| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $204M | $316M | $944M | -35.3% | -78.3% |
| Op. Income | -$163M | -$238M | $144M | 31.4% | -213.1% |
| Gross Margin | -10.2% | -17.9% | 31.8% | 7.6pp | -42.0pp |
| Net Margin | -77.0% | -51.4% | 14.7% | -25.6pp | -91.6pp |
| EPS (Diluted) | $-2.75 | $-2.85 | $2.35 | 3.5% | -217.0% |
| Free Cash Flow | -$243M | -$180M | -$30M | -34.9% | -700.2% |
| Item | Amount |
|---|---|
| REVENUE | $204M |
| Cost of Revenue | $225M |
| GROSS PROFIT | -$21M |
| R&D Expenses | $75M |
| Selling & Marketing | $38M |
| General & Administrative | $31M |
| SG&A Expenses | $69M |
| Other Expenses | -$2M |
| Operating Expenses | $142M |
| Cost & Expenses | $367M |
| OPERATING INCOME | -$163M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | -$181M |
| Income Tax Expense | -$24M |
| Net Income from Continuing Ops | -$157M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$296.0K |
| NET INCOME | -$157M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$157M |
| D&A | $15M |
| EBIT | -$173M |
| EBITDA | -$158M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$157M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $38M |
| Deferred Income Tax | -$42M |
| Other Non-Cash Items | $12M |
| Change in Working Capital | -$83M |
| OPERATING CASH FLOW | -$217M |
| Capital Expenditure | -$26M |
| Acquisitions (Net) | -$9M |
| Purchases of Investments | -$138M |
| Sales/Maturities of Investments | $320M |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | $149M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$50M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$987.0K |
| NET CASH FROM FINANCING | -$51M |
| FREE CASH FLOW | -$243M |
| Net Change in Cash | -$124M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $214M |
| Short-Term Investments | $466M |
| Net Receivables | $526M |
| Inventory | $1.5B |
| Other Current Assets | $233M |
| TOTAL CURRENT ASSETS | $3.0B |
| PP&E (Net) | $665M |
| Goodwill | $41M |
| Intangible Assets | $33M |
| Long-Term Investments | $284M |
| Tax Assets | $123M |
| Other Non-Current Assets | $32M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $4.2B |
| Account Payables | $171M |
| Short-Term Debt | $0 |
| Deferred Revenue | $36M |
| Other Current Liabilities | $184M |
| TOTAL CURRENT LIABILITIES | $659M |
| Long-Term Debt | $628M |
| Deferred Revenue NC | $219M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $339M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $621M |
| Treasury Stock | -$33M |
| Accum. Other Comp. Income | -$67M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $4.2B |
| Total Debt | $730M |
| Net Debt | $515M |
