| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $455M | $480M | $456M | -5.2% | -0.2% |
| Op. Income | -$32M | $47M | -$62M | -167.6% | 48.9% |
| Gross Margin | 19.2% | 31.3% | 14.8% | -12.1pp | 4.4pp |
| Net Margin | -28.3% | 8.0% | -11.1% | -36.3pp | -17.2pp |
| EPS (Diluted) | $-10.26 | $3.05 | $-4.10 | -436.4% | -150.2% |
| Free Cash Flow | $132M | -$16M | -$6M | 917.7% | 2441.7% |
| Item | Amount |
|---|---|
| REVENUE | $455M |
| Cost of Revenue | $368M |
| GROSS PROFIT | $87M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $119M |
| Other Expenses | $0 |
| Operating Expenses | $119M |
| Cost & Expenses | $487M |
| OPERATING INCOME | -$32M |
| Interest Income | $19.0K |
| Interest Expense | $9M |
| Other Income/Expenses | -$39M |
| INCOME BEFORE TAX | -$70M |
| Income Tax Expense | $59M |
| Net Income from Continuing Ops | -$129M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$129M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$129M |
| D&A | $12M |
| EBIT | -$62M |
| EBITDA | -$50M |
| EPS | -$10 |
| EPS Diluted | -$10 |
| Item | Amount |
|---|---|
| Net Income | -$129M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $848.0K |
| Deferred Income Tax | $36M |
| Other Non-Cash Items | $56M |
| Change in Working Capital | $160M |
| OPERATING CASH FLOW | $135M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$58.0K |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$132M |
| Common Stock Repurchased | -$105.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$238.0K |
| NET CASH FROM FINANCING | -$132M |
| FREE CASH FLOW | $132M |
| Net Change in Cash | $117.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14M |
| Short-Term Investments | $0 |
| Net Receivables | $33M |
| Inventory | $362M |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $452M |
| PP&E (Net) | $300M |
| Goodwill | $0 |
| Intangible Assets | $41M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $348M |
| TOTAL ASSETS | $800M |
| Account Payables | $226M |
| Short-Term Debt | $296M |
| Deferred Revenue | $5M |
| Other Current Liabilities | $66M |
| TOTAL CURRENT LIABILITIES | $616M |
| Long-Term Debt | $50M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $25M |
| TOTAL NON-CURRENT LIABILITIES | $193M |
| TOTAL LIABILITIES | $809M |
| Common Stock | $1M |
| Additional Paid-In Capital | $141M |
| Retained Earnings | -$135M |
| Treasury Stock | -$3M |
| Accum. Other Comp. Income | -$14M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$9M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$9M |
| TOTAL LIABILITIES & EQUITY | $800M |
| Total Debt | $464M |
| Net Debt | $450M |
