| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $451M | $443M | $414M | 1.8% | 9.0% |
| Op. Income | -$204M | $5M | -$113M | -4371.1% | -80.9% |
| Gross Margin | 28.5% | 30.4% | 30.0% | -1.8pp | -1.5pp |
| Net Margin | -52.7% | 5.5% | -30.5% | -58.2pp | -22.2pp |
| EPS (Diluted) | $-1.28 | $0.13 | $-0.67 | -1084.6% | -91.0% |
| Free Cash Flow | -$43M | $18M | -$39M | -336.4% | -10.9% |
| Item | Amount |
|---|---|
| REVENUE | $451M |
| Cost of Revenue | $322M |
| GROSS PROFIT | $129M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $111M |
| SG&A Expenses | $111M |
| Other Expenses | $223M |
| Operating Expenses | $333M |
| Cost & Expenses | $656M |
| OPERATING INCOME | -$204M |
| Interest Income | $310.0K |
| Interest Expense | $34M |
| Other Income/Expenses | -$35M |
| INCOME BEFORE TAX | -$239M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | -$238M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$238M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$238M |
| D&A | $9M |
| EBIT | -$208M |
| EBITDA | -$198M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$238M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $178.0K |
| Other Non-Cash Items | $214M |
| Change in Working Capital | -$27M |
| OPERATING CASH FLOW | -$40M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $14.0K |
| Purchases of Investments | $12M |
| Sales/Maturities of Investments | -$11M |
| Other Investing Activities | -$460.0K |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$25M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $24M |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | -$43M |
| Net Change in Cash | -$44M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $19M |
| Short-Term Investments | $0 |
| Net Receivables | $226M |
| Inventory | $0 |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $270M |
| PP&E (Net) | $77M |
| Goodwill | $1.2B |
| Intangible Assets | $96M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $109M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $1.7B |
| Account Payables | $45M |
| Short-Term Debt | $15M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $181M |
| TOTAL CURRENT LIABILITIES | $326M |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $59M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $2M |
| TOTAL STOCKHOLDERS' EQUITY | -$4M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$4M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $1.4B |
| Net Debt | $1.3B |
