| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $596M | $521M | $622M | 14.4% | -4.2% |
| Op. Income | $10M | $18M | -$137M | -45.6% | 107.2% |
| Gross Margin | 16.6% | 18.6% | 18.7% | -2.0pp | -2.1pp |
| Net Margin | -1.3% | 2.0% | -23.2% | -3.3pp | 21.9pp |
| EPS (Diluted) | $-0.23 | $0.29 | $-4.10 | -179.3% | 94.4% |
| Free Cash Flow | $22M | $3M | $47M | 725.9% | -53.0% |
| Item | Amount |
|---|---|
| REVENUE | $596M |
| Cost of Revenue | $497M |
| GROSS PROFIT | $99M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $94M |
| Other Expenses | -$5M |
| Operating Expenses | $89M |
| Cost & Expenses | $586M |
| OPERATING INCOME | $10M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $16M |
| EBIT | $7M |
| EBITDA | $22M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $8M |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | $24M |
| OPERATING CASH FLOW | $40M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $300.0K |
| NET CASH FROM INVESTING | -$17M |
| Net Debt Issuance | -$29M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$29M |
| FREE CASH FLOW | $22M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $34M |
| Short-Term Investments | $0 |
| Net Receivables | $279M |
| Inventory | $667M |
| Other Current Assets | $53M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $426M |
| Goodwill | $80M |
| Intangible Assets | $126M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $43M |
| TOTAL NON-CURRENT ASSETS | $674M |
| TOTAL ASSETS | $1.7B |
| Account Payables | $255M |
| Short-Term Debt | $13M |
| Deferred Revenue | $19M |
| Other Current Liabilities | $252M |
| TOTAL CURRENT LIABILITIES | $563M |
| Long-Term Debt | $359M |
| Deferred Revenue NC | $24M |
| Deferred Tax Liabilities | $8M |
| Other Non-Current Liabilities | $103M |
| TOTAL NON-CURRENT LIABILITIES | $540M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $400.0K |
| Additional Paid-In Capital | $613M |
| Retained Earnings | $144M |
| Treasury Stock | -$67M |
| Accum. Other Comp. Income | -$86M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $603M |
| Minority Interest | $0 |
| TOTAL EQUITY | $603M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $419M |
| Net Debt | $385M |
