| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $145M | $130M | $84M | 11.7% | 72.9% |
| Op. Income | $25M | $12M | -$10M | 109.5% | 345.9% |
| Gross Margin | 53.5% | 38.4% | 57.9% | 15.1pp | -4.4pp |
| Net Margin | -12.0% | -5.6% | -15.6% | -6.5pp | 3.6pp |
| EPS (Diluted) | $-0.51 | $-0.21 | $-0.39 | -142.9% | -30.8% |
| Free Cash Flow | $27M | $65M | -$25M | -57.9% | 208.2% |
| Item | Amount |
|---|---|
| REVENUE | $145M |
| Cost of Revenue | $67M |
| GROSS PROFIT | $77M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $53M |
| Other Expenses | $0 |
| Operating Expenses | $53M |
| Cost & Expenses | $120M |
| OPERATING INCOME | $25M |
| Interest Income | $3M |
| Interest Expense | $21M |
| Other Income/Expenses | -$42M |
| INCOME BEFORE TAX | -$18M |
| Income Tax Expense | -$131.0K |
| Net Income from Continuing Ops | -$17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$17M |
| D&A | $38M |
| EBIT | $4M |
| EBITDA | $42M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$17M |
| Depreciation & Amortization | $38M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$46.0K |
| Other Non-Cash Items | $26M |
| Change in Working Capital | -$25M |
| OPERATING CASH FLOW | $28M |
| Capital Expenditure | -$176.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$176.0K |
| Net Debt Issuance | $72M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | $68M |
| FREE CASH FLOW | $27M |
| Net Change in Cash | $96M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $269M |
| Short-Term Investments | $0 |
| Net Receivables | $179M |
| Inventory | $33M |
| Other Current Assets | $17M |
| TOTAL CURRENT ASSETS | $498M |
| PP&E (Net) | $26M |
| Goodwill | $134M |
| Intangible Assets | $530M |
| Long-Term Investments | $0 |
| Tax Assets | $24M |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $716M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $3M |
| Short-Term Debt | $183M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $413M |
| Long-Term Debt | $615M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $622M |
| TOTAL LIABILITIES | $1.0B |
| Common Stock | $38.0K |
| Additional Paid-In Capital | $540M |
| Retained Earnings | -$299M |
| Treasury Stock | -$62M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $180M |
| Minority Interest | $0 |
| TOTAL EQUITY | $180M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $806M |
| Net Debt | $537M |
