| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $318M | $324M | — | -1.6% | — |
| Op. Income | $12M | -$18M | — | 165.2% | — |
| Gross Margin | 16.8% | 10.9% | — | 5.9pp | — |
| Net Margin | 6.4% | -23.4% | — | 29.8pp | — |
| EPS (Diluted) | $0.38 | $-1.84 | — | 120.7% | — |
| Free Cash Flow | -$40M | $32M | — | -224.0% | — |
| Item | Amount |
|---|---|
| REVENUE | $318M |
| Cost of Revenue | $265M |
| GROSS PROFIT | $54M |
| R&D Expenses | $11M |
| Selling & Marketing | $800.0K |
| General & Administrative | $32M |
| SG&A Expenses | $33M |
| Other Expenses | -$2M |
| Operating Expenses | $42M |
| Cost & Expenses | $307M |
| OPERATING INCOME | $12M |
| Interest Income | $2M |
| Interest Expense | $11M |
| Other Income/Expenses | $15M |
| INCOME BEFORE TAX | $26M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $14M |
| EBIT | $12M |
| EBITDA | $26M |
| EPS | $46 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $318M |
| Cost of Revenue | $265M |
| GROSS PROFIT | $54M |
| R&D Expenses | $11M |
| Selling & Marketing | $800.0K |
| General & Administrative | $32M |
| SG&A Expenses | $33M |
| Other Expenses | -$2M |
| Operating Expenses | $42M |
| Cost & Expenses | $307M |
| OPERATING INCOME | $12M |
| Interest Income | $2M |
| Interest Expense | $11M |
| Other Income/Expenses | $15M |
| INCOME BEFORE TAX | $26M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $14M |
| EBIT | $12M |
| EBITDA | $26M |
| EPS | $46 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $20M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $188.0K |
| Other Non-Cash Items | -$31M |
| Change in Working Capital | -$32M |
| OPERATING CASH FLOW | -$23M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$10.0K |
| Sales/Maturities of Investments | $76M |
| Other Investing Activities | -$118.0K |
| NET CASH FROM INVESTING | $59M |
| Net Debt Issuance | -$191.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$191.0K |
| FREE CASH FLOW | -$40M |
| Net Change in Cash | $36M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $279M |
| Short-Term Investments | $0 |
| Net Receivables | $120M |
| Inventory | $316M |
| Other Current Assets | $31M |
| TOTAL CURRENT ASSETS | $781M |
| PP&E (Net) | $392M |
| Goodwill | $0 |
| Intangible Assets | $340.0K |
| Long-Term Investments | $6M |
| Tax Assets | $10M |
| Other Non-Current Assets | $78M |
| TOTAL NON-CURRENT ASSETS | $487M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $214M |
| Short-Term Debt | $50M |
| Deferred Revenue | $220M |
| Other Current Liabilities | $50M |
| TOTAL CURRENT LIABILITIES | $602M |
| Long-Term Debt | $382M |
| Deferred Revenue NC | $108M |
| Deferred Tax Liabilities | $15M |
| Other Non-Current Liabilities | $67M |
| TOTAL NON-CURRENT LIABILITIES | $591M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $0 |
| Additional Paid-In Capital | $589M |
| Retained Earnings | -$500M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$20M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $68M |
| Minority Interest | $6M |
| TOTAL EQUITY | $74M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $457M |
| Net Debt | $178M |
