| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $124M | $242M | $123M | -48.8% | 0.7% |
| Op. Income | -$5M | $11M | -$931.0K | -142.6% | -388.6% |
| Gross Margin | 53.0% | 51.2% | 54.6% | 1.8pp | -1.5pp |
| Net Margin | -3.1% | 3.1% | -1.1% | -6.2pp | -2.1pp |
| EPS (Diluted) | $-0.12 | $0.23 | $-0.04 | -152.2% | -203.0% |
| Free Cash Flow | -$35M | $47M | -$36M | -175.6% | 0.7% |
| Item | Amount |
|---|---|
| REVENUE | $124M |
| Cost of Revenue | $58M |
| GROSS PROFIT | $66M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $70M |
| Other Expenses | $0 |
| Operating Expenses | $70M |
| Cost & Expenses | $128M |
| OPERATING INCOME | -$5M |
| Interest Income | $0 |
| Interest Expense | $934.0K |
| Other Income/Expenses | -$786.0K |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $7M |
| EBIT | -$4M |
| EBITDA | $3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $990.0K |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $27M |
| Change in Working Capital | -$17M |
| OPERATING CASH FLOW | -$14M |
| Capital Expenditure | -$21M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $44.0K |
| Other Investing Activities | $44.0K |
| NET CASH FROM INVESTING | -$21M |
| Net Debt Issuance | -$880.0K |
| Common Stock Repurchased | -$273.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$137.0K |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | -$35M |
| Net Change in Cash | -$36M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9M |
| Short-Term Investments | $0 |
| Net Receivables | $8M |
| Inventory | $145M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $177M |
| PP&E (Net) | $298M |
| Goodwill | $402.0K |
| Intangible Assets | $445.0K |
| Long-Term Investments | $5M |
| Tax Assets | $136.0K |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $312M |
| TOTAL ASSETS | $488M |
| Account Payables | $36M |
| Short-Term Debt | $19M |
| Deferred Revenue | $9M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $88M |
| Long-Term Debt | $26M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $176M |
| TOTAL LIABILITIES | $264M |
| Common Stock | $100M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $129M |
| Treasury Stock | -$2M |
| Accum. Other Comp. Income | -$207.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $227M |
| Minority Interest | -$3M |
| TOTAL EQUITY | $224M |
| TOTAL LIABILITIES & EQUITY | $488M |
| Total Debt | $214M |
| Net Debt | $205M |
