| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $283M | $402M | $309M | -29.6% | -8.5% |
| Op. Income | $54M | $110M | $73M | -51.1% | -26.5% |
| Gross Margin | 47.1% | 53.0% | 49.2% | -5.9pp | -2.1pp |
| Net Margin | 15.2% | 21.9% | 17.9% | -6.7pp | -2.7pp |
| EPS (Diluted) | $0.86 | $1.76 | $1.12 | -51.1% | -23.2% |
| Free Cash Flow | $24M | $99M | $14M | -75.9% | 66.6% |
| Item | Amount |
|---|---|
| REVENUE | $283M |
| Cost of Revenue | $150M |
| GROSS PROFIT | $133M |
| R&D Expenses | $0 |
| Selling & Marketing | $66M |
| General & Administrative | $13M |
| SG&A Expenses | $80M |
| Other Expenses | $0 |
| Operating Expenses | $80M |
| Cost & Expenses | $229M |
| OPERATING INCOME | $54M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $57M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $43M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $43M |
| D&A | $5M |
| EBIT | $54M |
| EBITDA | $59M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $283M |
| Cost of Revenue | $150M |
| GROSS PROFIT | $133M |
| R&D Expenses | $0 |
| Selling & Marketing | $66M |
| General & Administrative | $13M |
| SG&A Expenses | $80M |
| Other Expenses | $0 |
| Operating Expenses | $80M |
| Cost & Expenses | $229M |
| OPERATING INCOME | $54M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $57M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $43M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $43M |
| D&A | $5M |
| EBIT | $54M |
| EBITDA | $59M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $43M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$860.0K |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$17M |
| OPERATING CASH FLOW | $33M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$11M |
| Sales/Maturities of Investments | $7M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$18M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$18M |
| FREE CASH FLOW | $24M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $254M |
| Short-Term Investments | $23M |
| Net Receivables | $6M |
| Inventory | $138M |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $434M |
| PP&E (Net) | $382M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $23M |
| Tax Assets | $0 |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $415M |
| TOTAL ASSETS | $849M |
| Account Payables | $58M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $32M |
| TOTAL CURRENT LIABILITIES | $207M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $23M |
| TOTAL NON-CURRENT LIABILITIES | $237M |
| TOTAL LIABILITIES | $444M |
| Common Stock | $505.0K |
| Additional Paid-In Capital | $183M |
| Retained Earnings | $222M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $405M |
| Minority Interest | $0 |
| TOTAL EQUITY | $405M |
| TOTAL LIABILITIES & EQUITY | $849M |
| Total Debt | $299M |
| Net Debt | $45M |
