| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $24M | $9M | $212M | 173.4% | -88.7% |
| Op. Income | -$87M | -$138M | -$270M | 36.9% | 67.8% |
| Gross Margin | -102.5% | -474.7% | -54.8% | 372.3pp | -47.6pp |
| Net Margin | -363.7% | -2983.9% | -154.9% | 2620.2pp | -208.8pp |
| EPS (Diluted) | $-0.11 | $-0.36 | $-0.45 | 69.4% | 75.6% |
| Free Cash Flow | -$166M | -$49M | $516M | -236.1% | -132.2% |
| Item | Amount |
|---|---|
| REVENUE | $24M |
| Cost of Revenue | $49M |
| GROSS PROFIT | -$25M |
| R&D Expenses | $24M |
| Selling & Marketing | $8M |
| General & Administrative | $17M |
| SG&A Expenses | $25M |
| Other Expenses | $14M |
| Operating Expenses | $62M |
| Cost & Expenses | $111M |
| OPERATING INCOME | -$87M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | $730.0K |
| INCOME BEFORE TAX | -$86M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$88M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$88M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$88M |
| D&A | $11M |
| EBIT | -$75M |
| EBITDA | -$64M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$88M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$95M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | -$163M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | -$3M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | $74M |
| Common Stock Repurchased | -$104.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $74M |
| FREE CASH FLOW | -$166M |
| Net Change in Cash | -$95M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $225M |
| Short-Term Investments | $0 |
| Net Receivables | $401M |
| Inventory | $0 |
| Other Current Assets | $25M |
| TOTAL CURRENT ASSETS | $705M |
| PP&E (Net) | $52M |
| Goodwill | $21M |
| Intangible Assets | $58M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $246M |
| TOTAL NON-CURRENT ASSETS | $376M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $111M |
| Short-Term Debt | $238M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $357M |
| Long-Term Debt | $872M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $66M |
| TOTAL NON-CURRENT LIABILITIES | $981M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $10.0K |
| Additional Paid-In Capital | $635M |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | -$55M |
| TOTAL STOCKHOLDERS' EQUITY | -$257M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$257M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $1.2B |
| Net Debt | $928M |
