| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $295M | $282M | $265M | 4.8% | 11.2% |
| Op. Income | $25M | $0 | -$115M | — | 121.4% |
| Gross Margin | 54.2% | 48.3% | 47.8% | 5.9pp | 6.5pp |
| Net Margin | -16.1% | 3.0% | -30.0% | -19.1pp | 13.9pp |
| EPS (Diluted) | $-6.19 | $1.05 | $-10.49 | -689.5% | 41.0% |
| Free Cash Flow | $251M | $340M | -$47M | -26.0% | 634.6% |
| Item | Amount |
|---|---|
| REVENUE | $295M |
| Cost of Revenue | $135M |
| GROSS PROFIT | $160M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $33M |
| SG&A Expenses | $33M |
| Other Expenses | $102M |
| Operating Expenses | $135M |
| Cost & Expenses | $270M |
| OPERATING INCOME | $25M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$70M |
| INCOME BEFORE TAX | -$46M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$48M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$48M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$48M |
| D&A | $3M |
| EBIT | $25M |
| EBITDA | $28M |
| EPS | -$6 |
| EPS Diluted | -$6 |
| Item | Amount |
|---|---|
| Net Income | -$48M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $337M |
| Change in Working Capital | -$14M |
| OPERATING CASH FLOW | $282M |
| Capital Expenditure | -$30M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$262M |
| Sales/Maturities of Investments | $270M |
| Other Investing Activities | -$35M |
| NET CASH FROM INVESTING | -$57M |
| Net Debt Issuance | -$212M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$24M |
| NET CASH FROM FINANCING | -$236M |
| FREE CASH FLOW | $251M |
| Net Change in Cash | -$11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $202M |
| Short-Term Investments | $0 |
| Net Receivables | $8.8B |
| Inventory | $0 |
| Other Current Assets | $66M |
| TOTAL CURRENT ASSETS | $9.8B |
| PP&E (Net) | $13M |
| Goodwill | $0 |
| Intangible Assets | $2.3B |
| Long-Term Investments | $38M |
| Tax Assets | $3M |
| Other Non-Current Assets | $388M |
| TOTAL NON-CURRENT ASSETS | $2.7B |
| TOTAL ASSETS | $12.5B |
| Account Payables | $0 |
| Short-Term Debt | $52M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $220M |
| Long-Term Debt | $10.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.0B |
| TOTAL NON-CURRENT LIABILITIES | $11.9B |
| TOTAL LIABILITIES | $12.1B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $555M |
| Retained Earnings | -$152M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $402M |
| Minority Interest | $0 |
| TOTAL EQUITY | $402M |
| TOTAL LIABILITIES & EQUITY | $12.5B |
| Total Debt | $10.9B |
| Net Debt | $10.7B |
