| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $276M | $265M | $239M | 3.9% | 15.6% |
| Op. Income | $31M | -$115M | $109M | 126.4% | -72.1% |
| Gross Margin | 50.7% | 47.8% | 49.7% | 3.0pp | 1.0pp |
| Net Margin | -14.6% | -30.0% | 24.3% | 15.4pp | -38.9pp |
| EPS (Diluted) | $-5.34 | $-10.49 | $6.01 | 49.1% | -188.9% |
| Free Cash Flow | -$239M | -$47M | $133M | -408.0% | -280.3% |
| Item | Amount |
|---|---|
| REVENUE | $276M |
| Cost of Revenue | $136M |
| GROSS PROFIT | $140M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $36M |
| SG&A Expenses | $36M |
| Other Expenses | $74M |
| Operating Expenses | $109M |
| Cost & Expenses | $245M |
| OPERATING INCOME | $31M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$69M |
| INCOME BEFORE TAX | -$38M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$40M |
| D&A | $3M |
| EBIT | $31M |
| EBITDA | $34M |
| EPS | -$5 |
| EPS Diluted | -$5 |
| Item | Amount |
|---|---|
| Net Income | -$40M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$158M |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | -$207M |
| Capital Expenditure | -$32M |
| Acquisitions (Net) | $900.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $236M |
| Other Investing Activities | -$256M |
| NET CASH FROM INVESTING | -$20M |
| Net Debt Issuance | $162M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $47M |
| NET CASH FROM FINANCING | $209M |
| FREE CASH FLOW | -$239M |
| Net Change in Cash | -$18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $217M |
| Short-Term Investments | $0 |
| Net Receivables | $8.7B |
| Inventory | $0 |
| Other Current Assets | $46M |
| TOTAL CURRENT ASSETS | $9.7B |
| PP&E (Net) | $19M |
| Goodwill | $0 |
| Intangible Assets | $2.6B |
| Long-Term Investments | $37M |
| Tax Assets | $3M |
| Other Non-Current Assets | $308M |
| TOTAL NON-CURRENT ASSETS | $3.0B |
| TOTAL ASSETS | $12.6B |
| Account Payables | $0 |
| Short-Term Debt | $53M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $249M |
| Long-Term Debt | $10.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.3B |
| TOTAL NON-CURRENT LIABILITIES | $12.0B |
| TOTAL LIABILITIES | $12.2B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $547M |
| Retained Earnings | -$128M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $416M |
| Minority Interest | $0 |
| TOTAL EQUITY | $416M |
| TOTAL LIABILITIES & EQUITY | $12.6B |
| Total Debt | $10.7B |
| Net Debt | $10.5B |
