| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $294M | $329M | $328M | -10.6% | -10.5% |
| Op. Income | $26M | $3M | $40M | 936.3% | -34.4% |
| Gross Margin | 37.7% | 37.6% | 38.1% | 0.0pp | -0.5pp |
| Net Margin | 4.0% | -1.2% | 7.3% | 5.2pp | -3.3pp |
| EPS (Diluted) | $0.11 | $-0.04 | $0.23 | 396.5% | -52.2% |
| Free Cash Flow | $6M | -$7M | $2M | 180.9% | 130.6% |
| Item | Amount |
|---|---|
| REVENUE | $294M |
| Cost of Revenue | $183M |
| GROSS PROFIT | $111M |
| R&D Expenses | $0 |
| Selling & Marketing | $13M |
| General & Administrative | $71M |
| SG&A Expenses | $85M |
| Other Expenses | $0 |
| Operating Expenses | $85M |
| Cost & Expenses | $268M |
| OPERATING INCOME | $26M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $20M |
| EBIT | $26M |
| EBITDA | $46M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $294M |
| Cost of Revenue | $183M |
| GROSS PROFIT | $111M |
| R&D Expenses | $0 |
| Selling & Marketing | $13M |
| General & Administrative | $71M |
| SG&A Expenses | $85M |
| Other Expenses | $0 |
| Operating Expenses | $85M |
| Cost & Expenses | $268M |
| OPERATING INCOME | $26M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $20M |
| EBIT | $26M |
| EBITDA | $46M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $12M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$10.0K |
| Change in Working Capital | -$23M |
| OPERATING CASH FLOW | $11M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | -$805.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $5.0K |
| NET CASH FROM FINANCING | -$800.0K |
| FREE CASH FLOW | $6M |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $18M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $175M |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $217M |
| PP&E (Net) | $277M |
| Goodwill | $0 |
| Intangible Assets | $8M |
| Long-Term Investments | $0 |
| Tax Assets | $3M |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $298M |
| TOTAL ASSETS | $515M |
| Account Payables | $78M |
| Short-Term Debt | $28M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $255M |
| Long-Term Debt | $301M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $13M |
| TOTAL NON-CURRENT LIABILITIES | $477M |
| TOTAL LIABILITIES | $732M |
| Common Stock | $1M |
| Additional Paid-In Capital | $130M |
| Retained Earnings | -$347M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$431.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$216M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$216M |
| TOTAL LIABILITIES & EQUITY | $515M |
| Total Debt | $540M |
| Net Debt | $522M |
