| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $162M | $136M | $156M | 19.1% | 4.1% |
| Op. Income | -$40M | -$122M | -$56M | 67.5% | 29.4% |
| Gross Margin | 33.8% | 21.5% | 41.3% | 12.3pp | -7.4pp |
| Net Margin | -26.1% | -78.4% | -30.9% | 52.2pp | 4.8pp |
| EPS (Diluted) | $-0.26 | $-0.64 | $-0.28 | 59.4% | 7.1% |
| Free Cash Flow | -$50M | -$57M | -$95M | 12.3% | 47.8% |
| Item | Amount |
|---|---|
| REVENUE | $162M |
| Cost of Revenue | $108M |
| GROSS PROFIT | $55M |
| R&D Expenses | $6M |
| Selling & Marketing | $58M |
| General & Administrative | $31M |
| SG&A Expenses | $88M |
| Other Expenses | $0 |
| Operating Expenses | $94M |
| Cost & Expenses | $202M |
| OPERATING INCOME | -$40M |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | -$56M |
| Income Tax Expense | -$14M |
| Net Income from Continuing Ops | -$42M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$42M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$42M |
| D&A | $7M |
| EBIT | -$39M |
| EBITDA | -$33M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$42M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$14M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | -$47M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$9M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$11M |
| NET CASH FROM FINANCING | -$20M |
| FREE CASH FLOW | -$50M |
| Net Change in Cash | -$70M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $71M |
| Short-Term Investments | $0 |
| Net Receivables | $293M |
| Inventory | $0 |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $378M |
| PP&E (Net) | $66M |
| Goodwill | $29M |
| Intangible Assets | $46M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $729M |
| TOTAL NON-CURRENT ASSETS | $871M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $21M |
| Short-Term Debt | $17M |
| Deferred Revenue | $42M |
| Other Current Liabilities | $42M |
| TOTAL CURRENT LIABILITIES | $145M |
| Long-Term Debt | $673M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $38M |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $747M |
| TOTAL LIABILITIES | $893M |
| Common Stock | $2M |
| Additional Paid-In Capital | $559M |
| Retained Earnings | -$220M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $16M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $357M |
| Minority Interest | $0 |
| TOTAL EQUITY | $357M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $730M |
| Net Debt | $658M |
