| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $316M | $725M | $891M | -56.4% | -64.5% |
| Op. Income | -$238M | -$17M | -$5M | -1320.4% | -4501.6% |
| Gross Margin | -17.9% | 19.7% | 29.3% | -37.5pp | -47.2pp |
| Net Margin | -51.4% | -8.4% | 2.3% | -42.9pp | -53.7pp |
| EPS (Diluted) | $-2.85 | $-1.08 | $0.35 | -163.9% | -914.3% |
| Free Cash Flow | -$180M | -$6M | $67M | -2925.0% | -369.1% |
| Item | Amount |
|---|---|
| REVENUE | $316M |
| Cost of Revenue | $372M |
| GROSS PROFIT | -$56M |
| R&D Expenses | $75M |
| Selling & Marketing | $39M |
| General & Administrative | $35M |
| SG&A Expenses | $73M |
| Other Expenses | $33M |
| Operating Expenses | $181M |
| Cost & Expenses | $554M |
| OPERATING INCOME | -$238M |
| Interest Income | $22M |
| Interest Expense | $0 |
| Other Income/Expenses | $22M |
| INCOME BEFORE TAX | -$215M |
| Income Tax Expense | -$53M |
| Net Income from Continuing Ops | -$162M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$350.0K |
| NET INCOME | -$162M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$162M |
| D&A | $15M |
| EBIT | -$191M |
| EBITDA | -$176M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$162M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $35M |
| Deferred Income Tax | -$25M |
| Other Non-Cash Items | $13M |
| Change in Working Capital | -$16M |
| OPERATING CASH FLOW | -$140M |
| Capital Expenditure | -$40M |
| Acquisitions (Net) | $1M |
| Purchases of Investments | -$82M |
| Sales/Maturities of Investments | $86M |
| Other Investing Activities | -$45M |
| NET CASH FROM INVESTING | -$81M |
| Net Debt Issuance | -$800.0K |
| Common Stock Repurchased | $8.0K |
| Common Dividends Paid | -$6M |
| Other Financing Activities | $6M |
| NET CASH FROM FINANCING | -$651.0K |
| FREE CASH FLOW | -$180M |
| Net Change in Cash | -$213M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $338M |
| Short-Term Investments | $522M |
| Net Receivables | $781M |
| Inventory | $1.4B |
| Other Current Assets | $190M |
| TOTAL CURRENT ASSETS | $3.3B |
| PP&E (Net) | $679M |
| Goodwill | $43M |
| Intangible Assets | $35M |
| Long-Term Investments | $415M |
| Tax Assets | $81M |
| Other Non-Current Assets | $30M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $4.6B |
| Account Payables | $386M |
| Short-Term Debt | $0 |
| Deferred Revenue | $41M |
| Other Current Liabilities | $189M |
| TOTAL CURRENT LIABILITIES | $893M |
| Long-Term Debt | $627M |
| Deferred Revenue NC | $215M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $354M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $778M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$47M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $4.6B |
| Total Debt | $732M |
| Net Debt | $394M |
