| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $546M | $985M | $452M | -44.6% | 20.7% |
| Op. Income | -$199M | -$205M | -$258M | 2.6% | 22.7% |
| Gross Margin | 3.4% | 6.3% | -1.6% | -2.9pp | 5.0pp |
| Net Margin | -1.6% | -26.6% | -60.7% | 25.0pp | 59.1pp |
| EPS (Diluted) | $-0.13 | $-3.60 | $-3.90 | 96.4% | 96.7% |
| Free Cash Flow | -$416M | -$128M | -$254M | -224.9% | -63.9% |
| Item | Amount |
|---|---|
| REVENUE | $546M |
| Cost of Revenue | $528M |
| GROSS PROFIT | $18M |
| R&D Expenses | $36M |
| Selling & Marketing | $0 |
| General & Administrative | $189M |
| SG&A Expenses | $189M |
| Other Expenses | -$7M |
| Operating Expenses | $218M |
| Cost & Expenses | $745M |
| OPERATING INCOME | -$199M |
| Interest Income | $9M |
| Interest Expense | $30M |
| Other Income/Expenses | $193M |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$9M |
| Net Income Deductions | $29M |
| BOTTOM LINE NET INCOME | -$38M |
| D&A | $32M |
| EBIT | $2M |
| EBITDA | $34M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $32M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$180M |
| Change in Working Capital | -$130M |
| OPERATING CASH FLOW | -$283M |
| Capital Expenditure | -$133M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$131M |
| Net Debt Issuance | $323M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $323M |
| FREE CASH FLOW | -$416M |
| Net Change in Cash | -$90M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $884M |
| Short-Term Investments | $0 |
| Net Receivables | $237M |
| Inventory | $847M |
| Other Current Assets | $180M |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $339M |
| Goodwill | $47M |
| Intangible Assets | $1.4B |
| Long-Term Investments | $2M |
| Tax Assets | $10M |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $1.8B |
| TOTAL ASSETS | $4.0B |
| Account Payables | $1.0B |
| Short-Term Debt | $1.4B |
| Deferred Revenue | $91M |
| Other Current Liabilities | $487M |
| TOTAL CURRENT LIABILITIES | $3.2B |
| Long-Term Debt | $373M |
| Deferred Revenue NC | $53M |
| Deferred Tax Liabilities | $478.0K |
| Other Non-Current Liabilities | $498M |
| TOTAL NON-CURRENT LIABILITIES | $924M |
| TOTAL LIABILITIES | $4.1B |
| Common Stock | $21M |
| Additional Paid-In Capital | $3.6B |
| Retained Earnings | -$3.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$12M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$141M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$141M |
| TOTAL LIABILITIES & EQUITY | $4.0B |
| Total Debt | $1.8B |
| Net Debt | $881M |
