| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $244M | $370M | $268M | -34.1% | -8.7% |
| Op. Income | -$21M | -$8M | -$19M | -160.0% | -8.8% |
| Gross Margin | 30.2% | 26.8% | 29.9% | 3.4pp | 0.3pp |
| Net Margin | -7.4% | -2.4% | -5.8% | -5.0pp | -1.6pp |
| EPS (Diluted) | $-0.48 | $-0.23 | $-0.42 | -108.7% | -14.3% |
| Free Cash Flow | -$38M | $60M | -$60M | -163.1% | 36.5% |
| Item | Amount |
|---|---|
| REVENUE | $244M |
| Cost of Revenue | $170M |
| GROSS PROFIT | $74M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $94M |
| Other Expenses | $0 |
| Operating Expenses | $94M |
| Cost & Expenses | $265M |
| OPERATING INCOME | -$21M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$24M |
| Income Tax Expense | -$5M |
| Net Income from Continuing Ops | -$18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$18M |
| D&A | $10M |
| EBIT | -$21M |
| EBITDA | -$10M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$18M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | $42M |
| Change in Working Capital | -$20M |
| OPERATING CASH FLOW | -$35M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $24.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $24.0K |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $37M |
| Common Stock Repurchased | -$132.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$132.0K |
| NET CASH FROM FINANCING | $37M |
| FREE CASH FLOW | -$38M |
| Net Change in Cash | -$973.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $392M |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $415M |
| PP&E (Net) | $507M |
| Goodwill | $1M |
| Intangible Assets | $312.0K |
| Long-Term Investments | $0 |
| Tax Assets | $6M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $515M |
| TOTAL ASSETS | $930M |
| Account Payables | $70M |
| Short-Term Debt | $164M |
| Deferred Revenue | $36M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $368M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $315M |
| TOTAL LIABILITIES | $683M |
| Common Stock | $376.0K |
| Additional Paid-In Capital | $83M |
| Retained Earnings | $164M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $248M |
| Minority Interest | $0 |
| TOTAL EQUITY | $248M |
| TOTAL LIABILITIES & EQUITY | $930M |
| Total Debt | $528M |
| Net Debt | $526M |
