| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $249M | $371M | $75M | -32.8% | 232.1% |
| Op. Income | -$383M | -$484M | -$419M | 20.9% | 8.7% |
| Gross Margin | -58.7% | -48.6% | -172.0% | -10.0pp | 113.3pp |
| Net Margin | -225.6% | -191.4% | -728.4% | -34.2pp | 502.8pp |
| EPS (Diluted) | $-0.24 | $-0.30 | $-0.23 | 20.9% | -2.8% |
| Free Cash Flow | -$657M | -$506M | -$1.0B | -29.9% | 35.7% |
| Item | Amount |
|---|---|
| REVENUE | $249M |
| Cost of Revenue | $395M |
| GROSS PROFIT | -$146M |
| R&D Expenses | $100M |
| Selling & Marketing | $65M |
| General & Administrative | $51M |
| SG&A Expenses | $117M |
| Other Expenses | $20M |
| Operating Expenses | $237M |
| Cost & Expenses | $632M |
| OPERATING INCOME | -$383M |
| Interest Income | $1M |
| Interest Expense | $159M |
| Other Income/Expenses | -$181M |
| INCOME BEFORE TAX | -$564M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | -$563M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$562M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$562M |
| D&A | $80M |
| EBIT | -$383M |
| EBITDA | -$303M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$567M |
| Depreciation & Amortization | $80M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $181M |
| Change in Working Capital | -$169M |
| OPERATING CASH FLOW | -$474M |
| Capital Expenditure | -$184M |
| Acquisitions (Net) | -$391.4K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $20M |
| NET CASH FROM INVESTING | -$164M |
| Net Debt Issuance | $589M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $592M |
| FREE CASH FLOW | -$657M |
| Net Change in Cash | -$43M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $113M |
| Short-Term Investments | $156.8K |
| Net Receivables | $472M |
| Inventory | $1.0B |
| Other Current Assets | $27M |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $3.4B |
| Goodwill | $0 |
| Intangible Assets | $50M |
| Long-Term Investments | $82M |
| Tax Assets | $39M |
| Other Non-Current Assets | $235M |
| TOTAL NON-CURRENT ASSETS | $3.8B |
| TOTAL ASSETS | $5.6B |
| Account Payables | $294M |
| Short-Term Debt | $1.9B |
| Deferred Revenue | $31M |
| Other Current Liabilities | $1.3B |
| TOTAL CURRENT LIABILITIES | $6.1B |
| Long-Term Debt | $946M |
| Deferred Revenue NC | $67M |
| Deferred Tax Liabilities | $38M |
| Other Non-Current Liabilities | $1.3B |
| TOTAL NON-CURRENT LIABILITIES | $2.5B |
| TOTAL LIABILITIES | $8.6B |
| Common Stock | $377M |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$7.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$13M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$6.0B |
| Minority Interest | $3.0B |
| TOTAL EQUITY | -$3.1B |
| TOTAL LIABILITIES & EQUITY | $5.6B |
| Total Debt | $3.1B |
| Net Debt | $3.0B |
