| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $65M | $69M | $70M | -6.9% | -7.8% |
| Op. Income | -$5M | -$15M | -$8M | 66.2% | 36.4% |
| Gross Margin | 19.0% | 4.2% | 14.1% | 14.9pp | 4.9pp |
| Net Margin | -10.3% | -71.0% | -9.3% | 60.8pp | -1.0pp |
| EPS (Diluted) | $-0.06 | $-0.54 | $-0.07 | 88.1% | 14.0% |
| Free Cash Flow | -$5M | -$8M | -$15M | 41.4% | 68.2% |
| Item | Amount |
|---|---|
| REVENUE | $65M |
| Cost of Revenue | $52M |
| GROSS PROFIT | $12M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $17M |
| SG&A Expenses | $17M |
| Other Expenses | $0 |
| Operating Expenses | $17M |
| Cost & Expenses | $70M |
| OPERATING INCOME | -$5M |
| Interest Income | $196.0K |
| Interest Expense | $1M |
| Other Income/Expenses | -$976.0K |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | $634.0K |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $4M |
| EBIT | -$5M |
| EBITDA | -$962.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$734.0K |
| Other Non-Cash Items | -$436.0K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $19M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | $13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $30M |
| Short-Term Investments | $0 |
| Net Receivables | $30M |
| Inventory | $75M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $146M |
| PP&E (Net) | $215M |
| Goodwill | $66M |
| Intangible Assets | $37M |
| Long-Term Investments | $2M |
| Tax Assets | $4M |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $330M |
| TOTAL ASSETS | $476M |
| Account Payables | $18M |
| Short-Term Debt | $14M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $66M |
| Long-Term Debt | $43M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $19M |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $71M |
| TOTAL LIABILITIES | $137M |
| Common Stock | $387M |
| Additional Paid-In Capital | $24M |
| Retained Earnings | -$81M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $322M |
| Minority Interest | $17M |
| TOTAL EQUITY | $339M |
| TOTAL LIABILITIES & EQUITY | $476M |
| Total Debt | $65M |
| Net Debt | $35M |
