| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $222M | $299M | $136M | -25.9% | 62.6% |
| Op. Income | -$36M | $34M | -$122M | -205.7% | 70.7% |
| Gross Margin | 38.3% | 52.7% | 21.5% | -14.5pp | 16.8pp |
| Net Margin | -21.6% | 3.1% | -78.4% | -24.7pp | 56.8pp |
| EPS (Diluted) | $-0.29 | $0.06 | $-0.64 | -625.4% | 54.7% |
| Free Cash Flow | -$9M | $60M | -$57M | -114.6% | 84.4% |
| Item | Amount |
|---|---|
| REVENUE | $222M |
| Cost of Revenue | $137M |
| GROSS PROFIT | $85M |
| R&D Expenses | $7M |
| Selling & Marketing | $64M |
| General & Administrative | $50M |
| SG&A Expenses | $113M |
| Other Expenses | $0 |
| Operating Expenses | $121M |
| Cost & Expenses | $257M |
| OPERATING INCOME | -$36M |
| Interest Income | $0 |
| Interest Expense | $22M |
| Other Income/Expenses | -$22M |
| INCOME BEFORE TAX | -$57M |
| Income Tax Expense | -$10M |
| Net Income from Continuing Ops | -$48M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$48M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$48M |
| D&A | $7M |
| EBIT | -$36M |
| EBITDA | -$29M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$48M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$10M |
| Other Non-Cash Items | $25M |
| Change in Working Capital | $17M |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$35.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$50.0K |
| NET CASH FROM FINANCING | -$85.0K |
| FREE CASH FLOW | -$9M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $83M |
| Short-Term Investments | $0 |
| Net Receivables | $267M |
| Inventory | $6M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $363M |
| PP&E (Net) | $51M |
| Goodwill | $29M |
| Intangible Assets | $25M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $751M |
| TOTAL NON-CURRENT ASSETS | $856M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $28M |
| Short-Term Debt | $34M |
| Deferred Revenue | $3M |
| Other Current Liabilities | $51M |
| TOTAL CURRENT LIABILITIES | $137M |
| Long-Term Debt | $665M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $40M |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $735M |
| TOTAL LIABILITIES | $872M |
| Common Stock | $2M |
| Additional Paid-In Capital | $567M |
| Retained Earnings | -$236M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $14M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $347M |
| Minority Interest | $0 |
| TOTAL EQUITY | $347M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $732M |
| Net Debt | $649M |
