| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $456M | $318M | $481M | 43.6% | -5.1% |
| Op. Income | -$18M | -$19M | -$8M | 6.1% | -119.7% |
| Gross Margin | 10.8% | 11.6% | 12.4% | -0.8pp | -1.6pp |
| Net Margin | -3.3% | -4.6% | -6.3% | 1.3pp | 3.0pp |
| EPS (Diluted) | $-0.79 | $-0.77 | $-1.61 | -2.6% | 50.9% |
| Free Cash Flow | $50M | $18M | $41M | 182.4% | 21.2% |
| Item | Amount |
|---|---|
| REVENUE | $456M |
| Cost of Revenue | $407M |
| GROSS PROFIT | $49M |
| R&D Expenses | $0 |
| Selling & Marketing | $13M |
| General & Administrative | $51M |
| SG&A Expenses | $63M |
| Other Expenses | $4M |
| Operating Expenses | $67M |
| Cost & Expenses | $474M |
| OPERATING INCOME | -$18M |
| Interest Income | $608.0K |
| Interest Expense | $2M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$15M |
| Income Tax Expense | $254.0K |
| Net Income from Continuing Ops | -$15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$15M |
| D&A | $4M |
| EBIT | -$13M |
| EBITDA | -$9M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$15M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $71M |
| Change in Working Capital | -$17M |
| OPERATING CASH FLOW | $51M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $114.3K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | $1.7K |
| NET CASH FROM INVESTING | $382.0K |
| Net Debt Issuance | -$65.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$156.8K |
| NET CASH FROM FINANCING | -$180.0K |
| FREE CASH FLOW | $50M |
| Net Change in Cash | $51M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $103M |
| Short-Term Investments | $0 |
| Net Receivables | $84M |
| Inventory | $136M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $344M |
| PP&E (Net) | $139M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $2M |
| Tax Assets | $2M |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $155M |
| TOTAL ASSETS | $499M |
| Account Payables | $207M |
| Short-Term Debt | $8M |
| Deferred Revenue | $26M |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $297M |
| Long-Term Debt | $1M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $73M |
| TOTAL LIABILITIES | $370M |
| Common Stock | $8M |
| Additional Paid-In Capital | $267M |
| Retained Earnings | -$131M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $194.0K |
| Other Equity | -$15M |
| TOTAL STOCKHOLDERS' EQUITY | $129M |
| Minority Interest | $0 |
| TOTAL EQUITY | $129M |
| TOTAL LIABILITIES & EQUITY | $499M |
| Total Debt | $91M |
| Net Debt | -$12M |
