| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $456M | $509M | $508M | -10.4% | -10.2% |
| Op. Income | -$62M | $58M | $60M | -206.9% | -203.8% |
| Gross Margin | 14.8% | 32.3% | 35.4% | -17.5pp | -20.6pp |
| Net Margin | -11.1% | 8.4% | 7.7% | -19.5pp | -18.8pp |
| EPS (Diluted) | $-4.10 | $3.26 | $2.68 | -225.8% | -253.0% |
| Free Cash Flow | -$6M | $23M | $59M | -124.1% | -109.6% |
| Item | Amount |
|---|---|
| REVENUE | $456M |
| Cost of Revenue | $389M |
| GROSS PROFIT | $68M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $129M |
| Other Expenses | $0 |
| Operating Expenses | $129M |
| Cost & Expenses | $518M |
| OPERATING INCOME | -$62M |
| Interest Income | $49.0K |
| Interest Expense | $5M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | -$70M |
| Income Tax Expense | -$19M |
| Net Income from Continuing Ops | -$51M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$51M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$51M |
| D&A | $36M |
| EBIT | -$65M |
| EBITDA | -$29M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$51M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | -$16M |
| Other Non-Cash Items | $26M |
| Change in Working Capital | $27M |
| OPERATING CASH FLOW | $9M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $50.0K |
| NET CASH FROM INVESTING | -$14M |
| Net Debt Issuance | $22M |
| Common Stock Repurchased | -$19M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$6M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $17M |
| Short-Term Investments | $0 |
| Net Receivables | $50M |
| Inventory | $448M |
| Other Current Assets | $15M |
| TOTAL CURRENT ASSETS | $562M |
| PP&E (Net) | $305M |
| Goodwill | $0 |
| Intangible Assets | $71M |
| Long-Term Investments | $0 |
| Tax Assets | $37M |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $424M |
| TOTAL ASSETS | $986M |
| Account Payables | $177M |
| Short-Term Debt | $366M |
| Deferred Revenue | $7M |
| Other Current Liabilities | $77M |
| TOTAL CURRENT LIABILITIES | $648M |
| Long-Term Debt | $50M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $30M |
| TOTAL NON-CURRENT LIABILITIES | $179M |
| TOTAL LIABILITIES | $828M |
| Common Stock | $1M |
| Additional Paid-In Capital | $151M |
| Retained Earnings | $23M |
| Treasury Stock | -$4M |
| Accum. Other Comp. Income | -$13M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $158M |
| Minority Interest | $0 |
| TOTAL EQUITY | $158M |
| TOTAL LIABILITIES & EQUITY | $986M |
| Total Debt | $512M |
| Net Debt | $495M |
