| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $511M | $364M | $438M | 40.5% | 16.8% |
| Op. Income | $54M | -$462M | $126M | 111.7% | -56.9% |
| Gross Margin | 76.1% | 79.6% | 78.5% | -3.4pp | -2.3pp |
| Net Margin | -1.8% | -139.9% | 19.2% | 138.1pp | -21.0pp |
| EPS (Diluted) | $-0.06 | $-3.07 | $0.00 | 98.2% | -Infinity% |
| Free Cash Flow | -$105M | -$125M | -$24M | 15.9% | -333.5% |
| Item | Amount |
|---|---|
| REVENUE | $511M |
| Cost of Revenue | $122M |
| GROSS PROFIT | $389M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $239M |
| Other Expenses | $96M |
| Operating Expenses | $335M |
| Cost & Expenses | $457M |
| OPERATING INCOME | $54M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$64M |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $397.0K |
| Net Income from Continuing Ops | -$9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | $79M |
| EBIT | $71M |
| EBITDA | $150M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $100M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $16M |
| Change in Working Capital | -$198M |
| OPERATING CASH FLOW | -$91M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$14M |
| NET CASH FROM INVESTING | -$27M |
| Net Debt Issuance | -$9M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$9M |
| FREE CASH FLOW | -$105M |
| Net Change in Cash | -$130M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $166M |
| Short-Term Investments | $0 |
| Net Receivables | $472M |
| Inventory | $206M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $972M |
| PP&E (Net) | $201M |
| Goodwill | $2.9B |
| Intangible Assets | $2.2B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $391M |
| TOTAL NON-CURRENT ASSETS | $5.6B |
| TOTAL ASSETS | $6.6B |
| Account Payables | $114M |
| Short-Term Debt | $21M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $845M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $3.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $822M |
| TOTAL NON-CURRENT LIABILITIES | $4.5B |
| TOTAL LIABILITIES | $5.7B |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$607M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $939M |
| Minority Interest | $0 |
| TOTAL EQUITY | $939M |
| TOTAL LIABILITIES & EQUITY | $6.6B |
| Total Debt | $3.7B |
| Net Debt | $3.5B |
