| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $121M | $121M | $193M | -0.5% | -37.3% |
| Op. Income | $8M | -$636M | -$27M | 101.2% | 128.5% |
| Gross Margin | 26.3% | -39.0% | 36.4% | 65.3pp | -10.0pp |
| Net Margin | -0.3% | -358.6% | -242.2% | 358.3pp | 241.8pp |
| EPS (Diluted) | $-0.00 | $-1.16 | $-1.52 | 99.9% | 99.9% |
| Free Cash Flow | $18M | -$24M | -$273M | 175.9% | 106.7% |
| Item | Amount |
|---|---|
| REVENUE | $121M |
| Cost of Revenue | $89M |
| GROSS PROFIT | $32M |
| R&D Expenses | $1M |
| Selling & Marketing | $1M |
| General & Administrative | $22M |
| SG&A Expenses | $23M |
| Other Expenses | -$8.0K |
| Operating Expenses | $24M |
| Cost & Expenses | $113M |
| OPERATING INCOME | $8M |
| Interest Income | $0 |
| Interest Expense | $157.0K |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | -$284.0K |
| Income Tax Expense | $104.0K |
| NET INCOME | -$388.0K |
| D&A | $20M |
| EBIT | -$127.0K |
| EBITDA | $20M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$388.0K |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$119M |
| Change in Working Capital | $107M |
| OPERATING CASH FLOW | $20M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$330.0K |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | $18M |
| Net Change in Cash | $17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $47M |
| Short-Term Investments | $0 |
| Net Receivables | $175.0K |
| Inventory | $0 |
| Other Current Assets | $22M |
| TOTAL CURRENT ASSETS | $100M |
| PP&E (Net) | $648M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $660M |
| TOTAL ASSETS | $760M |
| Account Payables | $80M |
| Short-Term Debt | $36M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $89M |
| TOTAL CURRENT LIABILITIES | $302M |
| Long-Term Debt | $819M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $867M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $36.0K |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | -$2.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$409M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$409M |
| TOTAL LIABILITIES & EQUITY | $760M |
| Total Debt | $939M |
| Net Debt | $892M |
