| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $291M | $298M | $319M | -2.4% | -8.8% |
| Op. Income | -$23M | -$38M | $5M | 40.1% | -551.7% |
| Gross Margin | 43.0% | 40.9% | 47.1% | 2.1pp | -4.0pp |
| Net Margin | -5.2% | -9.5% | 2.6% | 4.4pp | -7.7pp |
| EPS (Diluted) | $-0.33 | $-0.64 | $0.17 | 48.4% | -294.1% |
| Free Cash Flow | $3M | $68M | -$31M | -96.2% | 108.4% |
| Item | Amount |
|---|---|
| REVENUE | $291M |
| Cost of Revenue | $166M |
| GROSS PROFIT | $125M |
| R&D Expenses | $23M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $125M |
| Other Expenses | $0 |
| Operating Expenses | $148M |
| Cost & Expenses | $314M |
| OPERATING INCOME | -$23M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$21M |
| Income Tax Expense | -$6M |
| 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 | $24M |
| EBIT | -$23M |
| EBITDA | $1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$15M |
| Depreciation & Amortization | $24M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | -$8M |
| Other Non-Cash Items | $10M |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | $13M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$14M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | $3M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $340M |
| Short-Term Investments | $11M |
| Net Receivables | $322M |
| Inventory | $141M |
| Other Current Assets | $92M |
| TOTAL CURRENT ASSETS | $935M |
| PP&E (Net) | $127M |
| Goodwill | $735M |
| Intangible Assets | $312M |
| Long-Term Investments | $33M |
| Tax Assets | $30M |
| Other Non-Current Assets | $80M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $2.3B |
| Account Payables | $63M |
| Short-Term Debt | $0 |
| Deferred Revenue | $238M |
| Other Current Liabilities | $48M |
| TOTAL CURRENT LIABILITIES | $454M |
| Long-Term Debt | $567M |
| Deferred Revenue NC | $42M |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $654M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $55.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $376M |
| Treasury Stock | -$290M |
| Accum. Other Comp. Income | -$16M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $615M |
| Net Debt | $275M |
