| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $124M | $201M | $242M | -38.2% | -48.7% |
| Op. Income | $5M | $25M | $66M | -78.1% | -91.7% |
| Gross Margin | 42.2% | 43.3% | 52.1% | -1.1pp | -9.9pp |
| Net Margin | 8.2% | 11.7% | 22.5% | -3.5pp | -14.3pp |
| EPS (Diluted) | $0.31 | $0.71 | $1.60 | -56.3% | -80.6% |
| Free Cash Flow | -$7M | $32M | -$14M | -120.4% | 52.3% |
| Item | Amount |
|---|---|
| REVENUE | $124M |
| Cost of Revenue | $72M |
| GROSS PROFIT | $52M |
| R&D Expenses | $35M |
| Selling & Marketing | $7M |
| General & Administrative | $5M |
| SG&A Expenses | $12M |
| Other Expenses | $0 |
| Operating Expenses | $47M |
| Cost & Expenses | $119M |
| OPERATING INCOME | $5M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10M |
| D&A | $6M |
| EBIT | $12M |
| EBITDA | $18M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $124M |
| Cost of Revenue | $72M |
| GROSS PROFIT | $52M |
| R&D Expenses | $35M |
| Selling & Marketing | $7M |
| General & Administrative | $5M |
| SG&A Expenses | $12M |
| Other Expenses | $0 |
| Operating Expenses | $47M |
| Cost & Expenses | $119M |
| OPERATING INCOME | $5M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10M |
| D&A | $6M |
| EBIT | $12M |
| EBITDA | $18M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $10M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | $7M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$14M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | -$7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $225M |
| Short-Term Investments | $0 |
| Net Receivables | $146M |
| Inventory | $308M |
| Other Current Assets | $49M |
| TOTAL CURRENT ASSETS | $742M |
| PP&E (Net) | $147M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $14M |
| Tax Assets | $0 |
| Other Non-Current Assets | $25M |
| TOTAL NON-CURRENT ASSETS | $186M |
| TOTAL ASSETS | $928M |
| Account Payables | $35M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $44M |
| TOTAL CURRENT LIABILITIES | $135M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $45M |
| TOTAL NON-CURRENT LIABILITIES | $45M |
| TOTAL LIABILITIES | $180M |
| Common Stock | $748M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $748M |
| Minority Interest | $0 |
| TOTAL EQUITY | $748M |
| TOTAL LIABILITIES & EQUITY | $928M |
| Total Debt | $0 |
| Net Debt | -$225M |
