| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $214M | — | $217M | — | -1.4% |
| Op. Income | -$10M | — | -$18M | — | 44.5% |
| Gross Margin | 4.2% | — | 0.2% | — | 4.0pp |
| Net Margin | -5.0% | — | -6.2% | — | 1.2pp |
| EPS (Diluted) | $-0.15 | — | $-0.19 | — | 21.1% |
| Free Cash Flow | -$19M | — | -$62M | — | 69.7% |
| Item | Amount |
|---|---|
| REVENUE | $214M |
| Cost of Revenue | $205M |
| GROSS PROFIT | $9M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $19M |
| Other Expenses | $0 |
| Operating Expenses | $19M |
| Cost & Expenses | $224M |
| OPERATING INCOME | -$10M |
| Interest Income | $200.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$12M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | $11M |
| EBIT | -$10M |
| EBITDA | $800.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $700.0K |
| Deferred Income Tax | -$500.0K |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | -$300.0K |
| Purchases of Investments | -$300.0K |
| Sales/Maturities of Investments | $600.0K |
| Other Investing Activities | -$300.0K |
| NET CASH FROM INVESTING | -$18M |
| Net Debt Issuance | $5M |
| Common Stock Repurchased | -$400.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$19M |
| Net Change in Cash | -$14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $39M |
| Short-Term Investments | $0 |
| Net Receivables | $76M |
| Inventory | $77M |
| Other Current Assets | $25M |
| TOTAL CURRENT ASSETS | $216M |
| PP&E (Net) | $586M |
| Goodwill | $39M |
| Intangible Assets | $800.0K |
| Long-Term Investments | $26M |
| Tax Assets | $8M |
| Other Non-Current Assets | $22M |
| TOTAL NON-CURRENT ASSETS | $681M |
| TOTAL ASSETS | $897M |
| Account Payables | $31M |
| Short-Term Debt | $4M |
| Deferred Revenue | $8M |
| Other Current Liabilities | $27M |
| TOTAL CURRENT LIABILITIES | $96M |
| Long-Term Debt | $146M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $29M |
| Other Non-Current Liabilities | $25M |
| TOTAL NON-CURRENT LIABILITIES | $287M |
| TOTAL LIABILITIES | $383M |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $230M |
| Retained Earnings | $266M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $494M |
| Minority Interest | $20M |
| TOTAL EQUITY | $514M |
| TOTAL LIABILITIES & EQUITY | $897M |
| Total Debt | $244M |
| Net Debt | $204M |
