| Metric | Q1 2020 | Q4 2019 | Q1 2019 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $267M | $329M | $291M | -18.8% | -8.2% |
| Op. Income | -$21M | -$26M | -$32M | 19.2% | 34.4% |
| Gross Margin | 13.5% | 14.3% | 13.7% | -0.8pp | -0.3pp |
| Net Margin | -41.6% | -18.8% | -6.2% | -22.7pp | -35.4pp |
| EPS (Diluted) | $-2.66 | $-1.58 | $-0.54 | -68.4% | -392.6% |
| Free Cash Flow | -$45M | $12M | -$15M | -475.0% | -200.0% |
| Item | Amount |
|---|---|
| REVENUE | $267M |
| Cost of Revenue | $231M |
| GROSS PROFIT | $36M |
| R&D Expenses | $9M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $48M |
| Operating Expenses | $57M |
| Cost & Expenses | $288M |
| OPERATING INCOME | -$21M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | $75M |
| INCOME BEFORE TAX | $54M |
| Income Tax Expense | $165M |
| Net Income from Continuing Ops | -$111M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$111M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$116M |
| D&A | $10M |
| EBIT | $10M |
| EBITDA | $20M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$111M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $161M |
| Other Non-Cash Items | -$69M |
| Change in Working Capital | -$33M |
| OPERATING CASH FLOW | -$41M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $2M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | -$45M |
| Net Change in Cash | -$49M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $209M |
| Short-Term Investments | $0 |
| Net Receivables | $183M |
| Inventory | $236M |
| Other Current Assets | $41M |
| TOTAL CURRENT ASSETS | $669M |
| PP&E (Net) | $214M |
| Goodwill | $12M |
| Intangible Assets | $43M |
| Long-Term Investments | $6M |
| Tax Assets | $227M |
| Other Non-Current Assets | $49M |
| TOTAL NON-CURRENT ASSETS | $551M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $152M |
| Short-Term Debt | $2M |
| Deferred Revenue | $38M |
| Other Current Liabilities | $89M |
| TOTAL CURRENT LIABILITIES | $340M |
| Long-Term Debt | $111M |
| Deferred Revenue NC | $17M |
| Deferred Tax Liabilities | $30M |
| Other Non-Current Liabilities | $515M |
| TOTAL NON-CURRENT LIABILITIES | $721M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $0 |
| Additional Paid-In Capital | $600M |
| Retained Earnings | -$190M |
| Treasury Stock | -$9M |
| Accum. Other Comp. Income | -$426M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $159M |
| Minority Interest | $0 |
| TOTAL EQUITY | $159M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $172M |
| Net Debt | -$37M |
