| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $403M | $440M | $341M | -8.3% | 18.1% |
| Op. Income | $30M | $8M | $21M | 292.9% | 40.8% |
| Gross Margin | 12.4% | 8.9% | 11.0% | 3.5pp | 1.4pp |
| Net Margin | 6.0% | 1.3% | 4.9% | 4.7pp | 1.1pp |
| EPS (Diluted) | $0.58 | $0.13 | $0.36 | 346.2% | 61.1% |
| Free Cash Flow | $2M | -$42M | -$34M | 105.6% | 106.9% |
| Item | Amount |
|---|---|
| REVENUE | $403M |
| Cost of Revenue | $353M |
| GROSS PROFIT | $50M |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $16M |
| Other Expenses | $0 |
| Operating Expenses | $20M |
| Cost & Expenses | $373M |
| OPERATING INCOME | $30M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $61.0K |
| INCOME BEFORE TAX | $30M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $24M |
| D&A | $1M |
| EBIT | $30M |
| EBITDA | $31M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $403M |
| Cost of Revenue | $353M |
| GROSS PROFIT | $50M |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $16M |
| Other Expenses | $0 |
| Operating Expenses | $20M |
| Cost & Expenses | $373M |
| OPERATING INCOME | $30M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $61.0K |
| INCOME BEFORE TAX | $30M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $24M |
| D&A | $1M |
| EBIT | $30M |
| EBITDA | $31M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $24M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$23M |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$427.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$427.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$309.0K |
| NET CASH FROM FINANCING | -$309.0K |
| FREE CASH FLOW | $2M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $31M |
| Short-Term Investments | $0 |
| Net Receivables | $517M |
| Inventory | $226M |
| Other Current Assets | $47M |
| TOTAL CURRENT ASSETS | $821M |
| PP&E (Net) | $7M |
| Goodwill | $265M |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $34M |
| TOTAL NON-CURRENT ASSETS | $308M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $315M |
| Short-Term Debt | $0 |
| Deferred Revenue | $135M |
| Other Current Liabilities | $104M |
| TOTAL CURRENT LIABILITIES | $561M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $29M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $13M |
| TOTAL NON-CURRENT LIABILITIES | $42M |
| TOTAL LIABILITIES | $602M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $17M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $527M |
| Minority Interest | $0 |
| TOTAL EQUITY | $527M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $0 |
| Net Debt | -$31M |
