| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $526M | — | $909M | — | -42.1% |
| Op. Income | $61M | — | $110M | — | -44.3% |
| Gross Margin | 50.9% | — | 30.2% | — | 20.7pp |
| Net Margin | -42.5% | — | 0.7% | — | -43.2pp |
| EPS (Diluted) | $-1.27 | — | $0.04 | — | -3687.6% |
| Free Cash Flow | $69M | — | $139M | — | -50.8% |
| Item | Amount |
|---|---|
| REVENUE | $526M |
| Cost of Revenue | $259M |
| GROSS PROFIT | $268M |
| R&D Expenses | $8M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $198M |
| Other Expenses | $0 |
| Operating Expenses | $207M |
| Cost & Expenses | $465M |
| OPERATING INCOME | $61M |
| Interest Income | $0 |
| Interest Expense | $46M |
| Other Income/Expenses | -$124M |
| INCOME BEFORE TAX | -$63M |
| Income Tax Expense | -$984.0K |
| Net Income from Continuing Ops | -$62M |
| Net Income from Discontinued Ops | -$162M |
| Other Adjustments | $0 |
| NET INCOME | -$224M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$224M |
| D&A | $28M |
| EBIT | -$25M |
| EBITDA | $3M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$224M |
| Depreciation & Amortization | $40M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $189M |
| Change in Working Capital | $90M |
| OPERATING CASH FLOW | $94M |
| Capital Expenditure | -$25M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$651.0K |
| Sales/Maturities of Investments | $10M |
| Other Investing Activities | -$11M |
| NET CASH FROM INVESTING | -$27M |
| Net Debt Issuance | -$14M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$9M |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | -$29M |
| FREE CASH FLOW | $69M |
| Net Change in Cash | $43M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $601M |
| Short-Term Investments | $22M |
| Net Receivables | $906M |
| Inventory | $70M |
| Other Current Assets | $92M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $717M |
| Goodwill | $734M |
| Intangible Assets | $62M |
| Long-Term Investments | $250M |
| Tax Assets | $211M |
| Other Non-Current Assets | $605M |
| TOTAL NON-CURRENT ASSETS | $2.6B |
| TOTAL ASSETS | $4.3B |
| Account Payables | $282M |
| Short-Term Debt | $59M |
| Deferred Revenue | $89M |
| Other Current Liabilities | $987M |
| TOTAL CURRENT LIABILITIES | $1.7B |
| Long-Term Debt | $2.1B |
| Deferred Revenue NC | $507.0K |
| Deferred Tax Liabilities | $211M |
| Other Non-Current Liabilities | $293M |
| TOTAL NON-CURRENT LIABILITIES | $2.9B |
| TOTAL LIABILITIES | $4.6B |
| Common Stock | $270M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $3.1B |
| Treasury Stock | -$2.9B |
| Accum. Other Comp. Income | -$851M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$369M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$369M |
| TOTAL LIABILITIES & EQUITY | $4.3B |
| Total Debt | $2.5B |
| Net Debt | $1.9B |
