| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $92M | $123M | $112M | -25.2% | -18.2% |
| Op. Income | $20M | $48M | $43M | -58.7% | -54.2% |
| Gross Margin | 45.8% | 58.5% | 58.3% | -12.8pp | -12.5pp |
| Net Margin | 13.1% | 24.8% | 21.2% | -11.7pp | -8.1pp |
| EPS (Diluted) | $0.28 | $0.71 | $0.53 | -60.6% | -47.2% |
| Free Cash Flow | -$39M | $50M | -$18M | -178.6% | -114.1% |
| Item | Amount |
|---|---|
| REVENUE | $92M |
| Cost of Revenue | $50M |
| GROSS PROFIT | $42M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $18M |
| SG&A Expenses | $18M |
| Other Expenses | $4M |
| Operating Expenses | $22M |
| Cost & Expenses | $72M |
| OPERATING INCOME | $20M |
| Interest Income | $1M |
| Interest Expense | $5M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $4M |
| EBIT | $22M |
| EBITDA | $26M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $92M |
| Cost of Revenue | $50M |
| GROSS PROFIT | $42M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $18M |
| SG&A Expenses | $18M |
| Other Expenses | $4M |
| Operating Expenses | $22M |
| Cost & Expenses | $72M |
| OPERATING INCOME | $20M |
| Interest Income | $1M |
| Interest Expense | $5M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $4M |
| EBIT | $22M |
| EBITDA | $26M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $12M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$51M |
| OPERATING CASH FLOW | -$35M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3M |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | $87M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$800.0K |
| Other Financing Activities | -$300.0K |
| NET CASH FROM FINANCING | $86M |
| FREE CASH FLOW | -$39M |
| Net Change in Cash | $46M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $154M |
| Short-Term Investments | $0 |
| Net Receivables | $100M |
| Inventory | $0 |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $267M |
| PP&E (Net) | $110M |
| Goodwill | $20M |
| Intangible Assets | $0 |
| Long-Term Investments | $53M |
| Tax Assets | $66M |
| Other Non-Current Assets | $31M |
| TOTAL NON-CURRENT ASSETS | $279M |
| TOTAL ASSETS | $546M |
| Account Payables | $21M |
| Short-Term Debt | $87M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $116M |
| Long-Term Debt | $274M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $88M |
| TOTAL NON-CURRENT LIABILITIES | $438M |
| TOTAL LIABILITIES | $554M |
| Common Stock | $0 |
| Additional Paid-In Capital | $1M |
| Retained Earnings | -$800.0K |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$9M |
| Minority Interest | $400.0K |
| TOTAL EQUITY | -$8M |
| TOTAL LIABILITIES & EQUITY | $546M |
| Total Debt | $438M |
| Net Debt | $284M |
