| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $481M | $522M | $605M | -7.8% | -20.4% |
| Op. Income | $16M | $27M | $52M | -41.5% | -69.2% |
| Gross Margin | 72.3% | 71.7% | 73.3% | 0.6pp | -1.0pp |
| Net Margin | 2.4% | 11.0% | 6.4% | -8.6pp | -4.0pp |
| EPS (Diluted) | $0.23 | $1.15 | $0.76 | -80.0% | -69.7% |
| Free Cash Flow | -$34M | $12M | -$3M | -385.8% | -1125.9% |
| Item | Amount |
|---|---|
| REVENUE | $481M |
| Cost of Revenue | $134M |
| GROSS PROFIT | $348M |
| R&D Expenses | $0 |
| Selling & Marketing | $188M |
| General & Administrative | $134M |
| SG&A Expenses | $322M |
| Other Expenses | $10M |
| Operating Expenses | $332M |
| Cost & Expenses | $465M |
| OPERATING INCOME | $16M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $17M |
| EBIT | $19M |
| EBITDA | $36M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $481M |
| Cost of Revenue | $134M |
| GROSS PROFIT | $348M |
| R&D Expenses | $0 |
| Selling & Marketing | $188M |
| General & Administrative | $134M |
| SG&A Expenses | $322M |
| Other Expenses | $10M |
| Operating Expenses | $332M |
| Cost & Expenses | $465M |
| OPERATING INCOME | $16M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $17M |
| EBIT | $19M |
| EBITDA | $36M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $11M |
| Depreciation & Amortization | $26M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$72.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$61M |
| OPERATING CASH FLOW | -$22M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$8M |
| Sales/Maturities of Investments | $5M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | $17M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$19M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$34M |
| Net Change in Cash | -$35M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $230M |
| Short-Term Investments | $17M |
| Net Receivables | $60M |
| Inventory | $367M |
| Other Current Assets | $100M |
| TOTAL CURRENT ASSETS | $774M |
| PP&E (Net) | $537M |
| Goodwill | $206M |
| Intangible Assets | $65M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $243M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $1.8B |
| Account Payables | $49M |
| Short-Term Debt | $48M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $373M |
| Long-Term Debt | $373M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $108M |
| TOTAL NON-CURRENT LIABILITIES | $559M |
| TOTAL LIABILITIES | $932M |
| Common Stock | $91.0K |
| Additional Paid-In Capital | $611M |
| Retained Earnings | $1.9B |
| Treasury Stock | -$1.6B |
| Accum. Other Comp. Income | -$91M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $893M |
| Minority Interest | $0 |
| TOTAL EQUITY | $893M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $499M |
| Net Debt | $269M |
