| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $199M | — | $196M | — | 1.8% |
| Op. Income | -$28M | — | -$72M | — | 60.3% |
| Gross Margin | 27.1% | — | 17.4% | — | 9.6pp |
| Net Margin | -23.0% | — | -38.6% | — | 15.6pp |
| EPS (Diluted) | $-1.54 | — | $-2.56 | — | 39.8% |
| Free Cash Flow | -$45M | — | -$99M | — | 54.7% |
| Item | Amount |
|---|---|
| REVENUE | $199M |
| Cost of Revenue | $145M |
| GROSS PROFIT | $54M |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $79M |
| Other Expenses | -$1M |
| Operating Expenses | $82M |
| Cost & Expenses | $228M |
| OPERATING INCOME | -$28M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | -$46M |
| Income Tax Expense | $54.0K |
| Net Income from Continuing Ops | -$46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$46M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$46M |
| D&A | $13M |
| EBIT | -$28M |
| EBITDA | -$15M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$46M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $54.0K |
| Other Non-Cash Items | $10M |
| Change in Working Capital | -$19M |
| OPERATING CASH FLOW | -$39M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $14M |
| NET CASH FROM INVESTING | $8M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$9M |
| FREE CASH FLOW | -$45M |
| Net Change in Cash | -$40M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $209M |
| Short-Term Investments | $0 |
| Net Receivables | $130M |
| Inventory | $77M |
| Other Current Assets | -$8.5K |
| TOTAL CURRENT ASSETS | $431M |
| PP&E (Net) | $430M |
| Goodwill | $111M |
| Intangible Assets | $10M |
| Long-Term Investments | $45M |
| Tax Assets | $10M |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $606M |
| TOTAL ASSETS | $1.0B |
| Account Payables | $46M |
| Short-Term Debt | $339M |
| Deferred Revenue | -$3M |
| Other Current Liabilities | $59M |
| TOTAL CURRENT LIABILITIES | $579M |
| Long-Term Debt | $115M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $186M |
| TOTAL LIABILITIES | $765M |
| Common Stock | $105.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$252M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $272M |
| Minority Interest | $2M |
| TOTAL EQUITY | $273M |
| TOTAL LIABILITIES & EQUITY | $1.0B |
| Total Debt | $539M |
| Net Debt | $330M |
