| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $372M | $446M | $384M | -16.7% | -3.1% |
| Op. Income | $9M | $0 | $35M | — | -74.3% |
| Gross Margin | 16.0% | 28.9% | 27.7% | -12.9pp | -11.7pp |
| Net Margin | -31.4% | 5.7% | 4.1% | -37.1pp | -35.5pp |
| EPS (Diluted) | $-3.23 | $0.69 | $0.41 | -568.1% | -887.8% |
| Free Cash Flow | $15M | $72M | $49M | -78.5% | -68.6% |
| Item | Amount |
|---|---|
| REVENUE | $372M |
| Cost of Revenue | $312M |
| GROSS PROFIT | $60M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $43M |
| Other Expenses | $0 |
| Operating Expenses | $51M |
| Cost & Expenses | $363M |
| OPERATING INCOME | $9M |
| Interest Income | $3M |
| Interest Expense | $26M |
| Other Income/Expenses | -$163M |
| INCOME BEFORE TAX | -$154M |
| Income Tax Expense | -$37M |
| Net Income from Continuing Ops | -$117M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$117M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$117M |
| D&A | $25M |
| EBIT | -$128M |
| EBITDA | -$103M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$117M |
| Depreciation & Amortization | $25M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$42M |
| Other Non-Cash Items | $202M |
| Change in Working Capital | -$24M |
| OPERATING CASH FLOW | $45M |
| Capital Expenditure | -$29M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $8M |
| NET CASH FROM INVESTING | -$21M |
| Net Debt Issuance | -$6M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | $15M |
| Net Change in Cash | $11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $96M |
| Short-Term Investments | $0 |
| Net Receivables | $211M |
| Inventory | $309M |
| Other Current Assets | $33M |
| TOTAL CURRENT ASSETS | $659M |
| PP&E (Net) | $829M |
| Goodwill | $528M |
| Intangible Assets | $385M |
| Long-Term Investments | $99M |
| Tax Assets | $12M |
| Other Non-Current Assets | $112M |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $2.6B |
| Account Payables | $158M |
| Short-Term Debt | $84M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $15M |
| TOTAL CURRENT LIABILITIES | $363M |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $71M |
| Other Non-Current Liabilities | $127M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $2.0B |
| Common Stock | $400.0K |
| Additional Paid-In Capital | $165M |
| Retained Earnings | $1.0B |
| Treasury Stock | -$510M |
| Accum. Other Comp. Income | -$27M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $631M |
| Minority Interest | $0 |
| TOTAL EQUITY | $631M |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $1.5B |
| Net Debt | $1.4B |
