| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $186M | $234M | $173M | -20.3% | 7.5% |
| Op. Income | -$35M | $1M | -$32M | -2881.7% | -8.6% |
| Gross Margin | 43.7% | 48.8% | 45.1% | -5.1pp | -1.3pp |
| Net Margin | -20.6% | 8.8% | -40.4% | -29.3pp | 19.8pp |
| EPS (Diluted) | $-0.23 | $0.12 | $-0.47 | -291.7% | 51.1% |
| Free Cash Flow | $9M | $16M | $12M | -44.1% | -24.6% |
| Item | Amount |
|---|---|
| REVENUE | $186M |
| Cost of Revenue | $105M |
| GROSS PROFIT | $81M |
| R&D Expenses | $51M |
| Selling & Marketing | $35M |
| General & Administrative | $14M |
| SG&A Expenses | $49M |
| Other Expenses | $16M |
| Operating Expenses | $117M |
| Cost & Expenses | $221M |
| OPERATING INCOME | -$35M |
| Interest Income | $59.0K |
| Interest Expense | $6M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$37M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$38M |
| D&A | $18M |
| EBIT | -$30M |
| EBITDA | -$12M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$38M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | -$8M |
| Change in Working Capital | $40M |
| OPERATING CASH FLOW | $11M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$80M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$30M |
| FREE CASH FLOW | $9M |
| Net Change in Cash | -$21M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $46M |
| Short-Term Investments | $0 |
| Net Receivables | $255M |
| Inventory | $76M |
| Other Current Assets | $53M |
| TOTAL CURRENT ASSETS | $430M |
| PP&E (Net) | $87M |
| Goodwill | $301M |
| Intangible Assets | $280M |
| Long-Term Investments | $0 |
| Tax Assets | $66M |
| Other Non-Current Assets | $28M |
| TOTAL NON-CURRENT ASSETS | $762M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $84M |
| Short-Term Debt | $20M |
| Deferred Revenue | $122M |
| Other Current Liabilities | $65M |
| TOTAL CURRENT LIABILITIES | $343M |
| Long-Term Debt | $226M |
| Deferred Revenue NC | $18M |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $85M |
| TOTAL NON-CURRENT LIABILITIES | $376M |
| TOTAL LIABILITIES | $719M |
| Common Stock | $17.0K |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | -$1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $19M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $473M |
| Minority Interest | $0 |
| TOTAL EQUITY | $473M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $304M |
| Net Debt | $258M |
