| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $201M | $201M | — | 0.0% | — |
| Op. Income | -$119M | -$86M | — | -38.7% | — |
| Gross Margin | 1.1% | 11.1% | — | -10.0pp | — |
| Net Margin | -87.1% | -74.2% | — | -13.0pp | — |
| EPS (Diluted) | $-4.17 | $-3.54 | — | -17.8% | — |
| Free Cash Flow | -$884M | -$714M | — | -23.8% | — |
| Item | Amount |
|---|---|
| REVENUE | $201M |
| Cost of Revenue | $199M |
| GROSS PROFIT | $2M |
| R&D Expenses | $60M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $62M |
| Other Expenses | $0 |
| Operating Expenses | $122M |
| Cost & Expenses | $320M |
| OPERATING INCOME | -$119M |
| Interest Income | $26M |
| Interest Expense | $61M |
| Other Income/Expenses | -$55M |
| INCOME BEFORE TAX | -$174M |
| Income Tax Expense | $500.0K |
| Net Income from Continuing Ops | -$175M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$175M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$175M |
| D&A | $45M |
| EBIT | -$119M |
| EBITDA | -$74M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$175M |
| Depreciation & Amortization | $45M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $100.0K |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$121M |
| OPERATING CASH FLOW | -$240M |
| Capital Expenditure | -$644M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$113M |
| Sales/Maturities of Investments | $390M |
| Other Investing Activities | $100.0K |
| NET CASH FROM INVESTING | -$369M |
| Net Debt Issuance | $500M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$500.0K |
| NET CASH FROM FINANCING | $512M |
| FREE CASH FLOW | -$884M |
| Net Change in Cash | -$97M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.0B |
| Short-Term Investments | $1.1B |
| Net Receivables | $290M |
| Inventory | $461M |
| Other Current Assets | $17M |
| TOTAL CURRENT ASSETS | $3.0B |
| PP&E (Net) | $3.8B |
| Goodwill | $359M |
| Intangible Assets | $24M |
| Long-Term Investments | $82M |
| Tax Assets | $1M |
| Other Non-Current Assets | $768M |
| TOTAL NON-CURRENT ASSETS | $5.0B |
| TOTAL ASSETS | $8.0B |
| Account Payables | $53M |
| Short-Term Debt | $7M |
| Deferred Revenue | $62M |
| Other Current Liabilities | $477M |
| TOTAL CURRENT LIABILITIES | $665M |
| Long-Term Debt | $6.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $11M |
| Other Non-Current Liabilities | $28M |
| TOTAL NON-CURRENT LIABILITIES | $6.4B |
| TOTAL LIABILITIES | $7.1B |
| Common Stock | $200.0K |
| Additional Paid-In Capital | $3.8B |
| Retained Earnings | -$2.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$12M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $882M |
| Minority Interest | $0 |
| TOTAL EQUITY | $882M |
| TOTAL LIABILITIES & EQUITY | $8.0B |
| Total Debt | $6.4B |
| Net Debt | $5.4B |
