| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $685M | $546M | $589M | 25.5% | 16.3% |
| Op. Income | -$274M | -$199M | -$255M | -37.6% | -7.6% |
| Gross Margin | -0.1% | 3.4% | 10.3% | -3.5pp | -10.4pp |
| Net Margin | -44.4% | -1.6% | -38.7% | -42.7pp | -5.6pp |
| EPS (Diluted) | $-4.20 | $-0.13 | $-3.30 | -3155.8% | -27.3% |
| Free Cash Flow | -$527M | -$416M | -$660M | -26.7% | 20.1% |
| Item | Amount |
|---|---|
| REVENUE | $685M |
| Cost of Revenue | $686M |
| GROSS PROFIT | -$810.0K |
| R&D Expenses | $46M |
| Selling & Marketing | $0 |
| General & Administrative | $260M |
| SG&A Expenses | $260M |
| Other Expenses | -$32M |
| Operating Expenses | $274M |
| Cost & Expenses | $990M |
| OPERATING INCOME | -$274M |
| Interest Income | $7M |
| Interest Expense | $64M |
| Other Income/Expenses | -$27M |
| INCOME BEFORE TAX | -$301M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$304M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$304M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$304M |
| D&A | $25M |
| EBIT | -$237M |
| EBITDA | -$212M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$304M |
| Depreciation & Amortization | $25M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $25M |
| Change in Working Capital | -$133M |
| OPERATING CASH FLOW | -$377M |
| Capital Expenditure | -$150M |
| Acquisitions (Net) | $2M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$150M |
| Net Debt Issuance | -$296M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1.0B |
| NET CASH FROM FINANCING | $741M |
| FREE CASH FLOW | -$527M |
| Net Change in Cash | $173M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $0 |
| Net Receivables | $308M |
| Inventory | $867M |
| Other Current Assets | $174M |
| TOTAL CURRENT ASSETS | $2.4B |
| PP&E (Net) | $358M |
| Goodwill | $47M |
| Intangible Assets | $1.4B |
| Long-Term Investments | $2M |
| Tax Assets | $18M |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $1.8B |
| TOTAL ASSETS | $4.3B |
| Account Payables | $922M |
| Short-Term Debt | $2.4B |
| Deferred Revenue | $104M |
| Other Current Liabilities | $452M |
| TOTAL CURRENT LIABILITIES | $4.1B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $58M |
| Deferred Tax Liabilities | $458.0K |
| Other Non-Current Liabilities | $519M |
| TOTAL NON-CURRENT LIABILITIES | $654M |
| TOTAL LIABILITIES | $4.7B |
| Common Stock | $21M |
| Additional Paid-In Capital | $3.6B |
| Retained Earnings | -$4.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$39M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$471M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$471M |
| TOTAL LIABILITIES & EQUITY | $4.3B |
| Total Debt | $2.5B |
| Net Debt | $1.4B |
