| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $57M | $72M | $72M | -21.1% | -21.3% |
| Op. Income | $149.0K | $5M | $9M | -96.9% | -98.3% |
| Gross Margin | 19.4% | 22.4% | 27.8% | -3.0pp | -8.4pp |
| Net Margin | -1.7% | 3.7% | 9.2% | -5.4pp | -10.9pp |
| EPS (Diluted) | $-0.07 | $0.20 | $0.49 | -134.9% | -114.2% |
| Free Cash Flow | $4M | $14M | -$4M | -72.8% | 205.8% |
| Item | Amount |
|---|---|
| REVENUE | $57M |
| Cost of Revenue | $46M |
| GROSS PROFIT | $11M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $10M |
| Other Expenses | $620.0K |
| Operating Expenses | $11M |
| Cost & Expenses | $57M |
| OPERATING INCOME | $149.0K |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | -$256.0K |
| Net Income from Continuing Ops | -$952.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$952.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$952.0K |
| D&A | $1M |
| EBIT | $149.0K |
| EBITDA | $2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$952.0K |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $459.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $5M |
| Capital Expenditure | -$704.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$704.0K |
| Net Debt Issuance | $344.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$2M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $4M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6M |
| Short-Term Investments | $0 |
| Net Receivables | $50M |
| Inventory | $122M |
| Other Current Assets | $175.0K |
| TOTAL CURRENT ASSETS | $184M |
| PP&E (Net) | $34M |
| Goodwill | $42M |
| Intangible Assets | $31M |
| Long-Term Investments | $0 |
| Tax Assets | $5M |
| Other Non-Current Assets | -$1M |
| TOTAL NON-CURRENT ASSETS | $110M |
| TOTAL ASSETS | $294M |
| Account Payables | $17M |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$991.0K |
| TOTAL CURRENT LIABILITIES | $36M |
| Long-Term Debt | $88M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5M |
| Other Non-Current Liabilities | $407.0K |
| TOTAL NON-CURRENT LIABILITIES | $101M |
| TOTAL LIABILITIES | $137M |
| Common Stock | $14M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $143M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $156M |
| Minority Interest | $0 |
| TOTAL EQUITY | $156M |
| TOTAL LIABILITIES & EQUITY | $294M |
| Total Debt | $106M |
| Net Debt | $100M |
