| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $150M | $160M | $116M | -6.3% | 28.8% |
| Op. Income | $15M | $9M | $4M | 57.3% | 303.6% |
| Gross Margin | 34.4% | 37.4% | 38.9% | -3.1pp | -4.5pp |
| Net Margin | 6.6% | 3.1% | 2.6% | 3.6pp | 4.0pp |
| EPS (Diluted) | $0.33 | $0.16 | $0.10 | 106.3% | 230.0% |
| Free Cash Flow | -$37M | $85M | -$35M | -143.2% | -3.3% |
| Item | Amount |
|---|---|
| REVENUE | $150M |
| Cost of Revenue | $98M |
| GROSS PROFIT | $51M |
| R&D Expenses | $7M |
| Selling & Marketing | $11M |
| General & Administrative | $15M |
| SG&A Expenses | $26M |
| Other Expenses | $3M |
| Operating Expenses | $37M |
| Cost & Expenses | $135M |
| OPERATING INCOME | $15M |
| Interest Income | $0 |
| Interest Expense | $398.0K |
| Other Income/Expenses | -$315.0K |
| INCOME BEFORE TAX | $14M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10M |
| D&A | $5M |
| EBIT | $15M |
| EBITDA | $20M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $150M |
| Cost of Revenue | $98M |
| GROSS PROFIT | $51M |
| R&D Expenses | $7M |
| Selling & Marketing | $11M |
| General & Administrative | $15M |
| SG&A Expenses | $26M |
| Other Expenses | $3M |
| Operating Expenses | $37M |
| Cost & Expenses | $135M |
| OPERATING INCOME | $15M |
| Interest Income | $0 |
| Interest Expense | $398.0K |
| Other Income/Expenses | -$315.0K |
| INCOME BEFORE TAX | $14M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10M |
| D&A | $5M |
| EBIT | $15M |
| EBITDA | $20M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $10M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $207.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$51M |
| OPERATING CASH FLOW | -$32M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $54.0K |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $46M |
| Common Stock Repurchased | -$6M |
| Common Dividends Paid | -$594.0K |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $37M |
| FREE CASH FLOW | -$37M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $18M |
| Short-Term Investments | $0 |
| Net Receivables | $195M |
| Inventory | $168M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $394M |
| PP&E (Net) | $92M |
| Goodwill | $49M |
| Intangible Assets | $196M |
| Long-Term Investments | $3M |
| Tax Assets | $17.0K |
| Other Non-Current Assets | $13M |
| TOTAL NON-CURRENT ASSETS | $353M |
| TOTAL ASSETS | $747M |
| Account Payables | $78M |
| Short-Term Debt | $5M |
| Deferred Revenue | $19M |
| Other Current Liabilities | $113M |
| TOTAL CURRENT LIABILITIES | $220M |
| Long-Term Debt | $98M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $20M |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $145M |
| TOTAL LIABILITIES | $365M |
| Common Stock | $3M |
| Additional Paid-In Capital | $101M |
| Retained Earnings | $314M |
| Treasury Stock | -$29M |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $383M |
| Minority Interest | $0 |
| TOTAL EQUITY | $383M |
| TOTAL LIABILITIES & EQUITY | $747M |
| Total Debt | $124M |
| Net Debt | $106M |
