| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $144M | $197M | $201M | -26.8% | -28.4% |
| Op. Income | $200.0K | $35M | $28M | -99.4% | -99.3% |
| Gross Margin | 35.4% | 42.4% | 39.7% | -7.0pp | -4.3pp |
| Net Margin | -3.6% | -105.5% | 9.0% | 101.9pp | -12.6pp |
| EPS (Diluted) | $-0.06 | $-2.30 | $0.19 | 97.5% | -129.9% |
| Free Cash Flow | $16M | $39M | -$6M | -58.4% | 373.3% |
| Item | Amount |
|---|---|
| REVENUE | $144M |
| Cost of Revenue | $93M |
| GROSS PROFIT | $51M |
| R&D Expenses | $19M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $32M |
| Other Expenses | $0 |
| Operating Expenses | $51M |
| Cost & Expenses | $144M |
| OPERATING INCOME | $200.0K |
| Interest Income | $0 |
| Interest Expense | $800.0K |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $12M |
| EBIT | -$3M |
| EBITDA | $9M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $8M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $20M |
| 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 | -$600.0K |
| Common Stock Repurchased | -$8M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | -$13M |
| FREE CASH FLOW | $16M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $52M |
| Short-Term Investments | $0 |
| Net Receivables | $110M |
| Inventory | $209M |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $383M |
| PP&E (Net) | $171M |
| Goodwill | $471M |
| Intangible Assets | $82M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $89M |
| TOTAL NON-CURRENT ASSETS | $813M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $71M |
| Short-Term Debt | $7M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $24M |
| TOTAL CURRENT LIABILITIES | $125M |
| Long-Term Debt | $45M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $900.0K |
| Other Non-Current Liabilities | $30M |
| TOTAL NON-CURRENT LIABILITIES | $83M |
| TOTAL LIABILITIES | $208M |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$453M |
| Treasury Stock | -$111M |
| Accum. Other Comp. Income | -$118M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $987M |
| Minority Interest | $0 |
| TOTAL EQUITY | $987M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $59M |
| Net Debt | $7M |
