| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $310M | $442M | — | -29.8% | — |
| Op. Income | -$50M | -$52M | — | 4.4% | — |
| Gross Margin | 3.9% | 2.4% | — | 1.4pp | — |
| Net Margin | -12.0% | -12.7% | — | 0.7pp | — |
| EPS (Diluted) | $-0.32 | $-0.49 | — | 34.7% | — |
| Free Cash Flow | -$91M | -$227M | — | 59.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $310M |
| Cost of Revenue | $298M |
| GROSS PROFIT | $12M |
| R&D Expenses | $19M |
| Selling & Marketing | $9M |
| General & Administrative | $31M |
| SG&A Expenses | $40M |
| Other Expenses | -$47M |
| Operating Expenses | $12M |
| Cost & Expenses | $310M |
| OPERATING INCOME | -$50M |
| Interest Income | $656.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $12M |
| INCOME BEFORE TAX | -$38M |
| Income Tax Expense | -$614.0K |
| Net Income from Continuing Ops | -$37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$37M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$25M |
| D&A | $2M |
| EBIT | -$50M |
| EBITDA | -$47M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$37M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$951.0K |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$59M |
| OPERATING CASH FLOW | -$89M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | -$5M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | $21M |
| Common Stock Repurchased | -$288.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $23M |
| FREE CASH FLOW | -$91M |
| Net Change in Cash | -$78M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $287M |
| Short-Term Investments | $110M |
| Net Receivables | $405M |
| Inventory | $1.1B |
| Other Current Assets | $59M |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $17M |
| Goodwill | $26M |
| Intangible Assets | $51M |
| Long-Term Investments | $0 |
| Tax Assets | $3M |
| Other Non-Current Assets | $45M |
| TOTAL NON-CURRENT ASSETS | $142M |
| TOTAL ASSETS | $2.2B |
| Account Payables | $506M |
| Short-Term Debt | $0 |
| Deferred Revenue | $469M |
| Other Current Liabilities | $40M |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $21M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $27M |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $555M |
| Retained Earnings | -$129M |
| Treasury Stock | -$5M |
| Accum. Other Comp. Income | $410.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $421M |
| Minority Interest | $178M |
| TOTAL EQUITY | $599M |
| TOTAL LIABILITIES & EQUITY | $2.2B |
| Total Debt | $23M |
| Net Debt | -$263M |
