| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $278M | $305M | $290M | -8.9% | -4.1% |
| Op. Income | $5M | -$1M | -$19M | 600.0% | 126.3% |
| Gross Margin | 18.0% | 14.1% | 11.4% | 3.9pp | 6.6pp |
| Net Margin | 11.9% | 2.3% | -1.0% | 9.6pp | 12.9pp |
| EPS (Diluted) | $0.28 | $0.05 | $-0.08 | 462.2% | 467.5% |
| Free Cash Flow | $9M | $2M | -$48M | 350.0% | 118.8% |
| Item | Amount |
|---|---|
| REVENUE | $278M |
| Cost of Revenue | $228M |
| GROSS PROFIT | $50M |
| R&D Expenses | $9M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $34M |
| Other Expenses | $2M |
| Operating Expenses | $45M |
| Cost & Expenses | $273M |
| OPERATING INCOME | $5M |
| Interest Income | $8M |
| Interest Expense | $11M |
| Other Income/Expenses | $36M |
| INCOME BEFORE TAX | $41M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $8M |
| EBIT | $52M |
| EBITDA | $60M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $278M |
| Cost of Revenue | $228M |
| GROSS PROFIT | $50M |
| R&D Expenses | $9M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $34M |
| Other Expenses | $2M |
| Operating Expenses | $45M |
| Cost & Expenses | $273M |
| OPERATING INCOME | $5M |
| Interest Income | $8M |
| Interest Expense | $11M |
| Other Income/Expenses | $36M |
| INCOME BEFORE TAX | $41M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $8M |
| EBIT | $52M |
| EBITDA | $60M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $33M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$27M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $14M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | $9M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $225M |
| Short-Term Investments | $0 |
| Net Receivables | $167M |
| Inventory | $251M |
| Other Current Assets | $44M |
| TOTAL CURRENT ASSETS | $687M |
| PP&E (Net) | $191M |
| Goodwill | $12M |
| Intangible Assets | $27M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.4B |
| TOTAL NON-CURRENT ASSETS | $1.6B |
| TOTAL ASSETS | $2.3B |
| Account Payables | $139M |
| Short-Term Debt | $1M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $140M |
| TOTAL CURRENT LIABILITIES | $295M |
| Long-Term Debt | $320M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $405M |
| TOTAL NON-CURRENT LIABILITIES | $754M |
| TOTAL LIABILITIES | $1.0B |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$537M |
| Treasury Stock | -$11M |
| Accum. Other Comp. Income | $455M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $365M |
| Net Debt | $140M |
