| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $185M | $226M | $330M | -18.1% | -43.9% |
| Op. Income | -$3M | $5M | $25M | -160.6% | -111.7% |
| Gross Margin | 13.9% | 14.7% | 16.8% | -0.8pp | -2.9pp |
| Net Margin | -11.2% | -0.0% | 6.5% | -11.2pp | -17.7pp |
| EPS (Diluted) | $-0.71 | $-0.00 | $0.74 | -354900.0% | -195.9% |
| Free Cash Flow | $23M | -$18M | -$2M | 229.6% | 1521.5% |
| Item | Amount |
|---|---|
| REVENUE | $185M |
| Cost of Revenue | $159M |
| GROSS PROFIT | $26M |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $20M |
| Other Expenses | $4M |
| Operating Expenses | $29M |
| Cost & Expenses | $188M |
| OPERATING INCOME | -$3M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | -$21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$21M |
| D&A | $9M |
| EBIT | -$3M |
| EBITDA | $6M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$21M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $11M |
| Other Non-Cash Items | $117.0K |
| Change in Working Capital | $23M |
| OPERATING CASH FLOW | $27M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$7M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$282.0K |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | $23M |
| Net Change in Cash | $16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $85M |
| Short-Term Investments | $0 |
| Net Receivables | $96M |
| Inventory | $266M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $452M |
| PP&E (Net) | $138M |
| Goodwill | $335M |
| Intangible Assets | $64M |
| Long-Term Investments | $0 |
| Tax Assets | $1M |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $551M |
| TOTAL ASSETS | $1.0B |
| Account Payables | $64M |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $106M |
| Long-Term Debt | $285M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $29.0K |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $320M |
| TOTAL LIABILITIES | $426M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $442M |
| Retained Earnings | $227M |
| Treasury Stock | -$92M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $577M |
| Minority Interest | $0 |
| TOTAL EQUITY | $577M |
| TOTAL LIABILITIES & EQUITY | $1.0B |
| Total Debt | $332M |
| Net Debt | $248M |
