| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | -$60M | -$27M | $40M | -120.9% | -248.8% |
| Op. Income | -$71M | -$42M | $31M | -68.7% | -330.2% |
| Gross Margin | 116.2% | 131.8% | 82.9% | -15.6pp | 33.3pp |
| Net Margin | 119.9% | 128.7% | 63.3% | -8.8pp | 56.6pp |
| EPS (Diluted) | $-1.10 | $-0.52 | $0.38 | -111.5% | -389.5% |
| Free Cash Flow | -$10M | $78M | -$177M | -112.2% | 94.6% |
| Item | Amount |
|---|---|
| REVENUE | -$60M |
| Cost of Revenue | $10M |
| GROSS PROFIT | -$70M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $1M |
| Cost & Expenses | $11M |
| OPERATING INCOME | -$71M |
| Interest Income | $26M |
| Interest Expense | $10M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$71M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$72M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$72M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$72M |
| D&A | $0 |
| EBIT | -$71M |
| EBITDA | -$71M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$72M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $26M |
| Change in Working Capital | $36M |
| OPERATING CASH FLOW | -$10M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$10M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$15M |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | -$24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $29M |
| Short-Term Investments | $0 |
| Net Receivables | $7M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $40M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $1.2B |
| Account Payables | $22M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $22M |
| Long-Term Debt | $696M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $15M |
| TOTAL NON-CURRENT LIABILITIES | $711M |
| TOTAL LIABILITIES | $733M |
| Common Stock | $65.0K |
| Additional Paid-In Capital | $748M |
| Retained Earnings | -$245M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $503M |
| Minority Interest | $0 |
| TOTAL EQUITY | $503M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $696M |
| Net Debt | $667M |
