| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $238M | $227M | $448M | 4.6% | -47.0% |
| Op. Income | -$35M | -$38M | $112M | 7.4% | -131.4% |
| Gross Margin | 45.1% | 44.5% | 57.1% | 0.5pp | -12.0pp |
| Net Margin | -23.4% | -10.3% | 14.4% | -13.1pp | -37.8pp |
| EPS (Diluted) | $-1.43 | $-0.59 | $1.59 | -142.4% | -189.9% |
| Free Cash Flow | -$91M | $88M | $72M | -203.3% | -226.3% |
| Item | Amount |
|---|---|
| REVENUE | $238M |
| Cost of Revenue | $131M |
| GROSS PROFIT | $107M |
| R&D Expenses | $87M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $56M |
| Operating Expenses | $142M |
| Cost & Expenses | $273M |
| OPERATING INCOME | -$35M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | -$41M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | -$56M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$56M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$56M |
| D&A | $31M |
| EBIT | -$27M |
| EBITDA | $3M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$56M |
| Depreciation & Amortization | $31M |
| Stock-Based Compensation | $33M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $13M |
| Change in Working Capital | $26M |
| OPERATING CASH FLOW | $45M |
| Capital Expenditure | -$137M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$17M |
| Sales/Maturities of Investments | $3M |
| Other Investing Activities | -$130M |
| NET CASH FROM INVESTING | -$150M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$24M |
| NET CASH FROM FINANCING | -$18M |
| FREE CASH FLOW | -$91M |
| Net Change in Cash | -$123M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $801M |
| Short-Term Investments | $23M |
| Net Receivables | $119M |
| Inventory | $132M |
| Other Current Assets | $33M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $115M |
| Goodwill | $816M |
| Intangible Assets | $289M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $220M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $2.5B |
| Account Payables | $64M |
| Short-Term Debt | $6M |
| Deferred Revenue | $56M |
| Other Current Liabilities | $24M |
| TOTAL CURRENT LIABILITIES | $246M |
| Long-Term Debt | $970M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $35M |
| Other Non-Current Liabilities | $53M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | $1.1B |
| Treasury Stock | -$878M |
| Accum. Other Comp. Income | $100.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $1.0B |
| Net Debt | $224M |
