| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $213M | $195M | $228M | 9.1% | -6.7% |
| Op. Income | -$25M | -$27M | -$4M | 6.7% | -506.9% |
| Gross Margin | 33.4% | 33.5% | 37.5% | -0.0pp | -4.1pp |
| Net Margin | -14.8% | -15.5% | -3.3% | 0.7pp | -11.6pp |
| EPS (Diluted) | $-3.40 | $-3.20 | $-0.81 | -6.2% | -317.7% |
| Free Cash Flow | -$71M | -$190M | -$20M | 62.8% | -251.5% |
| Item | Amount |
|---|---|
| REVENUE | $213M |
| Cost of Revenue | $142M |
| GROSS PROFIT | $71M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $96M |
| Other Expenses | $0 |
| Operating Expenses | $96M |
| Cost & Expenses | $238M |
| OPERATING INCOME | -$25M |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | -$42M |
| Income Tax Expense | -$11M |
| Net Income from Continuing Ops | -$32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$32M |
| D&A | $9M |
| EBIT | -$25M |
| EBITDA | -$16M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$32M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$11M |
| Other Non-Cash Items | $12M |
| Change in Working Capital | -$43M |
| OPERATING CASH FLOW | -$62M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $688.0K |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | $79M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$222.0K |
| NET CASH FROM FINANCING | $77M |
| FREE CASH FLOW | -$71M |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9M |
| Short-Term Investments | $0 |
| Net Receivables | $38M |
| Inventory | $492M |
| Other Current Assets | $38M |
| TOTAL CURRENT ASSETS | $592M |
| PP&E (Net) | $312M |
| Goodwill | $176M |
| Intangible Assets | $40M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $43M |
| TOTAL NON-CURRENT ASSETS | $572M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $140M |
| Short-Term Debt | $70M |
| Deferred Revenue | $6M |
| Other Current Liabilities | $58M |
| TOTAL CURRENT LIABILITIES | $292M |
| Long-Term Debt | $949M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $676.0K |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $184.0K |
| Additional Paid-In Capital | $95M |
| Retained Earnings | -$350M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$255M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$255M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $1.2B |
| Net Debt | $1.2B |
