| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $178M | $200M | $191M | -10.7% | -6.9% |
| Op. Income | $5M | $6M | $8M | -13.4% | -37.6% |
| Gross Margin | 21.1% | 17.5% | 19.5% | 3.6pp | 1.7pp |
| Net Margin | -8.8% | -1.6% | -7.1% | -7.2pp | -1.7pp |
| EPS (Diluted) | $-0.03 | $-0.01 | $-0.03 | -390.6% | -3.6% |
| Free Cash Flow | -$28M | -$14M | $6M | -100.1% | -573.0% |
| Item | Amount |
|---|---|
| REVENUE | $178M |
| Cost of Revenue | $140M |
| GROSS PROFIT | $38M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $22M |
| Operating Expenses | $33M |
| Cost & Expenses | $173M |
| OPERATING INCOME | $5M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | -$16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$16M |
| D&A | $35M |
| EBIT | -$221.0K |
| EBITDA | $34M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$16M |
| Depreciation & Amortization | $35M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $17M |
| Change in Working Capital | -$17M |
| OPERATING CASH FLOW | $24M |
| Capital Expenditure | -$51M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $80.0K |
| NET CASH FROM INVESTING | -$51M |
| Net Debt Issuance | $29M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | -$4M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $37M |
| FREE CASH FLOW | -$28M |
| Net Change in Cash | $11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $107M |
| Short-Term Investments | $0 |
| Net Receivables | $31M |
| Inventory | $95M |
| Other Current Assets | $27M |
| TOTAL CURRENT ASSETS | $259M |
| PP&E (Net) | $2.6B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $21M |
| Tax Assets | $3M |
| Other Non-Current Assets | $37M |
| TOTAL NON-CURRENT ASSETS | $2.7B |
| TOTAL ASSETS | $2.9B |
| Account Payables | $82M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $151M |
| Long-Term Debt | $560M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $119M |
| Other Non-Current Liabilities | $123M |
| TOTAL NON-CURRENT LIABILITIES | $801M |
| TOTAL LIABILITIES | $953M |
| Common Stock | $153M |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | -$431M |
| Treasury Stock | -$34M |
| Accum. Other Comp. Income | $14M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $2.9B |
| Total Debt | $571M |
| Net Debt | $464M |
