| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $84M | $101M | $86M | -17.1% | -1.7% |
| Op. Income | $7M | $41M | $2M | -83.8% | 195.6% |
| Gross Margin | 54.7% | 51.5% | 55.0% | 3.2pp | -0.3pp |
| Net Margin | 7.9% | 10.3% | 19.2% | -2.4pp | -11.3pp |
| EPS (Diluted) | $0.07 | $0.10 | $0.16 | -30.0% | -56.3% |
| Free Cash Flow | -$2M | -$16M | $2M | 89.3% | -176.0% |
| Item | Amount |
|---|---|
| REVENUE | $84M |
| Cost of Revenue | $38M |
| GROSS PROFIT | $46M |
| R&D Expenses | $0 |
| Selling & Marketing | $21M |
| General & Administrative | $22M |
| SG&A Expenses | $43M |
| Other Expenses | $0 |
| Operating Expenses | $43M |
| Cost & Expenses | $81M |
| OPERATING INCOME | $7M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $4M |
| EBIT | $18M |
| EBITDA | $10M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $84M |
| Cost of Revenue | $38M |
| GROSS PROFIT | $46M |
| R&D Expenses | $0 |
| Selling & Marketing | $21M |
| General & Administrative | $22M |
| SG&A Expenses | $43M |
| Other Expenses | $0 |
| Operating Expenses | $43M |
| Cost & Expenses | $81M |
| OPERATING INCOME | $7M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $4M |
| EBIT | $18M |
| EBITDA | $10M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $7M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$22.0K |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$163.0K |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | -$12M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | -$19M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$20M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $23M |
| Short-Term Investments | $0 |
| Net Receivables | $109M |
| Inventory | $99M |
| Other Current Assets | $38M |
| TOTAL CURRENT ASSETS | $269M |
| PP&E (Net) | $122M |
| Goodwill | $6M |
| Intangible Assets | $34M |
| Long-Term Investments | $2M |
| Tax Assets | $7M |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $173M |
| TOTAL ASSETS | $442M |
| Account Payables | $80M |
| Short-Term Debt | $135M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $233M |
| Long-Term Debt | $150M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $12M |
| TOTAL NON-CURRENT LIABILITIES | $203M |
| TOTAL LIABILITIES | $437M |
| Common Stock | $1M |
| Additional Paid-In Capital | $378M |
| Retained Earnings | -$385M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $12M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6M |
| Minority Interest | -$937.0K |
| TOTAL EQUITY | $5M |
| TOTAL LIABILITIES & EQUITY | $442M |
| Total Debt | $285M |
| Net Debt | $262M |
