| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $956M | $1.0B | $876M | -6.5% | 9.0% |
| Op. Income | -$20M | $45M | $26M | -144.3% | -177.3% |
| Gross Margin | 7.0% | 13.3% | 12.1% | -6.3pp | -5.1pp |
| Net Margin | -3.2% | 3.9% | 1.5% | -7.1pp | -4.7pp |
| EPS (Diluted) | $-0.69 | $0.90 | $0.28 | -176.7% | -346.4% |
| Free Cash Flow | -$22M | -$700.0K | $3M | -3057.1% | -862.1% |
| Item | Amount |
|---|---|
| REVENUE | $956M |
| Cost of Revenue | $889M |
| GROSS PROFIT | $67M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $40M |
| SG&A Expenses | $40M |
| Other Expenses | $47M |
| Operating Expenses | $86M |
| Cost & Expenses | $975M |
| OPERATING INCOME | -$20M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | -$32M |
| Income Tax Expense | -$2M |
| 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 | $42M |
| EBIT | -$19M |
| EBITDA | $23M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$30M |
| Depreciation & Amortization | $42M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $25M |
| Capital Expenditure | -$47M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$46M |
| Net Debt Issuance | $29M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | -$200.0K |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $27M |
| FREE CASH FLOW | -$22M |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $20M |
| Short-Term Investments | $0 |
| Net Receivables | $63M |
| Inventory | $92M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $210M |
| PP&E (Net) | $2.0B |
| Goodwill | $195M |
| Intangible Assets | $27M |
| Long-Term Investments | $0 |
| Tax Assets | $67M |
| Other Non-Current Assets | $21M |
| TOTAL NON-CURRENT ASSETS | $2.3B |
| TOTAL ASSETS | $2.5B |
| Account Payables | $147M |
| Short-Term Debt | $18M |
| Deferred Revenue | $75M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $574M |
| Long-Term Debt | $1.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $55M |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $2.8B |
| Common Stock | $6M |
| Additional Paid-In Capital | $688M |
| Retained Earnings | -$485M |
| Treasury Stock | -$500M |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$297M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$297M |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $2.3B |
| Net Debt | $2.3B |
