| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $633M | $743M | $1.2B | -14.9% | -45.7% |
| Op. Income | -$189M | $9M | $271M | -2265.0% | -169.8% |
| Gross Margin | 18.1% | 36.1% | 48.9% | -17.9pp | -30.8pp |
| Net Margin | -21.9% | -2.1% | 18.2% | -19.7pp | -40.1pp |
| EPS (Diluted) | $-1.39 | $-0.16 | $1.95 | -768.8% | -171.3% |
| Free Cash Flow | $31M | $203M | $295M | -84.6% | -89.4% |
| Item | Amount |
|---|---|
| REVENUE | $633M |
| Cost of Revenue | $518M |
| GROSS PROFIT | $115M |
| R&D Expenses | $164M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $83M |
| Other Expenses | $57M |
| Operating Expenses | $304M |
| Cost & Expenses | $822M |
| OPERATING INCOME | -$189M |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | -$199M |
| Income Tax Expense | -$61M |
| Net Income from Continuing Ops | -$138M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$138M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$138M |
| D&A | $84M |
| EBIT | -$182M |
| EBITDA | -$98M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$138M |
| Depreciation & Amortization | $84M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | -$64M |
| Other Non-Cash Items | $169M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $65M |
| Capital Expenditure | -$34M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$36M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$150M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$139M |
| FREE CASH FLOW | $31M |
| Net Change in Cash | -$110M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $809M |
| Short-Term Investments | $0 |
| Net Receivables | $331M |
| Inventory | $797M |
| Other Current Assets | $47M |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $1.1B |
| Goodwill | $2.8B |
| Intangible Assets | $538M |
| Long-Term Investments | $20M |
| Tax Assets | $0 |
| Other Non-Current Assets | $193M |
| TOTAL NON-CURRENT ASSETS | $4.7B |
| TOTAL ASSETS | $6.7B |
| Account Payables | $211M |
| Short-Term Debt | $310.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $122M |
| TOTAL CURRENT LIABILITIES | $556M |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $185M |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $2.8B |
| Common Stock | $3.8B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $84M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.9B |
| TOTAL LIABILITIES & EQUITY | $6.7B |
| Total Debt | $2.0B |
| Net Debt | $1.2B |
