| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $67M | $126M | $35M | -47.0% | 89.5% |
| Op. Income | $8M | $31M | -$3M | -73.5% | 344.1% |
| Gross Margin | 34.4% | 38.4% | 17.8% | -4.0pp | 16.5pp |
| Net Margin | 10.8% | 16.9% | -1.1% | -6.1pp | 11.9pp |
| EPS (Diluted) | $0.47 | $1.42 | $-0.03 | -66.9% | 1809.1% |
| Free Cash Flow | -$10M | $56M | -$16M | -118.0% | 36.7% |
| Item | Amount |
|---|---|
| REVENUE | $67M |
| Cost of Revenue | $44M |
| GROSS PROFIT | $23M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $10M |
| Other Expenses | $4M |
| Operating Expenses | $15M |
| Cost & Expenses | $59M |
| OPERATING INCOME | $8M |
| Interest Income | $0 |
| Interest Expense | $300.0K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $1M |
| EBIT | $10M |
| EBITDA | $11M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $67M |
| Cost of Revenue | $44M |
| GROSS PROFIT | $23M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $10M |
| Other Expenses | $4M |
| Operating Expenses | $15M |
| Cost & Expenses | $59M |
| OPERATING INCOME | $8M |
| Interest Income | $0 |
| Interest Expense | $300.0K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $1M |
| EBIT | $10M |
| EBITDA | $11M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $7M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | -$18M |
| OPERATING CASH FLOW | -$10M |
| Capital Expenditure | -$300.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$300.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $19M |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | $9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $189M |
| Short-Term Investments | $0 |
| Net Receivables | $34M |
| Inventory | $209M |
| Other Current Assets | $145M |
| TOTAL CURRENT ASSETS | $577M |
| PP&E (Net) | $5M |
| Goodwill | $0 |
| Intangible Assets | $45M |
| Long-Term Investments | $32M |
| Tax Assets | $25M |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $112M |
| TOTAL ASSETS | $689M |
| Account Payables | $55M |
| Short-Term Debt | $6M |
| Deferred Revenue | $273M |
| Other Current Liabilities | $17M |
| TOTAL CURRENT LIABILITIES | $385M |
| Long-Term Debt | $166M |
| Deferred Revenue NC | $46M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $137M |
| TOTAL NON-CURRENT LIABILITIES | $349M |
| TOTAL LIABILITIES | $734M |
| Common Stock | $2M |
| Additional Paid-In Capital | $181M |
| Retained Earnings | -$227M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $100.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$45M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$45M |
| TOTAL LIABILITIES & EQUITY | $689M |
| Total Debt | $172M |
| Net Debt | -$17M |
