| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $535M | $467M | $300M | 14.6% | 78.3% |
| Op. Income | $54M | $19M | $4M | 187.8% | 1154.8% |
| Gross Margin | 58.3% | 58.5% | 51.8% | -0.2pp | 6.5pp |
| Net Margin | 10.6% | -7.2% | 6.1% | 17.8pp | 4.5pp |
| EPS (Diluted) | $0.18 | $-0.11 | $0.06 | 267.7% | 178.3% |
| Free Cash Flow | -$13M | -$132M | -$101M | 90.0% | 86.9% |
| Item | Amount |
|---|---|
| REVENUE | $535M |
| Cost of Revenue | $223M |
| GROSS PROFIT | $312M |
| R&D Expenses | $0 |
| Selling & Marketing | $167M |
| General & Administrative | $84M |
| SG&A Expenses | $252M |
| Other Expenses | $6M |
| Operating Expenses | $258M |
| Cost & Expenses | $481M |
| OPERATING INCOME | $54M |
| Interest Income | $3M |
| Interest Expense | $2M |
| Other Income/Expenses | $12M |
| INCOME BEFORE TAX | $66M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $57M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $57M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $57M |
| D&A | $18M |
| EBIT | $54M |
| EBITDA | $71M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $535M |
| Cost of Revenue | $223M |
| GROSS PROFIT | $312M |
| R&D Expenses | $0 |
| Selling & Marketing | $167M |
| General & Administrative | $84M |
| SG&A Expenses | $252M |
| Other Expenses | $6M |
| Operating Expenses | $258M |
| Cost & Expenses | $481M |
| OPERATING INCOME | $54M |
| Interest Income | $3M |
| Interest Expense | $2M |
| Other Income/Expenses | $12M |
| INCOME BEFORE TAX | $66M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $57M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $57M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $57M |
| D&A | $18M |
| EBIT | $54M |
| EBITDA | $71M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $57M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $9M |
| Other Non-Cash Items | -$13M |
| Change in Working Capital | -$74M |
| OPERATING CASH FLOW | -$763.7K |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | -$6M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | -$13M |
| Net Change in Cash | -$12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $460M |
| Short-Term Investments | $44M |
| Net Receivables | $304M |
| Inventory | $592M |
| Other Current Assets | $118M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $309M |
| Goodwill | $0 |
| Intangible Assets | $88M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $51M |
| TOTAL NON-CURRENT ASSETS | $448M |
| TOTAL ASSETS | $2.0B |
| Account Payables | $166M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $277M |
| TOTAL CURRENT LIABILITIES | $443M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $36M |
| TOTAL NON-CURRENT LIABILITIES | $226M |
| TOTAL LIABILITIES | $669M |
| Common Stock | $43M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$125M |
| Treasury Stock | -$33M |
| Accum. Other Comp. Income | $1.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $190M |
| Net Debt | -$270M |
