| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.2B | $1.2B | -6.5% | -8.4% |
| Op. Income | -$55M | -$16M | $49M | -253.8% | -213.8% |
| Gross Margin | 33.1% | 36.9% | 35.0% | -3.9pp | -2.0pp |
| Net Margin | 0.2% | -2.8% | -0.3% | 3.0pp | 0.4pp |
| EPS (Diluted) | $0.01 | $-0.24 | $-0.01 | 104.2% | 222.0% |
| Free Cash Flow | -$27M | $182M | -$4M | -114.6% | -597.4% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $724M |
| GROSS PROFIT | $358M |
| R&D Expenses | $29M |
| Selling & Marketing | $175M |
| General & Administrative | $130M |
| SG&A Expenses | $306M |
| Other Expenses | $78M |
| Operating Expenses | $413M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | -$55M |
| Interest Income | $0 |
| Interest Expense | $43M |
| Other Income/Expenses | -$43M |
| INCOME BEFORE TAX | -$99M |
| Income Tax Expense | -$103M |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | -$2M |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $81M |
| EBIT | -$56M |
| EBITDA | $26M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $81M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | -$11M |
| Other Non-Cash Items | $37M |
| Change in Working Capital | -$127M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$25M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$24M |
| Net Debt Issuance | -$10M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$38M |
| Other Financing Activities | -$13M |
| NET CASH FROM FINANCING | -$60M |
| FREE CASH FLOW | -$27M |
| Net Change in Cash | -$93M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $652M |
| Short-Term Investments | $0 |
| Net Receivables | $780M |
| Inventory | $1.1B |
| Other Current Assets | $254M |
| TOTAL CURRENT ASSETS | $2.8B |
| PP&E (Net) | $1.1B |
| Goodwill | $3.5B |
| Intangible Assets | $2.9B |
| Long-Term Investments | $0 |
| Tax Assets | $28M |
| Other Non-Current Assets | $349M |
| TOTAL NON-CURRENT ASSETS | $7.8B |
| TOTAL ASSETS | $10.6B |
| Account Payables | $454M |
| Short-Term Debt | $441M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $3.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $248M |
| Other Non-Current Liabilities | $526M |
| TOTAL NON-CURRENT LIABILITIES | $4.4B |
| TOTAL LIABILITIES | $6.0B |
| Common Stock | $6.8B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$2.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$38M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.7B |
| TOTAL LIABILITIES & EQUITY | $10.6B |
| Total Debt | $4.1B |
| Net Debt | $3.4B |
