| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $466M | $451M | $451M | 3.4% | 3.5% |
| Op. Income | $18M | -$204M | $14M | 108.6% | 28.0% |
| Gross Margin | 31.0% | 28.5% | 32.1% | 2.4pp | -1.2pp |
| Net Margin | -6.9% | -52.7% | 5.6% | 45.8pp | -12.5pp |
| EPS (Diluted) | $-0.17 | $-1.28 | $0.14 | 86.7% | -221.4% |
| Free Cash Flow | $5M | -$43M | -$13M | 112.4% | 139.9% |
| Item | Amount |
|---|---|
| REVENUE | $466M |
| Cost of Revenue | $322M |
| GROSS PROFIT | $144M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $120M |
| SG&A Expenses | $123M |
| Other Expenses | $4M |
| Operating Expenses | $127M |
| Cost & Expenses | $449M |
| OPERATING INCOME | $18M |
| Interest Income | $0 |
| Interest Expense | $43M |
| Other Income/Expenses | -$48M |
| INCOME BEFORE TAX | -$30M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$32M |
| D&A | $4M |
| EBIT | $18M |
| EBITDA | $22M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$32M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $594.0K |
| Other Non-Cash Items | $20M |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | $7M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $9M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $13M |
| FREE CASH FLOW | $5M |
| Net Change in Cash | $15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $34M |
| Short-Term Investments | $0 |
| Net Receivables | $247M |
| Inventory | $0 |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $308M |
| PP&E (Net) | $73M |
| Goodwill | $1.2B |
| Intangible Assets | $98M |
| Long-Term Investments | $63M |
| Tax Assets | $0 |
| Other Non-Current Assets | $29M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $1.7B |
| Account Payables | $43M |
| Short-Term Debt | $164M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $58M |
| TOTAL CURRENT LIABILITIES | $376M |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $66M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$34M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$34M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $1.5B |
| Net Debt | $1.5B |
