| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $281M | $291M | $318M | -3.3% | -11.4% |
| Op. Income | $21M | $29M | $35M | -27.0% | -40.8% |
| Gross Margin | 35.0% | 38.3% | 35.5% | -3.2pp | -0.5pp |
| Net Margin | 5.9% | 7.4% | 8.5% | -1.6pp | -2.6pp |
| EPS (Diluted) | $0.60 | $0.79 | $0.95 | -24.1% | -36.8% |
| Free Cash Flow | -$13M | $18M | -$9M | -172.6% | -40.7% |
| Item | Amount |
|---|---|
| REVENUE | $281M |
| Cost of Revenue | $183M |
| GROSS PROFIT | $99M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $78M |
| Other Expenses | $0 |
| Operating Expenses | $78M |
| Cost & Expenses | $260M |
| OPERATING INCOME | $21M |
| Interest Income | $478.0K |
| Interest Expense | $66.0K |
| Other Income/Expenses | $412.0K |
| INCOME BEFORE TAX | $21M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $17M |
| D&A | $7M |
| EBIT | $21M |
| EBITDA | $28M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $281M |
| Cost of Revenue | $183M |
| GROSS PROFIT | $99M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $78M |
| Other Expenses | $0 |
| Operating Expenses | $78M |
| Cost & Expenses | $260M |
| OPERATING INCOME | $21M |
| Interest Income | $478.0K |
| Interest Expense | $66.0K |
| Other Income/Expenses | $412.0K |
| INCOME BEFORE TAX | $21M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $17M |
| D&A | $7M |
| EBIT | $21M |
| EBITDA | $28M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $17M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $15M |
| Change in Working Capital | -$40M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$21.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$3M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$6M |
| FREE CASH FLOW | -$13M |
| Net Change in Cash | -$19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $33M |
| Short-Term Investments | $12M |
| Net Receivables | $3M |
| Inventory | $390M |
| Other Current Assets | $17M |
| TOTAL CURRENT ASSETS | $454M |
| PP&E (Net) | $463M |
| Goodwill | $12M |
| Intangible Assets | $33M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $523M |
| TOTAL ASSETS | $977M |
| Account Payables | $56M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $135M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $15M |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $304M |
| TOTAL LIABILITIES | $439M |
| Common Stock | $410.0K |
| Additional Paid-In Capital | $80M |
| Retained Earnings | $667M |
| Treasury Stock | -$210M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $538M |
| Minority Interest | $0 |
| TOTAL EQUITY | $538M |
| TOTAL LIABILITIES & EQUITY | $977M |
| Total Debt | $337M |
| Net Debt | $305M |
