| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $310M | $530M | $304M | -41.5% | 1.9% |
| Op. Income | $10M | $13M | $4M | -20.9% | 154.5% |
| Gross Margin | 44.6% | 32.5% | 42.5% | 12.1pp | 2.0pp |
| Net Margin | -0.5% | -0.6% | -0.8% | 0.1pp | 0.2pp |
| EPS (Diluted) | $-0.05 | $-0.10 | $-0.07 | 50.0% | 30.1% |
| Free Cash Flow | -$23M | $78M | -$129M | -129.5% | 82.1% |
| Item | Amount |
|---|---|
| REVENUE | $310M |
| Cost of Revenue | $172M |
| GROSS PROFIT | $138M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $119M |
| Other Expenses | $10M |
| Operating Expenses | $128M |
| Cost & Expenses | $300M |
| OPERATING INCOME | $10M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | -$524.0K |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $9M |
| EBIT | $10M |
| EBITDA | $19M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$112.0K |
| Other Non-Cash Items | $745.0K |
| Change in Working Capital | -$20M |
| OPERATING CASH FLOW | -$11M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | -$23M |
| Net Change in Cash | -$32M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7M |
| Short-Term Investments | $0 |
| Net Receivables | $39M |
| Inventory | $376M |
| Other Current Assets | $48M |
| TOTAL CURRENT ASSETS | $470M |
| PP&E (Net) | $158M |
| Goodwill | $107M |
| Intangible Assets | $257M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $525M |
| TOTAL ASSETS | $995M |
| Account Payables | $110M |
| Short-Term Debt | $14M |
| Deferred Revenue | $40M |
| Other Current Liabilities | $40M |
| TOTAL CURRENT LIABILITIES | $218M |
| Long-Term Debt | $321M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $46M |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $402M |
| TOTAL LIABILITIES | $620M |
| Common Stock | $325.0K |
| Additional Paid-In Capital | $362M |
| Retained Earnings | $30M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$17M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $375M |
| Minority Interest | $0 |
| TOTAL EQUITY | $375M |
| TOTAL LIABILITIES & EQUITY | $995M |
| Total Debt | $372M |
| Net Debt | $365M |
