| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $146M | $131M | $115M | 11.0% | 26.8% |
| Op. Income | $11M | $8M | $4M | 39.3% | 167.0% |
| Gross Margin | 31.5% | 31.1% | 29.2% | 0.4pp | 2.3pp |
| Net Margin | 4.3% | 2.8% | 2.2% | 1.5pp | 2.2pp |
| EPS (Diluted) | $0.39 | $0.23 | $0.16 | 69.6% | 143.8% |
| Free Cash Flow | $32.0K | $7M | -$16M | -99.5% | 100.2% |
| Item | Amount |
|---|---|
| REVENUE | $146M |
| Cost of Revenue | $100M |
| GROSS PROFIT | $46M |
| R&D Expenses | $10M |
| Selling & Marketing | $6M |
| General & Administrative | $15M |
| SG&A Expenses | $21M |
| Other Expenses | $3M |
| Operating Expenses | $34M |
| Cost & Expenses | $134M |
| OPERATING INCOME | $11M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $6M |
| EBIT | $11M |
| EBITDA | $17M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $146M |
| Cost of Revenue | $100M |
| GROSS PROFIT | $46M |
| R&D Expenses | $10M |
| Selling & Marketing | $6M |
| General & Administrative | $15M |
| SG&A Expenses | $21M |
| Other Expenses | $3M |
| Operating Expenses | $34M |
| Cost & Expenses | $134M |
| OPERATING INCOME | $11M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $6M |
| EBIT | $11M |
| EBITDA | $17M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $6M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$290.0K |
| Other Non-Cash Items | $470.0K |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | $4M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | -$6M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | $884.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$146.0K |
| NET CASH FROM FINANCING | $738.0K |
| FREE CASH FLOW | $32.0K |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $25M |
| Short-Term Investments | $0 |
| Net Receivables | $87M |
| Inventory | $116M |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $242M |
| PP&E (Net) | $93M |
| Goodwill | $127M |
| Intangible Assets | $116M |
| Long-Term Investments | $0 |
| Tax Assets | $4M |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $349M |
| TOTAL ASSETS | $591M |
| Account Payables | $41M |
| Short-Term Debt | $0 |
| Deferred Revenue | $5M |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $87M |
| Long-Term Debt | $228M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $12M |
| TOTAL NON-CURRENT LIABILITIES | $274M |
| TOTAL LIABILITIES | $361M |
| Common Stock | $92M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $149M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$12M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $230M |
| Minority Interest | $0 |
| TOTAL EQUITY | $230M |
| TOTAL LIABILITIES & EQUITY | $591M |
| Total Debt | $261M |
| Net Debt | $235M |
