| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $275M | $291M | $301M | -5.7% | -8.6% |
| Op. Income | $63M | $97M | $117M | -35.1% | -46.2% |
| Gross Margin | 64.4% | 69.7% | 69.8% | -5.3pp | -5.4pp |
| Net Margin | -6.3% | 21.4% | 32.3% | -27.7pp | -38.6pp |
| EPS (Diluted) | $-0.30 | $1.07 | $1.70 | -128.0% | -117.6% |
| Free Cash Flow | $49M | $28M | $72M | 79.6% | -31.5% |
| Item | Amount |
|---|---|
| REVENUE | $275M |
| Cost of Revenue | $98M |
| GROSS PROFIT | $177M |
| R&D Expenses | $17M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $82M |
| Other Expenses | $15M |
| Operating Expenses | $114M |
| Cost & Expenses | $212M |
| OPERATING INCOME | $63M |
| Interest Income | $0 |
| Interest Expense | $22M |
| Other Income/Expenses | -$91M |
| INCOME BEFORE TAX | -$28M |
| Income Tax Expense | -$10M |
| Net Income from Continuing Ops | -$17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$17M |
| D&A | $8M |
| EBIT | -$6M |
| EBITDA | $2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$17M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$27M |
| Other Non-Cash Items | $64M |
| Change in Working Capital | $26M |
| OPERATING CASH FLOW | $58M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$9M |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | $49M |
| Net Change in Cash | $39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $331M |
| Short-Term Investments | $0 |
| Net Receivables | $23M |
| Inventory | $123M |
| Other Current Assets | $110M |
| TOTAL CURRENT ASSETS | $665M |
| PP&E (Net) | $302M |
| Goodwill | $16M |
| Intangible Assets | $9M |
| Long-Term Investments | $0 |
| Tax Assets | $96M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $422M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $41M |
| Short-Term Debt | $10M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $301M |
| Long-Term Debt | $1.6B |
| Deferred Revenue NC | -$46M |
| Deferred Tax Liabilities | $46M |
| Other Non-Current Liabilities | $42M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $2.0B |
| Common Stock | $600.0K |
| Additional Paid-In Capital | $10M |
| Retained Earnings | -$577M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$325M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$891M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$891M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $1.6B |
| Net Debt | $1.3B |
