| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $711M | $743M | $846M | -4.3% | -16.0% |
| Op. Income | -$1.8B | $40M | $100M | -4484.0% | -1865.1% |
| Gross Margin | 46.7% | 51.3% | 53.0% | -4.6pp | -6.3pp |
| Net Margin | -239.9% | 0.9% | 5.8% | -240.9pp | -245.7pp |
| EPS (Diluted) | $-25.50 | $0.10 | $0.73 | -25600.0% | -3593.2% |
| Free Cash Flow | -$67M | $32M | $123M | -310.1% | -154.4% |
| Item | Amount |
|---|---|
| REVENUE | $711M |
| Cost of Revenue | $379M |
| GROSS PROFIT | $332M |
| R&D Expenses | $59M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $205M |
| Other Expenses | $1.8B |
| Operating Expenses | $2.1B |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | -$1.8B |
| Interest Income | $0 |
| Interest Expense | $32M |
| Other Income/Expenses | -$41M |
| INCOME BEFORE TAX | -$1.8B |
| Income Tax Expense | -$93M |
| Net Income from Continuing Ops | -$1.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1.7B |
| D&A | $115M |
| EBIT | -$1.8B |
| EBITDA | -$1.6B |
| EPS | -$26 |
| EPS Diluted | -$26 |
| Item | Amount |
|---|---|
| Net Income | -$1.7B |
| Depreciation & Amortization | $115M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | -$74M |
| Other Non-Cash Items | $1.7B |
| Change in Working Capital | -$86M |
| OPERATING CASH FLOW | -$700.0K |
| Capital Expenditure | -$66M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$7M |
| Sales/Maturities of Investments | $63M |
| Other Investing Activities | -$10M |
| NET CASH FROM INVESTING | -$20M |
| Net Debt Issuance | -$13M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | -$19M |
| FREE CASH FLOW | -$67M |
| Net Change in Cash | -$40M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $79M |
| Short-Term Investments | $0 |
| Net Receivables | $476M |
| Inventory | $583M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $1.6B |
| Goodwill | $735M |
| Intangible Assets | $2.9B |
| Long-Term Investments | $500.0K |
| Tax Assets | $25M |
| Other Non-Current Assets | $222M |
| TOTAL NON-CURRENT ASSETS | $5.5B |
| TOTAL ASSETS | $6.7B |
| Account Payables | $250M |
| Short-Term Debt | $161M |
| Deferred Revenue | $34M |
| Other Current Liabilities | $98M |
| TOTAL CURRENT LIABILITIES | $780M |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $14M |
| Deferred Tax Liabilities | $126M |
| Other Non-Current Liabilities | $53M |
| TOTAL NON-CURRENT LIABILITIES | $2.6B |
| TOTAL LIABILITIES | $3.4B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $2.9B |
| Retained Earnings | $482M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$26M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $6.7B |
| Total Debt | $2.6B |
| Net Debt | $2.5B |
