| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $103M | $115M | $119M | -10.4% | -13.1% |
| Op. Income | $2M | $6M | -$11M | -75.2% | 114.7% |
| Gross Margin | 11.5% | 16.6% | 3.2% | -5.1pp | 8.2pp |
| Net Margin | -108.4% | -21.6% | -48.7% | -86.8pp | -59.7pp |
| EPS (Diluted) | $-40.63 | $-9.04 | $-21.20 | -349.4% | -91.7% |
| Free Cash Flow | -$14M | $11M | -$15M | -221.2% | 7.5% |
| Item | Amount |
|---|---|
| REVENUE | $103M |
| Cost of Revenue | $91M |
| GROSS PROFIT | $12M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $10M |
| Other Expenses | $760.0K |
| Operating Expenses | $10M |
| Cost & Expenses | $102M |
| OPERATING INCOME | $2M |
| Interest Income | $17.0K |
| Interest Expense | $7M |
| Other Income/Expenses | -$118M |
| INCOME BEFORE TAX | -$116M |
| Income Tax Expense | -$4M |
| Net Income from Continuing Ops | -$112M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$112M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$112M |
| D&A | $8M |
| EBIT | $2M |
| EBITDA | $10M |
| EPS | -$41 |
| EPS Diluted | -$41 |
| Item | Amount |
|---|---|
| Net Income | -$112M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | $112M |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | -$12M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $118M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $214.0K |
| NET CASH FROM INVESTING | $116M |
| Net Debt Issuance | -$80M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$80M |
| FREE CASH FLOW | -$14M |
| Net Change in Cash | $24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $43M |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $29M |
| Other Current Assets | $83M |
| TOTAL CURRENT ASSETS | $161M |
| PP&E (Net) | $210M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $6M |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $223M |
| TOTAL ASSETS | $384M |
| Account Payables | $61M |
| Short-Term Debt | $145M |
| Deferred Revenue | $5M |
| Other Current Liabilities | $27M |
| TOTAL CURRENT LIABILITIES | $253M |
| Long-Term Debt | $84M |
| Deferred Revenue NC | $12M |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $27M |
| TOTAL NON-CURRENT LIABILITIES | $132M |
| TOTAL LIABILITIES | $385M |
| Common Stock | $273M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$274M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$1M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$1M |
| TOTAL LIABILITIES & EQUITY | $384M |
| Total Debt | $235M |
| Net Debt | $192M |
