| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $957M | $1.9B | $589M | -49.8% | 62.3% |
| Op. Income | -$241M | -$300M | -$378M | 19.8% | 36.3% |
| Gross Margin | 12.9% | 6.2% | 1.7% | 6.7pp | 11.2pp |
| Net Margin | -20.9% | -10.3% | -58.0% | -10.6pp | 37.1pp |
| EPS (Diluted) | $-0.21 | $-0.21 | $-0.40 | 0.0% | 47.1% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $957M |
| Cost of Revenue | $833M |
| GROSS PROFIT | $123M |
| R&D Expenses | $197M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $203M |
| Other Expenses | -$36M |
| Operating Expenses | $364M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | -$241M |
| Interest Income | $58M |
| Interest Expense | $12M |
| Other Income/Expenses | $41M |
| INCOME BEFORE TAX | -$200M |
| Income Tax Expense | $154.9K |
| Net Income from Continuing Ops | -$200M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$200M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$200M |
| D&A | $0 |
| EBIT | -$186M |
| EBITDA | -$186M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$200M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $200M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.1B |
| Short-Term Investments | $2.8B |
| Net Receivables | $584M |
| Inventory | $897M |
| Other Current Assets | $953M |
| TOTAL CURRENT ASSETS | $7.3B |
| PP&E (Net) | $1.8B |
| Goodwill | $0 |
| Intangible Assets | $1.1B |
| Long-Term Investments | $301M |
| Tax Assets | $963M |
| Other Non-Current Assets | $199M |
| TOTAL NON-CURRENT ASSETS | $4.3B |
| TOTAL ASSETS | $11.7B |
| Account Payables | $2.9B |
| Short-Term Debt | $903M |
| Deferred Revenue | $81M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $4.9B |
| Long-Term Debt | $794M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $536M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $6.5B |
| Common Stock | $18.1K |
| Additional Paid-In Capital | $10.3B |
| Retained Earnings | -$5.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $281M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.1B |
| TOTAL LIABILITIES & EQUITY | $11.7B |
| Total Debt | $2.1B |
| Net Debt | -$57M |
