| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $248M | $198M | $193M | 25.3% | 28.4% |
| Op. Income | -$121M | -$1.6B | -$589M | 92.6% | 79.4% |
| Gross Margin | 36.5% | -8.0% | -4.4% | 44.5pp | 40.9pp |
| Net Margin | -75.3% | -804.3% | -311.8% | 729.0pp | 236.5pp |
| EPS (Diluted) | $-2.02 | $-25.90 | $-11.30 | 92.2% | 82.1% |
| Free Cash Flow | $41M | -$26M | -$34M | 257.5% | 220.9% |
| Item | Amount |
|---|---|
| REVENUE | $248M |
| Cost of Revenue | $158M |
| GROSS PROFIT | $90M |
| R&D Expenses | $242.5K |
| Selling & Marketing | $23M |
| General & Administrative | $64M |
| SG&A Expenses | $87M |
| Other Expenses | $124M |
| Operating Expenses | $212M |
| Cost & Expenses | $369M |
| OPERATING INCOME | -$121M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | -$29M |
| INCOME BEFORE TAX | -$150M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | -$161M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$187M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$187M |
| D&A | $39M |
| EBIT | -$99M |
| EBITDA | -$60M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$187M |
| Depreciation & Amortization | $39M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $153M |
| Change in Working Capital | $56M |
| OPERATING CASH FLOW | $58M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $5M |
| Purchases of Investments | $818.9K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | $8M |
| Common Stock Repurchased | -$4.4K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4.1K |
| NET CASH FROM FINANCING | $9M |
| FREE CASH FLOW | $41M |
| Net Change in Cash | $56M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $278M |
| Short-Term Investments | $326M |
| Net Receivables | $116M |
| Inventory | $270M |
| Other Current Assets | $51M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $587M |
| Goodwill | $2.7B |
| Intangible Assets | $1.3B |
| Long-Term Investments | $156M |
| Tax Assets | $122M |
| Other Non-Current Assets | $299.0K |
| TOTAL NON-CURRENT ASSETS | $4.9B |
| TOTAL ASSETS | $5.9B |
| Account Payables | $95M |
| Short-Term Debt | $302M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $140M |
| TOTAL CURRENT LIABILITIES | $583M |
| Long-Term Debt | $482M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $347M |
| Other Non-Current Liabilities | $15M |
| TOTAL NON-CURRENT LIABILITIES | $855M |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $88.9K |
| Additional Paid-In Capital | $7.8B |
| Retained Earnings | -$3.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$63M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.5B |
| Minority Interest | $19M |
| TOTAL EQUITY | $4.5B |
| TOTAL LIABILITIES & EQUITY | $5.9B |
| Total Debt | $795M |
| Net Debt | $517M |
