| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $642M | $749M | — | -14.2% | — |
| Op. Income | -$226M | -$266M | — | 15.1% | — |
| Gross Margin | 31.3% | 36.1% | — | -4.8pp | — |
| Net Margin | -37.7% | -36.8% | — | -0.8pp | — |
| EPS (Diluted) | $-0.68 | $-0.79 | — | 13.9% | — |
| Free Cash Flow | -$74M | -$55M | — | -33.8% | — |
| Item | Amount |
|---|---|
| REVENUE | $642M |
| Cost of Revenue | $441M |
| GROSS PROFIT | $201M |
| R&D Expenses | $72M |
| Selling & Marketing | $138M |
| General & Administrative | $163M |
| SG&A Expenses | $301M |
| Other Expenses | $54M |
| Operating Expenses | $427M |
| Cost & Expenses | $868M |
| OPERATING INCOME | -$226M |
| Interest Income | $9M |
| Interest Expense | $27M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | -$242M |
| Income Tax Expense | $200.0K |
| Net Income from Continuing Ops | -$242M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$242M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$242M |
| D&A | $31M |
| EBIT | -$214M |
| EBITDA | -$183M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$242M |
| Depreciation & Amortization | $31M |
| Stock-Based Compensation | $71M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $52M |
| Change in Working Capital | $32M |
| OPERATING CASH FLOW | -$55M |
| Capital Expenditure | -$19M |
| Acquisitions (Net) | $100.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$19M |
| Net Debt Issuance | $100.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | -$74M |
| Net Change in Cash | -$60M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $814M |
| Short-Term Investments | $0 |
| Net Receivables | $97M |
| Inventory | $523M |
| Other Current Assets | $205M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $969M |
| Goodwill | $41M |
| Intangible Assets | $26M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $94M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $2.8B |
| Account Payables | $77M |
| Short-Term Debt | $8M |
| Deferred Revenue | $187M |
| Other Current Liabilities | $87M |
| TOTAL CURRENT LIABILITIES | $761M |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $30M |
| TOTAL NON-CURRENT LIABILITIES | $2.3B |
| TOTAL LIABILITIES | $3.1B |
| Common Stock | $0 |
| Additional Paid-In Capital | $4.6B |
| Retained Earnings | -$4.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $17M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$295M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$295M |
| TOTAL LIABILITIES & EQUITY | $2.8B |
| Total Debt | $2.4B |
| Net Debt | $1.5B |
