| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $549M | $660M | $407M | -16.8% | 35.0% |
| Op. Income | -$2M | $27M | $11M | -108.2% | -120.8% |
| Gross Margin | 16.0% | 18.5% | 22.8% | -2.6pp | -6.8pp |
| Net Margin | -1.4% | 0.4% | 0.4% | -1.8pp | -1.8pp |
| EPS (Diluted) | $-0.14 | $0.04 | $0.05 | -450.0% | -380.0% |
| Free Cash Flow | -$40M | $164M | -$5M | -124.3% | -767.4% |
| Item | Amount |
|---|---|
| REVENUE | $549M |
| Cost of Revenue | $461M |
| GROSS PROFIT | $88M |
| R&D Expenses | $7M |
| Selling & Marketing | $20M |
| General & Administrative | $62M |
| SG&A Expenses | $82M |
| Other Expenses | $800.0K |
| Operating Expenses | $90M |
| Cost & Expenses | $551M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | -$19M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | -$16M |
| Net Income from Discontinued Ops | $8M |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $37M |
| EBIT | -$3M |
| EBITDA | $34M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $42M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | $400.0K |
| Change in Working Capital | -$52M |
| OPERATING CASH FLOW | -$21M |
| Capital Expenditure | -$19M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$200.0K |
| NET CASH FROM INVESTING | -$19M |
| Net Debt Issuance | $35M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | -$22M |
| Other Financing Activities | -$300.0K |
| NET CASH FROM FINANCING | $12M |
| FREE CASH FLOW | -$40M |
| Net Change in Cash | -$27M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $97M |
| Short-Term Investments | $0 |
| Net Receivables | $325M |
| Inventory | $544M |
| Other Current Assets | $39M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $923M |
| Goodwill | $871M |
| Intangible Assets | $675M |
| Long-Term Investments | $60M |
| Tax Assets | $35M |
| Other Non-Current Assets | $106M |
| TOTAL NON-CURRENT ASSETS | $2.7B |
| TOTAL ASSETS | $3.7B |
| Account Payables | $254M |
| Short-Term Debt | $35M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $469M |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $158M |
| Other Non-Current Liabilities | $146M |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $2.5B |
| Common Stock | $6M |
| Additional Paid-In Capital | $662M |
| Retained Earnings | $579M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$88M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $3.7B |
| Total Debt | $1.8B |
| Net Debt | $1.7B |
