| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $426M | $342M | $563M | 24.5% | -24.3% |
| Op. Income | -$18M | -$20M | $83M | 7.1% | -122.0% |
| Gross Margin | 7.2% | 10.9% | 26.5% | -3.7pp | -19.3pp |
| Net Margin | -3.6% | -5.8% | 10.2% | 2.2pp | -13.8pp |
| EPS (Diluted) | $-0.13 | $-0.17 | $0.50 | 23.5% | -126.0% |
| Free Cash Flow | -$126M | $4M | -$33M | -3421.1% | -284.8% |
| Item | Amount |
|---|---|
| REVENUE | $426M |
| Cost of Revenue | $396M |
| GROSS PROFIT | $31M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $54M |
| SG&A Expenses | $54M |
| Other Expenses | -$5M |
| Operating Expenses | $49M |
| Cost & Expenses | $445M |
| OPERATING INCOME | -$18M |
| Interest Income | $2M |
| Interest Expense | $4M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$22M |
| Income Tax Expense | -$7M |
| Net Income from Continuing Ops | -$15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$15M |
| D&A | $14M |
| EBIT | -$18M |
| EBITDA | -$4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$15M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$108M |
| OPERATING CASH FLOW | -$110M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | -$200.0K |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | -$22M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$24M |
| FREE CASH FLOW | -$126M |
| Net Change in Cash | -$150M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $178M |
| Short-Term Investments | $0 |
| Net Receivables | $302M |
| Inventory | $613M |
| Other Current Assets | $43M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $511M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $116M |
| Tax Assets | $51M |
| Other Non-Current Assets | $18M |
| TOTAL NON-CURRENT ASSETS | $696M |
| TOTAL ASSETS | $1.8B |
| Account Payables | $145M |
| Short-Term Debt | $900.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $23M |
| TOTAL CURRENT LIABILITIES | $260M |
| Long-Term Debt | $434M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $25M |
| Other Non-Current Liabilities | $184M |
| TOTAL NON-CURRENT LIABILITIES | $660M |
| TOTAL LIABILITIES | $919M |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | -$143M |
| Treasury Stock | -$2M |
| Accum. Other Comp. Income | -$338M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $912M |
| Minority Interest | $0 |
| TOTAL EQUITY | $912M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $455M |
| Net Debt | $278M |
