| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $268M | $379M | $310M | -29.5% | -13.6% |
| Op. Income | -$19M | $16M | $3M | -218.2% | -730.7% |
| Gross Margin | 29.9% | 32.4% | 32.0% | -2.5pp | -2.1pp |
| Net Margin | -5.8% | 2.9% | 0.6% | -8.8pp | -6.5pp |
| EPS (Diluted) | $-0.42 | $0.29 | $0.05 | -244.8% | -940.0% |
| Free Cash Flow | -$60M | $7M | -$29M | -923.9% | -107.1% |
| Item | Amount |
|---|---|
| REVENUE | $268M |
| Cost of Revenue | $187M |
| GROSS PROFIT | $80M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $99M |
| Other Expenses | $0 |
| Operating Expenses | $99M |
| Cost & Expenses | $286M |
| OPERATING INCOME | -$19M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$21M |
| Income Tax Expense | -$5M |
| Net Income from Continuing Ops | -$16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$16M |
| D&A | $9M |
| EBIT | -$19M |
| EBITDA | -$10M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$16M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$34M |
| OPERATING CASH FLOW | -$37M |
| Capital Expenditure | -$23M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$23M |
| Net Debt Issuance | $63M |
| Common Stock Repurchased | -$696.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $60M |
| FREE CASH FLOW | -$60M |
| Net Change in Cash | $651.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $6M |
| Inventory | $469M |
| Other Current Assets | $22M |
| TOTAL CURRENT ASSETS | $500M |
| PP&E (Net) | $480M |
| Goodwill | $1M |
| Intangible Assets | $374.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $482M |
| TOTAL ASSETS | $982M |
| Account Payables | $113M |
| Short-Term Debt | $150M |
| Deferred Revenue | $37M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $400M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $8M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $305M |
| TOTAL LIABILITIES | $705M |
| Common Stock | $377.0K |
| Additional Paid-In Capital | $79M |
| Retained Earnings | $197M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $277M |
| Minority Interest | $0 |
| TOTAL EQUITY | $277M |
| TOTAL LIABILITIES & EQUITY | $982M |
| Total Debt | $494M |
| Net Debt | $490M |
