| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | -$49M | -$11M | $254M | -349.6% | -119.3% |
| Op. Income | -$92M | -$47M | $212M | -94.8% | -143.6% |
| Gross Margin | 164.5% | 356.1% | 90.2% | -191.6pp | 74.3pp |
| Net Margin | 188.9% | 435.9% | 83.6% | -247.0pp | 105.2pp |
| EPS (Diluted) | $-0.36 | $-0.12 | $0.52 | -200.0% | -169.2% |
| Free Cash Flow | -$77M | -$206M | -$10M | 62.6% | -660.2% |
| Item | Amount |
|---|---|
| REVENUE | -$49M |
| Cost of Revenue | $32M |
| GROSS PROFIT | -$81M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | $2M |
| Operating Expenses | $12M |
| Cost & Expenses | $43M |
| OPERATING INCOME | -$92M |
| Interest Income | $174M |
| Interest Expense | $32M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$92M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$92M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$92M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$105M |
| D&A | $0 |
| EBIT | -$92M |
| EBITDA | -$92M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$92M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $22M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | -$77M |
| 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 | -$99M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$68M |
| Other Financing Activities | -$10M |
| NET CASH FROM FINANCING | $85M |
| FREE CASH FLOW | -$77M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $43M |
| Short-Term Investments | $0 |
| Net Receivables | $20M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $64M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7.6B |
| TOTAL NON-CURRENT ASSETS | $7.6B |
| TOTAL ASSETS | $7.7B |
| Account Payables | $43M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $43M |
| Long-Term Debt | $2.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.0B |
| TOTAL NON-CURRENT LIABILITIES | $3.7B |
| TOTAL LIABILITIES | $3.7B |
| Common Stock | $396.0K |
| Additional Paid-In Capital | $4.1B |
| Retained Earnings | -$108M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.0B |
| TOTAL LIABILITIES & EQUITY | $7.7B |
| Total Debt | $2.6B |
| Net Debt | $2.6B |
