| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $362M | $362M | $445M | 0.0% | -18.8% |
| Op. Income | -$17M | -$17M | -$14M | 0.0% | -22.6% |
| Gross Margin | 11.2% | 11.2% | 12.4% | 0.0pp | -1.2pp |
| Net Margin | -4.1% | -4.1% | -2.1% | 0.0pp | -1.9pp |
| EPS (Diluted) | $-0.77 | $-0.77 | $-0.51 | 0.0% | -51.0% |
| Free Cash Flow | -$51M | -$51M | -$28M | 0.0% | -82.7% |
| Item | Amount |
|---|---|
| REVENUE | $362M |
| Cost of Revenue | $321M |
| GROSS PROFIT | $41M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $58M |
| Other Expenses | $0 |
| Operating Expenses | $56M |
| Cost & Expenses | $379M |
| OPERATING INCOME | -$17M |
| Interest Income | $179.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$16M |
| Income Tax Expense | -$892.5K |
| Net Income from Continuing Ops | -$15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$15M |
| D&A | $3M |
| EBIT | -$17M |
| EBITDA | -$14M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$15M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$49M |
| Change in Working Capital | $14M |
| OPERATING CASH FLOW | -$37M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$205.5K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $14M |
| NET CASH FROM FINANCING | $13M |
| FREE CASH FLOW | -$51M |
| Net Change in Cash | -$35M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $52M |
| Short-Term Investments | $0 |
| Net Receivables | $58M |
| Inventory | $138M |
| Other Current Assets | $16M |
| TOTAL CURRENT ASSETS | $276M |
| PP&E (Net) | $146M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $6M |
| Tax Assets | $3M |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $164M |
| TOTAL ASSETS | $440M |
| Account Payables | $125M |
| Short-Term Debt | $33M |
| Deferred Revenue | $16M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $220M |
| Long-Term Debt | $1M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $850.0K |
| TOTAL NON-CURRENT LIABILITIES | $76M |
| TOTAL LIABILITIES | $296M |
| Common Stock | $8M |
| Additional Paid-In Capital | $251M |
| Retained Earnings | -$101M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$14M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $144M |
| Minority Interest | $0 |
| TOTAL EQUITY | $144M |
| TOTAL LIABILITIES & EQUITY | $440M |
| Total Debt | $120M |
| Net Debt | $68M |
