| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $442M | — | $188M | — | 134.8% |
| Op. Income | -$52M | — | -$88M | — | 40.8% |
| Gross Margin | 2.4% | — | -31.4% | — | 33.8pp |
| Net Margin | -12.7% | — | -46.3% | — | 33.6pp |
| EPS (Diluted) | $-0.49 | — | $-1.76 | — | 72.2% |
| Free Cash Flow | -$227M | — | -$127M | — | -78.1% |
| Item | Amount |
|---|---|
| REVENUE | $442M |
| Cost of Revenue | $431M |
| GROSS PROFIT | $11M |
| R&D Expenses | $18M |
| Selling & Marketing | $10M |
| General & Administrative | $33M |
| SG&A Expenses | $42M |
| Other Expenses | -$50M |
| Operating Expenses | $11M |
| Cost & Expenses | $442M |
| OPERATING INCOME | -$52M |
| Interest Income | $0 |
| Interest Expense | $80.0K |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$54M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$56M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$56M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$37M |
| D&A | $2M |
| EBIT | -$54M |
| EBITDA | -$52M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$56M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | $516.0K |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$194M |
| OPERATING CASH FLOW | -$221M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$110M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$115M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$22.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$11M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$227M |
| Net Change in Cash | -$332M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $357M |
| Short-Term Investments | $110M |
| Net Receivables | $352M |
| Inventory | $653M |
| Other Current Assets | $69M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $14M |
| Goodwill | $25M |
| Intangible Assets | $52M |
| Long-Term Investments | $0 |
| Tax Assets | $3M |
| Other Non-Current Assets | $51M |
| TOTAL NON-CURRENT ASSETS | $144M |
| TOTAL ASSETS | $1.7B |
| Account Payables | $305M |
| Short-Term Debt | $0 |
| Deferred Revenue | $273M |
| Other Current Liabilities | $28M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5M |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $7M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $543M |
| Retained Earnings | -$105M |
| Treasury Stock | -$5M |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $436M |
| Minority Interest | $193M |
| TOTAL EQUITY | $629M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $3M |
| Net Debt | -$355M |
