| Income Statement | | | | | | | | | | |
| | | | | | | Original | | | |
| USD | Fiscal Year Ending | | Latest | | Year-to-date Ending |
| (in millions) | Dec-19 | Dec-20 | Dec-21 | Dec-22 | Dec-23 | | Sep-24 | | Sep-23 | Sep-24 |
| FY - 4 | FY - 3 | FY - 2 | FY - 1 | FY | | LTM | | YTD-1 | YTD |
| | | | | | | | | | |
| Revenue | 22 | 24 | 52 | 118 | 156 | | 139 | | 104 | 87 |
| % Growth | NA | 6.7% | 119.5% | 124.5% | 33.0% | | | | | -16.3% |
| | | | | | | | | | |
| Cost of Revenue | (23) | (14) | (24) | (67) | (125) | | (113) | | (80) | (67) |
| Gross Profit | (1) | 10 | 29 | 51 | 31 | | 27 | | 24 | 20 |
| % Revenue | -4.2% | 39.9% | 54.5% | 43.1% | 19.9% | | 19.3% | | 23.1% | 22.8% |
| | | | | | | | | | |
| Research and Development | (2) | (2) | (2) | (3) | (7) | | (9) | | (3) | (5) |
| Selling and Marketing | (1) | (1) | (8) | (29) | (34) | | (21) | | (25) | (13) |
| General and Admin | (16) | (13) | (37) | (60) | (78) | | (58) | | (53) | (34) |
| Other Inc / (Exp) | (7) | (15) | (3) | (112) | (121) | | (85) | | (46) | (10) |
| Total Operating Exp | (26) | (30) | (50) | (204) | (239) | | (173) | | (127) | (61) |
| | | | | | | | | | |
| Operating Income | (27) | (21) | (21) | (153) | (208) | | (146) | | (103) | (41) |
| % Revenue | -120.3% | -86.1% | -40.9% | -130.3% | -133.1% | | -104.7% | | -98.8% | -46.7% |
| | | | | | | | | | |
| Interest Expense | (4) | (10) | (1) | (35) | (32) | | (17) | | (32) | (17) |
| Pre-tax Income | (31) | (30) | (23) | (188) | (240) | | (163) | | (135) | (57) |
| Earnings of Discontinued Ops. | (2) | 1 | 0 | (6) | (16) | | (12) | | (5) | (1) |
| Provision for Taxes | 0 | 0 | (0) | 4 | (0) | | 0 | | (1) | (0) |
| Net Income to Company | (33) | (29) | (23) | (190) | (256) | | (175) | | (140) | (58) |
| % Margin | -147.3% | -123.2% | -44.0% | -161.4% | -163.8% | | -125.3% | | -134.1% | -66.8% |
| | | | | | | | | | |
| Minority Interest in Earnings | 0 | 0 | (0) | 8 | 25 | | 19 | | 9 | 2 |
| Net Income to Stockholders | (33) | (29) | (23) | (182) | (231) | | (156) | | (131) | (56) |
| | | | | | | | | | |
| Preferred Dividends | 0 | 0 | 0 | 0 | 1 | | 4 | | 1 | 4 |
| Other Adj. | 2 | (1) | (0) | 5 | 13 | | 3 | | 3 | (7) |
| | | | | | | | | | |
| Net Income to Common | (31) | (30) | (23) | (176) | (217) | | (148) | | (127) | (59) |
| % Margin | -137.2% | -126.0% | -44.4% | -149.9% | -138.5% | | -106.3% | | -122.2% | -67.5% |
| | | | | | | | | | |
| As Reported | | | | | | | | | | |
| Basic EPS (Continuing Ops) | 0.00 | 0.00 | 0.00 | 0.00 | (10,712.20) | | (10,783.48) | | 0.00 | (71.28) |
| Diluted EPS (Continuing Ops) | 0.00 | 0.00 | 0.00 | 0.00 | (10,712.20) | | (10,783.48) | | 0.00 | (71.28) |
| | | | | | | | | | |
| WA Basic Shares Out. | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | | 0.85 | | 0.00 | 0.83 |
| WA Diluted Shares Out. | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | | 0.85 | | 0.00 | 0.83 |
| | | | | | | | | | |
| EBITDA, EBIT Reconciliation | | | | | | | | | | |
| EBT, Incl. Unusual Items | (31) | (30) | (23) | (188) | (240) | | (163) | | (135) | (57) |
| Addback: Net Interest Expense | 4 | 10 | 1 | 35 | 32 | | 17 | | 32 | 17 |
| Addback: Other Non Operating Expenses, Total | 1 | 0 | (4) | 3 | 34 | | 37 | | (3) | 0 |
| Addback: Depreciation & Amortization | 3 | 1 | 3 | 15 | 27 | | 24 | | 22 | 20 |
| Addback: Restructuring Charges | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
| Addback: Merger / Acquisition Expenses | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
| Addback: Goodwill Impairment | 0 | 0 | 0 | 13 | 21 | | 21 | | 0 | 0 |
| Addback: Gain (Loss) On Sale Of Invest. | 1 | (4) | 8 | 12 | 10 | | (9) | | 10 | (10) |
| Addback: Gain (Loss) On Sale Of Assets | 0 | 0 | 0 | 0 | (2) | | 1 | | (3) | (0) |
| Addback: Asset Writedown | 4 | 0 | 0 | 80 | 44 | | 25 | | 39 | 20 |
| Addback: In Process R&D Expenses | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
| Addback: Insurance Settlements | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
| Addback: Legal Settlements | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
| Addback: Other Unusual Items | 1 | 19 | (1) | 1 | 13 | | 11 | | 2 | (1) |
| Adjusted EBITDA | (17) | (5) | (15) | (30) | (61) | | (37) | | (35) | (12) |
| % Margin | -74.5% | -22.2% | -28.4% | -25.7% | -39.0% | | -26.7% | | -33.9% | -13.2% |
| | | | | | | | | | |
| Adjusted EBIT | (20) | (6) | (18) | (45) | (88) | | (62) | | (58) | (31) |
| % Margin | -88.2% | -25.3% | -35.0% | -38.1% | -56.2% | | -44.1% | | -55.3% | -35.8% |
| | | | | | | | | | |
| Adjusted Net Income Reconciliation | | | | | | | | | | |
| Net Income to Company | (33) | (29) | (23) | (190) | (256) | | (175) | | (140) | (58) |
| Addback: Unusual Items | 7 | 14 | 7 | 106 | 86 | | 48 | | 48 | 10 |
| Less: Tax Benefit of Unusual Items (26%) | (2) | (4) | (2) | (28) | (22) | | (12) | | (12) | (2) |
| Adjusted Net Income | (28) | (19) | (18) | (112) | (192) | | (139) | | (104) | (51) |
| % Margin | -125.7% | -78.4% | -33.9% | -94.8% | -123.0% | | -99.9% | | -100.0% | -58.7% |