| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $469M | $537M | $463M | -12.6% | 1.3% |
| Op. Income | $32M | $58M | $32M | -44.8% | 0.3% |
| Gross Margin | 40.4% | 40.8% | 41.0% | -0.3pp | -0.6pp |
| Net Margin | 2.6% | 6.3% | 2.4% | -3.6pp | 0.2pp |
| EPS (Diluted) | $0.23 | $0.64 | $0.20 | -64.1% | 15.0% |
| Free Cash Flow | -$98M | $11M | -$88M | -1020.8% | -10.4% |
| Item | Amount |
|---|---|
| REVENUE | $469M |
| Cost of Revenue | $280M |
| GROSS PROFIT | $190M |
| R&D Expenses | $13M |
| Selling & Marketing | $46M |
| General & Administrative | $96M |
| SG&A Expenses | $142M |
| Other Expenses | $3M |
| Operating Expenses | $158M |
| Cost & Expenses | $437M |
| OPERATING INCOME | $32M |
| Interest Income | $0 |
| Interest Expense | $20M |
| Other Income/Expenses | -$15M |
| 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 | $23M |
| EBIT | $37M |
| EBITDA | $59M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $469M |
| Cost of Revenue | $280M |
| GROSS PROFIT | $190M |
| R&D Expenses | $13M |
| Selling & Marketing | $46M |
| General & Administrative | $96M |
| SG&A Expenses | $142M |
| Other Expenses | $3M |
| Operating Expenses | $158M |
| Cost & Expenses | $437M |
| OPERATING INCOME | $32M |
| Interest Income | $0 |
| Interest Expense | $20M |
| Other Income/Expenses | -$15M |
| 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 | $23M |
| EBIT | $37M |
| EBITDA | $59M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $12M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$100.0K |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$127M |
| OPERATING CASH FLOW | -$86M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$11M |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | $106M |
| Common Stock Repurchased | -$15M |
| Common Dividends Paid | -$8M |
| Other Financing Activities | $700.0K |
| NET CASH FROM FINANCING | $83M |
| FREE CASH FLOW | -$98M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $184M |
| Short-Term Investments | $0 |
| Net Receivables | $203M |
| Inventory | $540M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $399M |
| Goodwill | $1.3B |
| Intangible Assets | $997M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $62M |
| TOTAL NON-CURRENT ASSETS | $2.8B |
| TOTAL ASSETS | $3.8B |
| Account Payables | $245M |
| Short-Term Debt | $34M |
| Deferred Revenue | $1M |
| Other Current Liabilities | $176M |
| TOTAL CURRENT LIABILITIES | $501M |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $141M |
| Other Non-Current Liabilities | $135M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $2.3B |
| Common Stock | $700.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | $936M |
| Treasury Stock | -$851M |
| Accum. Other Comp. Income | -$177M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $3.8B |
| Total Debt | $1.6B |
| Net Debt | $1.4B |
