| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.7B | $1.6B | -8.7% | -1.7% |
| Op. Income | -$17M | $166.0K | $28M | -10209.6% | -160.8% |
| Gross Margin | 37.8% | 36.2% | 38.9% | 1.6pp | -1.0pp |
| Net Margin | -3.0% | -1.3% | -0.1% | -1.7pp | -2.9pp |
| EPS (Diluted) | $-0.17 | $-0.08 | $-0.01 | -102.4% | -1600.0% |
| Free Cash Flow | -$41M | -$2M | -$24M | -1909.5% | -68.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $950M |
| GROSS PROFIT | $579M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $595M |
| Other Expenses | $0 |
| Operating Expenses | $595M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | -$17M |
| Interest Income | $418.0K |
| Interest Expense | $37M |
| Other Income/Expenses | -$34M |
| INCOME BEFORE TAX | -$51M |
| Income Tax Expense | -$4M |
| Net Income from Continuing Ops | -$46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$46M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$46M |
| D&A | $50M |
| EBIT | -$19M |
| EBITDA | $31M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$46M |
| Depreciation & Amortization | $50M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $92M |
| Change in Working Capital | -$121M |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$33M |
| Acquisitions (Net) | -$100.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $998.0K |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$32M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$6M |
| FREE CASH FLOW | -$41M |
| Net Change in Cash | -$46M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $90M |
| Short-Term Investments | $0 |
| Net Receivables | $42M |
| Inventory | $681M |
| Other Current Assets | $26M |
| TOTAL CURRENT ASSETS | $904M |
| PP&E (Net) | $2.1B |
| Goodwill | $980M |
| Intangible Assets | $1.0B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $214M |
| TOTAL NON-CURRENT ASSETS | $4.4B |
| TOTAL ASSETS | $5.3B |
| Account Payables | $465M |
| Short-Term Debt | $4M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $1.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $241M |
| Other Non-Current Liabilities | $119M |
| TOTAL NON-CURRENT LIABILITIES | $3.0B |
| TOTAL LIABILITIES | $4.1B |
| Common Stock | $271.0K |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $5.3B |
| Total Debt | $3.0B |
| Net Debt | $2.9B |
