| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $148M | $201M | $178M | -26.5% | -17.0% |
| Op. Income | -$22M | $25M | -$6M | -188.3% | -293.5% |
| Gross Margin | 44.9% | 42.8% | 42.5% | 2.2pp | 2.5pp |
| Net Margin | -16.5% | 10.8% | -40.0% | -27.3pp | 23.5pp |
| EPS (Diluted) | $-0.48 | $0.42 | $-2.89 | -214.3% | 83.4% |
| Free Cash Flow | $352.0K | $60M | $30M | -99.4% | -98.8% |
| Item | Amount |
|---|---|
| REVENUE | $148M |
| Cost of Revenue | $81M |
| GROSS PROFIT | $66M |
| R&D Expenses | $0 |
| Selling & Marketing | $9M |
| General & Administrative | $69M |
| SG&A Expenses | $78M |
| Other Expenses | $10M |
| Operating Expenses | $88M |
| Cost & Expenses | $170M |
| OPERATING INCOME | -$22M |
| Interest Income | $1M |
| Interest Expense | $14M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$24M |
| Income Tax Expense | $924.0K |
| Net Income from Continuing Ops | -$24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$24M |
| D&A | $14M |
| EBIT | -$25M |
| EBITDA | -$11M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$24M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $720.0K |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | $14M |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $20M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $17M |
| Net Debt Issuance | -$14M |
| Common Stock Repurchased | -$25M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$20M |
| NET CASH FROM FINANCING | -$59M |
| FREE CASH FLOW | $352.0K |
| Net Change in Cash | -$39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $76M |
| Short-Term Investments | $0 |
| Net Receivables | $145M |
| Inventory | $3M |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $295M |
| PP&E (Net) | $865M |
| Goodwill | $69M |
| Intangible Assets | $64M |
| Long-Term Investments | $35M |
| Tax Assets | $0 |
| Other Non-Current Assets | $73M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $1.4B |
| Account Payables | $16M |
| Short-Term Debt | $16M |
| Deferred Revenue | $226M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $541M |
| Long-Term Debt | $630M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $24M |
| Other Non-Current Liabilities | $56M |
| TOTAL NON-CURRENT LIABILITIES | $930M |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $519.0K |
| Additional Paid-In Capital | $18M |
| Retained Earnings | -$29M |
| Treasury Stock | -$25M |
| Accum. Other Comp. Income | -$34M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$69M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$69M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $903M |
| Net Debt | $827M |
