| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $458M | $429M | $391M | 6.6% | 17.2% |
| Op. Income | $63M | $41M | $30M | 55.1% | 108.6% |
| Gross Margin | 27.9% | 23.1% | 22.2% | 4.8pp | 5.7pp |
| Net Margin | 9.3% | 8.6% | 4.6% | 0.7pp | 4.8pp |
| EPS (Diluted) | $0.50 | $0.43 | $0.21 | 16.3% | 138.1% |
| Free Cash Flow | -$42M | $99M | -$40M | -142.0% | -4.0% |
| Item | Amount |
|---|---|
| REVENUE | $458M |
| Cost of Revenue | $330M |
| GROSS PROFIT | $128M |
| R&D Expenses | $14M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $51M |
| Other Expenses | $200.0K |
| Operating Expenses | $65M |
| Cost & Expenses | $395M |
| OPERATING INCOME | $63M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $54M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $43M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $43M |
| D&A | $31M |
| EBIT | $63M |
| EBITDA | $94M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $458M |
| Cost of Revenue | $330M |
| GROSS PROFIT | $128M |
| R&D Expenses | $14M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $51M |
| Other Expenses | $200.0K |
| Operating Expenses | $65M |
| Cost & Expenses | $395M |
| OPERATING INCOME | $63M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $54M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $43M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $43M |
| D&A | $31M |
| EBIT | $63M |
| EBITDA | $94M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $43M |
| Depreciation & Amortization | $31M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$106M |
| OPERATING CASH FLOW | -$23M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$18M |
| Net Debt Issuance | $45M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$11M |
| Other Financing Activities | $400.0K |
| NET CASH FROM FINANCING | $35M |
| FREE CASH FLOW | -$42M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $106M |
| Short-Term Investments | $0 |
| Net Receivables | $294M |
| Inventory | $355M |
| Other Current Assets | $54M |
| TOTAL CURRENT ASSETS | $808M |
| PP&E (Net) | $1.7B |
| Goodwill | $188M |
| Intangible Assets | $68M |
| Long-Term Investments | $53M |
| Tax Assets | $124M |
| Other Non-Current Assets | $17M |
| TOTAL NON-CURRENT ASSETS | $2.1B |
| TOTAL ASSETS | $2.9B |
| Account Payables | $122M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $19M |
| TOTAL CURRENT LIABILITIES | $290M |
| Long-Term Debt | $767M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $124M |
| Other Non-Current Liabilities | $103M |
| TOTAL NON-CURRENT LIABILITIES | $995M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $1M |
| Additional Paid-In Capital | $921M |
| Retained Earnings | $2.1B |
| Treasury Stock | -$1.3B |
| Accum. Other Comp. Income | -$152M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $2.9B |
| Total Debt | $769M |
| Net Debt | $663M |
