| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $196M | $195M | $166M | 0.3% | 17.7% |
| Op. Income | -$72M | -$125M | -$92M | 42.8% | 22.3% |
| Gross Margin | 17.4% | 15.9% | 9.5% | 1.5pp | 7.9pp |
| Net Margin | -38.6% | -64.2% | -52.6% | 25.5pp | 14.0pp |
| EPS (Diluted) | $-2.56 | $-4.23 | $-2.95 | 39.5% | 13.2% |
| Free Cash Flow | -$99M | -$86M | -$124M | -16.1% | 19.7% |
| Item | Amount |
|---|---|
| REVENUE | $196M |
| Cost of Revenue | $162M |
| GROSS PROFIT | $34M |
| R&D Expenses | $6M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $99M |
| Other Expenses | $1M |
| Operating Expenses | $106M |
| Cost & Expenses | $267M |
| OPERATING INCOME | -$72M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$74M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$76M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$76M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$76M |
| D&A | $12M |
| EBIT | -$72M |
| EBITDA | -$59M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$76M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$17M |
| OPERATING CASH FLOW | -$71M |
| Capital Expenditure | -$28M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $43M |
| NET CASH FROM INVESTING | $16M |
| Net Debt Issuance | $49M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $49M |
| FREE CASH FLOW | -$99M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $79M |
| Short-Term Investments | $0 |
| Net Receivables | $139M |
| Inventory | $108M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $353M |
| PP&E (Net) | $619M |
| Goodwill | $0 |
| Intangible Assets | $128M |
| Long-Term Investments | $44M |
| Tax Assets | $4M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $796M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $67M |
| Short-Term Debt | $118M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $130M |
| TOTAL CURRENT LIABILITIES | $319M |
| Long-Term Debt | $3M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $679.0K |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $99M |
| TOTAL LIABILITIES | $418M |
| Common Stock | $105.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$733M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$164M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $731M |
| Minority Interest | $0 |
| TOTAL EQUITY | $731M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $209M |
| Net Debt | $130M |
