
| Intangible Assets | $64M |
| Long-Term Investments | $15M |
| Tax Assets | $0 |
| Other Non-Current Assets | $68M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $1.3B |
| Account Payables | $19M |
| Short-Term Debt | $20M |
| Deferred Revenue | $289M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $605M |
| Long-Term Debt | $699M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $23M |
| Other Non-Current Liabilities | $44M |
| TOTAL NON-CURRENT LIABILITIES | $979M |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $523.0K |
| Additional Paid-In Capital | $18M |
| Retained Earnings | -$79M |
| Treasury Stock | -$141M |
| Accum. Other Comp. Income | -$34M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$235M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$235M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $971M |
| Net Debt | $934M |
