| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $239M | $265M | $293M | -10.0% | -18.6% |
| Op. Income | -$8M | -$4M | $8M | -78.0% | -195.1% |
| Gross Margin | 10.7% | 10.7% | 13.9% | -0.1pp | -3.2pp |
| Net Margin | -3.1% | -1.7% | 1.9% | -1.4pp | -5.1pp |
| EPS (Diluted) | $-0.52 | $-0.32 | $0.39 | -62.5% | -233.3% |
| Free Cash Flow | -$48M | $39.0K | -$70M | -123631.4% | 31.1% |
| Item | Amount |
|---|---|
| REVENUE | $239M |
| Cost of Revenue | $213M |
| GROSS PROFIT | $25M |
| R&D Expenses | $0 |
| Selling & Marketing | $15M |
| General & Administrative | $15M |
| SG&A Expenses | $30M |
| Other Expenses | $4M |
| Operating Expenses | $33M |
| Cost & Expenses | $246M |
| OPERATING INCOME | -$8M |
| Interest Income | $512.8K |
| Interest Expense | $0 |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $2M |
| EBIT | -$6M |
| EBITDA | -$4M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $386.0K |
| Change in Working Capital | -$43M |
| OPERATING CASH FLOW | -$48M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $1.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $1.0K |
| Net Debt Issuance | $48M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $48M |
| FREE CASH FLOW | -$48M |
| Net Change in Cash | -$660.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $809.0K |
| Short-Term Investments | $0 |
| Net Receivables | $93M |
| Inventory | $290M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $392M |
| PP&E (Net) | $14M |
| Goodwill | $82M |
| Intangible Assets | $27M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $125M |
| TOTAL ASSETS | $517M |
| Account Payables | $201M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $219M |
| Long-Term Debt | $187M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $196M |
| TOTAL LIABILITIES | $416M |
| Common Stock | $0 |
| Additional Paid-In Capital | $40M |
| Retained Earnings | $64M |
| Treasury Stock | -$3M |
| Accum. Other Comp. Income | -$66.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $101M |
| Minority Interest | $0 |
| TOTAL EQUITY | $101M |
| TOTAL LIABILITIES & EQUITY | $517M |
| Total Debt | $195M |
| Net Debt | $194M |
