| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $443M | $426M | $565M | 4.0% | -21.6% |
| Op. Income | -$7M | -$18M | $65M | 63.4% | -110.3% |
| Gross Margin | 10.0% | 7.2% | 21.3% | 2.7pp | -11.4pp |
| Net Margin | -1.9% | -3.6% | 8.1% | 1.7pp | -10.0pp |
| EPS (Diluted) | $-0.07 | $-0.13 | $0.40 | 45.2% | -117.8% |
| Free Cash Flow | $16M | -$126M | $52M | 112.4% | -69.6% |
| Item | Amount |
|---|---|
| REVENUE | $443M |
| Cost of Revenue | $399M |
| GROSS PROFIT | $44M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $52M |
| SG&A Expenses | $52M |
| Other Expenses | -$2M |
| Operating Expenses | $51M |
| Cost & Expenses | $450M |
| OPERATING INCOME | -$7M |
| Interest Income | $2M |
| Interest Expense | $4M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$12M |
| Income Tax Expense | -$4M |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $13M |
| EBIT | -$8M |
| EBITDA | $5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$27M |
| Change in Working Capital | $56M |
| OPERATING CASH FLOW | $33M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$18M |
| Net Debt Issuance | -$200.0K |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | -$22M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$24M |
| FREE CASH FLOW | $16M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $169M |
| Short-Term Investments | $0 |
| Net Receivables | $308M |
| Inventory | $541M |
| Other Current Assets | $38M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $511M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $123M |
| Tax Assets | $71M |
| Other Non-Current Assets | $18M |
| TOTAL NON-CURRENT ASSETS | $723M |
| TOTAL ASSETS | $1.8B |
| Account Payables | $135M |
| Short-Term Debt | $700.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $24M |
| TOTAL CURRENT LIABILITIES | $261M |
| Long-Term Debt | $432M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $26M |
| Other Non-Current Liabilities | $166M |
| TOTAL NON-CURRENT LIABILITIES | $642M |
| TOTAL LIABILITIES | $902M |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | -$173M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$342M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $877M |
| Minority Interest | $0 |
| TOTAL EQUITY | $877M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $454M |
| Net Debt | $285M |
