| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.0B | $2.2B | — | -7.6% | — |
| Op. Income | $31M | $62M | — | -50.0% | — |
| Gross Margin | 2.8% | 4.0% | — | -1.2pp | — |
| Net Margin | 1.3% | 2.3% | — | -1.0pp | — |
| EPS (Diluted) | $1.08 | $2.12 | — | -49.1% | — |
| Free Cash Flow | -$70M | $102M | — | -169.0% | — |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $56M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $17M |
| Other Expenses | $8M |
| Operating Expenses | $25M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $31M |
| Interest Income | $6M |
| Interest Expense | $5M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $33M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $8M |
| EBIT | $38M |
| EBITDA | $47M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $56M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $17M |
| Other Expenses | $8M |
| Operating Expenses | $25M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $31M |
| Interest Income | $6M |
| Interest Expense | $5M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $33M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $8M |
| EBIT | $38M |
| EBITDA | $47M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $26M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $473.0K |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | -$925.0K |
| Change in Working Capital | -$102M |
| OPERATING CASH FLOW | -$70M |
| Capital Expenditure | -$709.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$6M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$407.0K |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | $9M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$23M |
| Other Financing Activities | $19M |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$70M |
| Net Change in Cash | -$72M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $30M |
| Short-Term Investments | $0 |
| Net Receivables | $345M |
| Inventory | $566M |
| Other Current Assets | $70M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $16M |
| Goodwill | $101M |
| Intangible Assets | $86M |
| Long-Term Investments | $30M |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $233M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $21M |
| Short-Term Debt | $413M |
| Deferred Revenue | $150M |
| Other Current Liabilities | $145M |
| TOTAL CURRENT LIABILITIES | $757M |
| Long-Term Debt | $93M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $18M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $118M |
| TOTAL LIABILITIES | $876M |
| Common Stock | $114.0K |
| Additional Paid-In Capital | $155M |
| Retained Earnings | $215M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $370M |
| Minority Interest | $1M |
| TOTAL EQUITY | $372M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $514M |
| Net Debt | $484M |
