| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $208M | $241M | $285M | -13.6% | -27.0% |
| Op. Income | $40M | $13M | $39M | 215.3% | 1.7% |
| Gross Margin | 39.0% | 40.4% | 42.6% | -1.4pp | -3.6pp |
| Net Margin | 14.5% | 4.1% | 10.8% | 10.4pp | 3.7pp |
| EPS (Diluted) | $3.59 | $1.16 | $3.23 | 209.5% | 11.1% |
| Free Cash Flow | -$27M | $11M | $56M | -354.5% | -148.2% |
| Item | Amount |
|---|---|
| REVENUE | $208M |
| Cost of Revenue | $127M |
| GROSS PROFIT | $81M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $71M |
| Other Expenses | $5M |
| Operating Expenses | $76M |
| Cost & Expenses | $203M |
| OPERATING INCOME | $40M |
| Interest Income | $0 |
| Interest Expense | $76.0K |
| Other Income/Expenses | -$76.0K |
| INCOME BEFORE TAX | $40M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $30M |
| D&A | $5M |
| EBIT | $40M |
| EBITDA | $45M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $208M |
| Cost of Revenue | $127M |
| GROSS PROFIT | $81M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $71M |
| Other Expenses | $5M |
| Operating Expenses | $76M |
| Cost & Expenses | $203M |
| OPERATING INCOME | $40M |
| Interest Income | $0 |
| Interest Expense | $76.0K |
| Other Income/Expenses | -$76.0K |
| INCOME BEFORE TAX | $40M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $30M |
| D&A | $5M |
| EBIT | $40M |
| EBITDA | $45M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $30M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | -$22M |
| Change in Working Capital | -$34M |
| OPERATING CASH FLOW | -$19M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $46M |
| NET CASH FROM INVESTING | $38M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$5M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | -$27M |
| Net Change in Cash | $12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $62M |
| Short-Term Investments | $0 |
| Net Receivables | -$16M |
| Inventory | $130M |
| Other Current Assets | $16M |
| TOTAL CURRENT ASSETS | $208M |
| PP&E (Net) | $310M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $4M |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $316M |
| TOTAL ASSETS | $523M |
| Account Payables | $88M |
| Short-Term Debt | $47M |
| Deferred Revenue | $944.0K |
| Other Current Liabilities | -$17M |
| TOTAL CURRENT LIABILITIES | $176M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $206M |
| TOTAL LIABILITIES | $382M |
| Common Stock | $159.0K |
| Additional Paid-In Capital | $101M |
| Retained Earnings | $302M |
| Treasury Stock | -$263M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $141M |
| Minority Interest | $0 |
| TOTAL EQUITY | $141M |
| TOTAL LIABILITIES & EQUITY | $523M |
| Total Debt | $251M |
| Net Debt | $189M |
