| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $242M | $274M | $233M | -11.5% | 4.1% |
| Op. Income | $22M | $37M | $20M | -39.7% | 11.8% |
| Gross Margin | 56.1% | 56.9% | 55.2% | -0.8pp | 0.9pp |
| Net Margin | 6.2% | 8.9% | 4.2% | -2.7pp | 1.9pp |
| EPS (Diluted) | $0.43 | $0.75 | $0.31 | -42.7% | 38.7% |
| Free Cash Flow | -$3M | $31M | $19M | -111.0% | -117.5% |
| Item | Amount |
|---|---|
| REVENUE | $242M |
| Cost of Revenue | $106M |
| GROSS PROFIT | $136M |
| R&D Expenses | $11M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $103M |
| Other Expenses | $0 |
| Operating Expenses | $114M |
| Cost & Expenses | $220M |
| OPERATING INCOME | $22M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $17M |
| EBIT | $22M |
| EBITDA | $39M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $242M |
| Cost of Revenue | $106M |
| GROSS PROFIT | $136M |
| R&D Expenses | $11M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $103M |
| Other Expenses | $0 |
| Operating Expenses | $114M |
| Cost & Expenses | $220M |
| OPERATING INCOME | $22M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $17M |
| EBIT | $22M |
| EBITDA | $39M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $15M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $177.0K |
| Other Non-Cash Items | $880.0K |
| Change in Working Capital | -$37M |
| OPERATING CASH FLOW | $328.0K |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $8M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$6M |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $25M |
| Short-Term Investments | $0 |
| Net Receivables | $183M |
| Inventory | $254M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $488M |
| PP&E (Net) | $109M |
| Goodwill | $618M |
| Intangible Assets | $463M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $108M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $1.8B |
| Account Payables | $67M |
| Short-Term Debt | $12M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $108M |
| TOTAL CURRENT LIABILITIES | $188M |
| Long-Term Debt | $704M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $63M |
| Other Non-Current Liabilities | $42M |
| TOTAL NON-CURRENT LIABILITIES | $809M |
| TOTAL LIABILITIES | $996M |
| Common Stock | $313.0K |
| Additional Paid-In Capital | $366M |
| Retained Earnings | $526M |
| Treasury Stock | -$50M |
| Accum. Other Comp. Income | -$53M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $790M |
| Minority Interest | $0 |
| TOTAL EQUITY | $790M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $716M |
| Net Debt | $691M |
