| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $445M | $239M | $538M | 86.5% | -17.3% |
| Op. Income | -$18M | -$8M | $32M | -129.0% | -155.1% |
| Gross Margin | 4.7% | 10.7% | 13.6% | -6.0pp | -8.9pp |
| Net Margin | -3.5% | -3.1% | 4.4% | -0.3pp | -7.9pp |
| EPS (Diluted) | $-1.08 | $-0.52 | $1.66 | -107.7% | -165.1% |
| Free Cash Flow | $8M | -$48M | $4M | 115.6% | 75.9% |
| Item | Amount |
|---|---|
| REVENUE | $445M |
| Cost of Revenue | $424M |
| GROSS PROFIT | $21M |
| R&D Expenses | $0 |
| Selling & Marketing | $20M |
| General & Administrative | $15M |
| SG&A Expenses | $35M |
| Other Expenses | $3M |
| Operating Expenses | $39M |
| Cost & Expenses | $463M |
| OPERATING INCOME | -$18M |
| Interest Income | $978.4K |
| Interest Expense | $4M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$21M |
| Income Tax Expense | -$6M |
| Net Income from Continuing Ops | -$16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$16M |
| D&A | $2M |
| EBIT | -$16M |
| EBITDA | -$15M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$16M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $24M |
| OPERATING CASH FLOW | $8M |
| 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 | -$7M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | $8M |
| Net Change in Cash | $565.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $0 |
| Net Receivables | $171M |
| Inventory | $175M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $357M |
| PP&E (Net) | $17M |
| Goodwill | $87M |
| Intangible Assets | $26M |
| Long-Term Investments | $118M |
| Tax Assets | $3M |
| Other Non-Current Assets | -$118M |
| TOTAL NON-CURRENT ASSETS | $134M |
| TOTAL ASSETS | $491M |
| Account Payables | $194M |
| Short-Term Debt | $185M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $395M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $398M |
| Common Stock | $47M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $49M |
| Treasury Stock | -$3M |
| Accum. Other Comp. Income | -$66.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $92M |
| Minority Interest | $0 |
| TOTAL EQUITY | $92M |
| TOTAL LIABILITIES & EQUITY | $491M |
| Total Debt | $192M |
| Net Debt | $191M |
