| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $273M | $321M | -$566M | -14.9% | 148.3% |
| Op. Income | -$71M | -$40M | -$217M | -76.7% | 67.1% |
| Gross Margin | 45.3% | 52.1% | 44.0% | -6.8pp | 1.3pp |
| Net Margin | -17.0% | -14.7% | -94.9% | -2.3pp | 77.9pp |
| EPS (Diluted) | $-4.91 | $-1.33 | $15.24 | -269.2% | -132.2% |
| Free Cash Flow | -$87M | $82M | -$190M | -206.9% | 54.2% |
| Item | Amount |
|---|---|
| REVENUE | $273M |
| Cost of Revenue | $150M |
| GROSS PROFIT | $124M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $107M |
| Other Expenses | $88M |
| Operating Expenses | $195M |
| Cost & Expenses | $345M |
| OPERATING INCOME | -$71M |
| Interest Income | $8M |
| Interest Expense | $27M |
| Other Income/Expenses | -$22M |
| INCOME BEFORE TAX | -$93M |
| Income Tax Expense | -$22M |
| Net Income from Continuing Ops | -$71M |
| Net Income from Discontinued Ops | $25M |
| Other Adjustments | $0 |
| NET INCOME | -$47M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$47M |
| D&A | $82M |
| EBIT | -$66M |
| EBITDA | $16M |
| EPS | -$5 |
| EPS Diluted | -$5 |
| Item | Amount |
|---|---|
| Net Income | -$47M |
| Depreciation & Amortization | $82M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | -$9M |
| Other Non-Cash Items | $16M |
| Change in Working Capital | -$129M |
| OPERATING CASH FLOW | -$72M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | -$10M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$15M |
| NET CASH FROM INVESTING | -$25M |
| Net Debt Issuance | -$22M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$23M |
| FREE CASH FLOW | -$87M |
| Net Change in Cash | -$121M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $560M |
| Short-Term Investments | $0 |
| Net Receivables | $241M |
| Inventory | $12M |
| Other Current Assets | $22M |
| TOTAL CURRENT ASSETS | $866M |
| PP&E (Net) | $3.3B |
| Goodwill | $470M |
| Intangible Assets | $32M |
| Long-Term Investments | $31M |
| Tax Assets | $0 |
| Other Non-Current Assets | $124M |
| TOTAL NON-CURRENT ASSETS | $3.9B |
| TOTAL ASSETS | $4.8B |
| Account Payables | $19M |
| Short-Term Debt | $849M |
| Deferred Revenue | $80M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $523M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $225M |
| Other Non-Current Liabilities | $123M |
| TOTAL NON-CURRENT LIABILITIES | $999M |
| TOTAL LIABILITIES | $2.4B |
| Common Stock | $354.0K |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | $11M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $4.8B |
| Total Debt | $1.5B |
| Net Debt | $959M |
