| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $276M | $275M | $289M | 0.4% | -4.7% |
| Op. Income | $89M | $63M | $117M | 41.0% | -23.8% |
| Gross Margin | 68.5% | 64.4% | 70.5% | 4.1pp | -2.0pp |
| Net Margin | 12.8% | -6.3% | 34.2% | 19.0pp | -21.4pp |
| EPS (Diluted) | $0.62 | $-0.30 | $1.73 | 306.7% | -64.2% |
| Free Cash Flow | $56M | $49M | $135M | 12.8% | -58.6% |
| Item | Amount |
|---|---|
| REVENUE | $276M |
| Cost of Revenue | $87M |
| GROSS PROFIT | $189M |
| R&D Expenses | $17M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $73M |
| Other Expenses | $10M |
| Operating Expenses | $100M |
| Cost & Expenses | $187M |
| OPERATING INCOME | $89M |
| Interest Income | $0 |
| Interest Expense | $26M |
| Other Income/Expenses | -$33M |
| INCOME BEFORE TAX | $56M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $35M |
| D&A | $7M |
| EBIT | $82M |
| EBITDA | $89M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $276M |
| Cost of Revenue | $87M |
| GROSS PROFIT | $189M |
| R&D Expenses | $17M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $73M |
| Other Expenses | $10M |
| Operating Expenses | $100M |
| Cost & Expenses | $187M |
| OPERATING INCOME | $89M |
| Interest Income | $0 |
| Interest Expense | $26M |
| Other Income/Expenses | -$33M |
| INCOME BEFORE TAX | $56M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $35M |
| D&A | $7M |
| EBIT | $82M |
| EBITDA | $89M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $35M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | $60M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$6M |
| FREE CASH FLOW | $56M |
| Net Change in Cash | $54M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $385M |
| Short-Term Investments | $0 |
| Net Receivables | $20M |
| Inventory | $143M |
| Other Current Assets | $123M |
| TOTAL CURRENT ASSETS | $762M |
| PP&E (Net) | $314M |
| Goodwill | $16M |
| Intangible Assets | $9M |
| Long-Term Investments | -$97M |
| Tax Assets | $97M |
| Other Non-Current Assets | $97M |
| TOTAL NON-CURRENT ASSETS | $435M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $37M |
| Short-Term Debt | $10M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $370M |
| Long-Term Debt | $1.6B |
| Deferred Revenue NC | $33M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$5M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $2.0B |
| Common Stock | $600.0K |
| Additional Paid-In Capital | $13M |
| Retained Earnings | -$551M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$299M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$836M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$836M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $1.6B |
| Net Debt | $1.3B |
