| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $467M | $417M | $243M | 11.8% | 91.9% |
| Op. Income | $19M | $52M | -$226M | -63.9% | 108.3% |
| Gross Margin | 58.5% | 57.1% | 58.5% | 1.4pp | -0.0pp |
| Net Margin | -7.2% | 6.3% | -97.8% | -13.5pp | 90.6pp |
| EPS (Diluted) | $-0.11 | $0.08 | $-0.76 | -239.4% | 86.1% |
| Free Cash Flow | -$132M | -$69M | $12M | -91.2% | -1210.4% |
| Item | Amount |
|---|---|
| REVENUE | $467M |
| Cost of Revenue | $194M |
| GROSS PROFIT | $273M |
| R&D Expenses | $0 |
| Selling & Marketing | $467M |
| General & Administrative | $254M |
| SG&A Expenses | $720M |
| Other Expenses | -$466M |
| Operating Expenses | $254M |
| Cost & Expenses | $448M |
| OPERATING INCOME | $19M |
| Interest Income | $3M |
| Interest Expense | $1M |
| Other Income/Expenses | -$50M |
| INCOME BEFORE TAX | -$31M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$34M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$34M |
| D&A | $6M |
| EBIT | $19M |
| EBITDA | $24M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$34M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $45M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $50M |
| Change in Working Capital | -$169M |
| OPERATING CASH FLOW | -$89M |
| Capital Expenditure | -$43M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$22M |
| NET CASH FROM INVESTING | -$43M |
| Net Debt Issuance | -$6M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | -$132M |
| Net Change in Cash | -$155M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $472M |
| Short-Term Investments | $33M |
| Net Receivables | $222M |
| Inventory | $504M |
| Other Current Assets | $80M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $291M |
| Goodwill | $2M |
| Intangible Assets | $87M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $40M |
| TOTAL NON-CURRENT ASSETS | $421M |
| TOTAL ASSETS | $1.8B |
| Account Payables | $141M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $51M |
| TOTAL CURRENT LIABILITIES | $309M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $40M |
| TOTAL NON-CURRENT LIABILITIES | $217M |
| TOTAL LIABILITIES | $526M |
| Common Stock | $43M |
| Additional Paid-In Capital | $963M |
| Retained Earnings | -$139M |
| Treasury Stock | -$33M |
| Accum. Other Comp. Income | $400M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $204M |
| Net Debt | -$268M |
