| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $322M | $456M | $362M | -29.5% | -11.2% |
| Op. Income | -$28M | -$62M | $19M | 54.2% | -247.1% |
| Gross Margin | 26.3% | 14.8% | 35.4% | 11.5pp | -9.1pp |
| Net Margin | -9.0% | -11.1% | 5.5% | 2.1pp | -14.4pp |
| EPS (Diluted) | $-2.33 | $-4.10 | $1.43 | 43.2% | -262.9% |
| Free Cash Flow | -$6M | -$6M | -$30M | -3.7% | 80.2% |
| Item | Amount |
|---|---|
| REVENUE | $322M |
| Cost of Revenue | $237M |
| GROSS PROFIT | $85M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $113M |
| Other Expenses | $0 |
| Operating Expenses | $113M |
| Cost & Expenses | $350M |
| OPERATING INCOME | -$28M |
| Interest Income | $34.0K |
| Interest Expense | $6M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | -$36M |
| Income Tax Expense | -$7M |
| Net Income from Continuing Ops | -$29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$29M |
| D&A | $30M |
| EBIT | -$30M |
| EBITDA | $256.0K |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$29M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $112.0K |
| Other Non-Cash Items | $20M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | $5M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$55.0K |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | $14M |
| Common Stock Repurchased | -$6M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $8M |
| FREE CASH FLOW | -$6M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $18M |
| Short-Term Investments | $0 |
| Net Receivables | $26M |
| Inventory | $504M |
| Other Current Assets | $59M |
| TOTAL CURRENT ASSETS | $607M |
| PP&E (Net) | $291M |
| Goodwill | $0 |
| Intangible Assets | $71M |
| Long-Term Investments | $0 |
| Tax Assets | $36M |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $408M |
| TOTAL ASSETS | $1.0B |
| Account Payables | $223M |
| Short-Term Debt | $376M |
| Deferred Revenue | $6M |
| Other Current Liabilities | $111M |
| TOTAL CURRENT LIABILITIES | $719M |
| Long-Term Debt | $50M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $32M |
| TOTAL NON-CURRENT LIABILITIES | $170M |
| TOTAL LIABILITIES | $889M |
| Common Stock | $1M |
| Additional Paid-In Capital | $151M |
| Retained Earnings | -$9M |
| Treasury Stock | -$4M |
| Accum. Other Comp. Income | -$13M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $126M |
| Minority Interest | $0 |
| TOTAL EQUITY | $126M |
| TOTAL LIABILITIES & EQUITY | $1.0B |
| Total Debt | $513M |
| Net Debt | $495M |
