| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $166M | $135M | $155M | 23.0% | 7.4% |
| Op. Income | $32M | $18M | $53M | 75.9% | -39.7% |
| Gross Margin | 33.5% | 29.4% | 47.5% | 4.1pp | -14.0pp |
| Net Margin | 15.2% | 10.6% | 26.8% | 4.5pp | -11.6pp |
| EPS (Diluted) | $0.34 | $0.19 | $0.54 | 78.1% | -38.0% |
| Free Cash Flow | -$2M | -$3M | $58M | 14.6% | -103.8% |
| Item | Amount |
|---|---|
| REVENUE | $166M |
| Cost of Revenue | $111M |
| GROSS PROFIT | $56M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $12M |
| Other Expenses | $12M |
| Operating Expenses | $24M |
| Cost & Expenses | $134M |
| OPERATING INCOME | $32M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $25M |
| D&A | $12M |
| EBIT | $33M |
| EBITDA | $45M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $166M |
| Cost of Revenue | $111M |
| GROSS PROFIT | $56M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $12M |
| Other Expenses | $12M |
| Operating Expenses | $24M |
| Cost & Expenses | $134M |
| OPERATING INCOME | $32M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $25M |
| D&A | $12M |
| EBIT | $33M |
| EBITDA | $45M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $25M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $499.0K |
| Change in Working Capital | -$21M |
| OPERATING CASH FLOW | $21M |
| Capital Expenditure | -$24M |
| Acquisitions (Net) | $1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$22M |
| Net Debt Issuance | $9M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$6M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $37M |
| Short-Term Investments | $0 |
| Net Receivables | $71M |
| Inventory | $51M |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $178M |
| PP&E (Net) | $457M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $464M |
| TOTAL ASSETS | $641M |
| Account Payables | $50M |
| Short-Term Debt | $60M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $151M |
| Long-Term Debt | $79M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $38M |
| Other Non-Current Liabilities | $33M |
| TOTAL NON-CURRENT LIABILITIES | $153M |
| TOTAL LIABILITIES | $304M |
| Common Stock | $444.0K |
| Additional Paid-In Capital | $172M |
| Retained Earnings | $165M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $337M |
| Minority Interest | $0 |
| TOTAL EQUITY | $337M |
| TOTAL LIABILITIES & EQUITY | $641M |
| Total Debt | $148M |
| Net Debt | $112M |
