| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $788M | $700M | $885M | 12.5% | -11.0% |
| Op. Income | $34M | $25M | $41M | 37.3% | -16.8% |
| Gross Margin | 15.7% | 15.3% | 16.1% | 0.4pp | -0.4pp |
| Net Margin | -2.8% | -0.4% | -1.0% | -2.4pp | -1.8pp |
| EPS (Diluted) | $-0.47 | $-0.06 | $-0.18 | -736.3% | -161.1% |
| Free Cash Flow | $95M | $27M | $174M | 259.2% | -45.3% |
| Item | Amount |
|---|---|
| REVENUE | $788M |
| Cost of Revenue | $664M |
| GROSS PROFIT | $124M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $90M |
| Other Expenses | $0 |
| Operating Expenses | $90M |
| Cost & Expenses | $754M |
| OPERATING INCOME | $34M |
| Interest Income | $0 |
| Interest Expense | $19M |
| Other Income/Expenses | -$49M |
| INCOME BEFORE TAX | -$15M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | -$22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$22M |
| D&A | $31M |
| EBIT | $2M |
| EBITDA | $33M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$22M |
| Depreciation & Amortization | $31M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | -$500.0K |
| Change in Working Capital | $101M |
| OPERATING CASH FLOW | $107M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $22M |
| Purchases of Investments | -$600.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $600.0K |
| NET CASH FROM INVESTING | $11M |
| Net Debt Issuance | -$73M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$100.0K |
| NET CASH FROM FINANCING | -$76M |
| FREE CASH FLOW | $95M |
| Net Change in Cash | $42M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $53M |
| Short-Term Investments | $0 |
| Net Receivables | $316M |
| Inventory | $179M |
| Other Current Assets | $40M |
| TOTAL CURRENT ASSETS | $588M |
| PP&E (Net) | $717M |
| Goodwill | $103M |
| Intangible Assets | $22M |
| Long-Term Investments | $0 |
| Tax Assets | $12M |
| Other Non-Current Assets | $68M |
| TOTAL NON-CURRENT ASSETS | $922M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $374M |
| Short-Term Debt | $180M |
| Deferred Revenue | $36M |
| Other Current Liabilities | $173M |
| TOTAL CURRENT LIABILITIES | $791M |
| Long-Term Debt | $363M |
| Deferred Revenue NC | $900.0K |
| Deferred Tax Liabilities | $5M |
| Other Non-Current Liabilities | $148M |
| TOTAL NON-CURRENT LIABILITIES | $599M |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $1M |
| Additional Paid-In Capital | $843M |
| Retained Earnings | -$574M |
| Treasury Stock | -$33M |
| Accum. Other Comp. Income | -$118M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $120M |
| Minority Interest | $0 |
| TOTAL EQUITY | $120M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $653M |
| Net Debt | $600M |
