| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $371M | $315M | $170M | 17.6% | 117.4% |
| Op. Income | -$484M | -$341M | -$489M | -42.1% | 1.1% |
| Gross Margin | -48.6% | -29.9% | -82.6% | -18.7pp | 34.0pp |
| Net Margin | -191.4% | -181.6% | -342.3% | -9.8pp | 151.0pp |
| EPS (Diluted) | $-0.30 | $-0.25 | $-0.25 | -22.6% | -20.9% |
| Free Cash Flow | -$506M | -$1.1B | -$577M | 53.9% | 12.3% |
| Item | Amount |
|---|---|
| REVENUE | $371M |
| Cost of Revenue | $551M |
| GROSS PROFIT | -$180M |
| R&D Expenses | $138M |
| Selling & Marketing | $62M |
| General & Administrative | $67M |
| SG&A Expenses | $129M |
| Other Expenses | $36M |
| Operating Expenses | $304M |
| Cost & Expenses | $855M |
| OPERATING INCOME | -$484M |
| Interest Income | $5M |
| Interest Expense | $133M |
| Other Income/Expenses | -$223M |
| INCOME BEFORE TAX | -$707M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$710M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$709M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$709M |
| D&A | $69M |
| EBIT | -$460M |
| EBITDA | -$390M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$592M |
| Depreciation & Amortization | $95M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $179M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$312M |
| Capital Expenditure | -$194M |
| Acquisitions (Net) | -$263.5K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $18M |
| NET CASH FROM INVESTING | -$176M |
| Net Debt Issuance | $249M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $274M |
| NET CASH FROM FINANCING | $523M |
| FREE CASH FLOW | -$506M |
| Net Change in Cash | $34M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $156M |
| Short-Term Investments | $156.7K |
| Net Receivables | $22M |
| Inventory | $1.2B |
| Other Current Assets | $408M |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $2.9B |
| Goodwill | $0 |
| Intangible Assets | $49M |
| Long-Term Investments | $84M |
| Tax Assets | -$3M |
| Other Non-Current Assets | $695M |
| TOTAL NON-CURRENT ASSETS | $3.7B |
| TOTAL ASSETS | $5.6B |
| Account Payables | $464M |
| Short-Term Debt | $3.3B |
| Deferred Revenue | $51M |
| Other Current Liabilities | $810M |
| TOTAL CURRENT LIABILITIES | $5.8B |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $65M |
| Deferred Tax Liabilities | $35M |
| Other Non-Current Liabilities | $754M |
| TOTAL NON-CURRENT LIABILITIES | $2.3B |
| TOTAL LIABILITIES | $8.1B |
| Common Stock | $376M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$7.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$19M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$5.5B |
| Minority Interest | $3.0B |
| TOTAL EQUITY | -$2.5B |
| TOTAL LIABILITIES & EQUITY | $5.6B |
| Total Debt | $4.8B |
| Net Debt | $4.7B |
