| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $182M | $169M | $88M | 8.0% | 108.1% |
| Op. Income | $11M | $11M | -$6M | 4.3% | 273.9% |
| Gross Margin | 15.3% | 17.6% | 11.8% | -2.3pp | 3.5pp |
| Net Margin | -8.7% | -1.4% | -7.2% | -7.3pp | -1.5pp |
| EPS (Diluted) | $-0.17 | $-0.03 | $-0.07 | -577.3% | -148.2% |
| Free Cash Flow | $873.0K | $6M | -$1M | -86.2% | 159.0% |
| Item | Amount |
|---|---|
| REVENUE | $182M |
| Cost of Revenue | $155M |
| GROSS PROFIT | $28M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | $4M |
| Operating Expenses | $17M |
| Cost & Expenses | $171M |
| OPERATING INCOME | $11M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$27M |
| INCOME BEFORE TAX | -$15M |
| Income Tax Expense | $559.0K |
| Net Income from Continuing Ops | -$16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$16M |
| D&A | $6M |
| EBIT | -$11M |
| EBITDA | -$5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$16M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $227.0K |
| Other Non-Cash Items | $22M |
| Change in Working Capital | -$13M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$11M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $215.0K |
| NET CASH FROM FINANCING | -$10M |
| FREE CASH FLOW | $873.0K |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $23M |
| Short-Term Investments | $0 |
| Net Receivables | $42M |
| Inventory | $51M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $127M |
| PP&E (Net) | $28M |
| Goodwill | $0 |
| Intangible Assets | $561M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $594M |
| TOTAL ASSETS | $722M |
| Account Payables | $39M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $76M |
| Long-Term Debt | $201M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $81M |
| TOTAL NON-CURRENT LIABILITIES | $293M |
| TOTAL LIABILITIES | $370M |
| Common Stock | $9.0K |
| Additional Paid-In Capital | $703M |
| Retained Earnings | -$355M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $352M |
| Minority Interest | $0 |
| TOTAL EQUITY | $352M |
| TOTAL LIABILITIES & EQUITY | $722M |
| Total Debt | $217M |
| Net Debt | $194M |
