| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $297M | $439M | $237M | -32.4% | 25.4% |
| Op. Income | -$40M | -$21M | -$31M | -90.9% | -30.9% |
| Gross Margin | 13.2% | 15.8% | 17.2% | -2.5pp | -4.0pp |
| Net Margin | -16.9% | -2.4% | -9.8% | -14.4pp | -7.0pp |
| EPS (Diluted) | $-1.38 | $-0.29 | $-0.59 | -375.9% | -133.9% |
| Free Cash Flow | $58M | $69M | $6M | -16.1% | 872.5% |
| Item | Amount |
|---|---|
| REVENUE | $297M |
| Cost of Revenue | $257M |
| GROSS PROFIT | $39M |
| R&D Expenses | $0 |
| Selling & Marketing | $73M |
| General & Administrative | $6M |
| SG&A Expenses | $79M |
| Other Expenses | $0 |
| Operating Expenses | $79M |
| Cost & Expenses | $337M |
| OPERATING INCOME | -$40M |
| Interest Income | $3M |
| Interest Expense | $3M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | -$71M |
| Income Tax Expense | -$21M |
| Net Income from Continuing Ops | -$50M |
| Net Income from Discontinued Ops | $4M |
| Other Adjustments | $10M |
| NET INCOME | -$50M |
| Net Income Deductions | -$281.0K |
| BOTTOM LINE NET INCOME | -$36M |
| D&A | $8M |
| EBIT | -$68M |
| EBITDA | -$60M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$50M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$11M |
| Other Non-Cash Items | $29M |
| Change in Working Capital | $89M |
| OPERATING CASH FLOW | $65M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $184.0K |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $236.0K |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | -$40M |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | -$6M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$52M |
| FREE CASH FLOW | $58M |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $15M |
| Short-Term Investments | $0 |
| Net Receivables | $138M |
| Inventory | $84M |
| Other Current Assets | $20M |
| TOTAL CURRENT ASSETS | $288M |
| PP&E (Net) | $201M |
| Goodwill | $254M |
| Intangible Assets | $85M |
| Long-Term Investments | $68M |
| Tax Assets | -$68M |
| Other Non-Current Assets | $84M |
| TOTAL NON-CURRENT ASSETS | $624M |
| TOTAL ASSETS | $912M |
| Account Payables | $49M |
| Short-Term Debt | $20M |
| Deferred Revenue | $156M |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $381M |
| Long-Term Debt | $152M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $26M |
| Other Non-Current Liabilities | $15M |
| TOTAL NON-CURRENT LIABILITIES | $273M |
| TOTAL LIABILITIES | $655M |
| Common Stock | $277M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$16M |
| Other Equity | -$262M |
| TOTAL STOCKHOLDERS' EQUITY | -$16M |
| Minority Interest | -$4M |
| TOTAL EQUITY | -$19M |
| TOTAL LIABILITIES & EQUITY | $655M |
| Total Debt | $271M |
| Net Debt | $256M |
