| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $424M | $349M | $283M | 21.4% | 49.8% |
| Op. Income | $41M | $18M | $6M | 126.6% | 623.4% |
| Gross Margin | 24.7% | 30.5% | 18.9% | -5.7pp | 5.8pp |
| Net Margin | 6.8% | 3.7% | 4.2% | 3.0pp | 2.6pp |
| EPS (Diluted) | $0.25 | $0.12 | $0.11 | 108.3% | 127.3% |
| Free Cash Flow | -$42M | $54M | -$39M | -177.7% | -6.7% |
| Item | Amount |
|---|---|
| REVENUE | $424M |
| Cost of Revenue | $319M |
| GROSS PROFIT | $105M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $29M |
| SG&A Expenses | $29M |
| Other Expenses | $35M |
| Operating Expenses | $63M |
| Cost & Expenses | $382M |
| OPERATING INCOME | $41M |
| Interest Income | $0 |
| Interest Expense | $667.0K |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $37M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $38M |
| EBIT | $38M |
| EBITDA | $76M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $424M |
| Cost of Revenue | $319M |
| GROSS PROFIT | $105M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $29M |
| SG&A Expenses | $29M |
| Other Expenses | $35M |
| Operating Expenses | $63M |
| Cost & Expenses | $382M |
| OPERATING INCOME | $41M |
| Interest Income | $0 |
| Interest Expense | $667.0K |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $37M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $38M |
| EBIT | $38M |
| EBITDA | $76M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $29M |
| Depreciation & Amortization | $38M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $8M |
| Other Non-Cash Items | $38M |
| Change in Working Capital | -$44M |
| OPERATING CASH FLOW | $73M |
| Capital Expenditure | -$115M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$114M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | -$42M |
| Net Change in Cash | -$44M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $45M |
| Short-Term Investments | $6M |
| Net Receivables | $290M |
| Inventory | $18M |
| Other Current Assets | $343.0K |
| TOTAL CURRENT ASSETS | $369M |
| PP&E (Net) | $946M |
| Goodwill | $24M |
| Intangible Assets | $55M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $1.0B |
| TOTAL ASSETS | $1.4B |
| Account Payables | $246M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $304M |
| Long-Term Debt | $30M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $73M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $107M |
| TOTAL LIABILITIES | $411M |
| Common Stock | $115.0K |
| Additional Paid-In Capital | $971M |
| Retained Earnings | $12M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $983M |
| Minority Interest | $0 |
| TOTAL EQUITY | $983M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $35M |
| Net Debt | -$10M |
