| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $236M | $258M | $129M | -8.5% | 82.4% |
| Op. Income | -$9M | -$23M | -$2M | 59.3% | -360.5% |
| Gross Margin | 3.2% | -1.7% | 12.5% | 4.9pp | -9.4pp |
| Net Margin | -4.8% | -9.0% | -3.2% | 4.2pp | -1.6pp |
| EPS (Diluted) | $-0.35 | $-0.70 | $-0.15 | 50.0% | -133.3% |
| Free Cash Flow | $19M | $28M | -$35M | -33.7% | 154.2% |
| Item | Amount |
|---|---|
| REVENUE | $236M |
| Cost of Revenue | $228M |
| GROSS PROFIT | $7M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $17M |
| Other Expenses | $0 |
| Operating Expenses | $17M |
| Cost & Expenses | $245M |
| OPERATING INCOME | -$9M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | -$14M |
| Income Tax Expense | -$3M |
| 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 | -$11M |
| D&A | $3M |
| EBIT | -$10M |
| EBITDA | -$7M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $589.0K |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $29M |
| OPERATING CASH FLOW | $20M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$20M |
| Common Stock Repurchased | -$57.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$23M |
| FREE CASH FLOW | $19M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6M |
| Short-Term Investments | $0 |
| Net Receivables | $9M |
| Inventory | $129M |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $158M |
| PP&E (Net) | $101M |
| Goodwill | $19M |
| Intangible Assets | $47M |
| Long-Term Investments | $11M |
| Tax Assets | $14M |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $194M |
| TOTAL ASSETS | $352M |
| Account Payables | $125M |
| Short-Term Debt | $20M |
| Deferred Revenue | $7M |
| Other Current Liabilities | $28M |
| TOTAL CURRENT LIABILITIES | $184M |
| Long-Term Debt | $129M |
| Deferred Revenue NC | $12M |
| Deferred Tax Liabilities | $72.0K |
| Other Non-Current Liabilities | $34M |
| TOTAL NON-CURRENT LIABILITIES | $176M |
| TOTAL LIABILITIES | $361M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $174M |
| Retained Earnings | -$91M |
| Treasury Stock | -$50M |
| Accum. Other Comp. Income | -$42M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$9M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$9M |
| TOTAL LIABILITIES & EQUITY | $352M |
| Total Debt | $151M |
| Net Debt | $145M |
