| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $294M | $443M | $248M | -33.7% | 18.6% |
| Op. Income | $33M | $94M | $40M | -64.5% | -16.9% |
| Gross Margin | 52.7% | 57.5% | 58.6% | -4.8pp | -5.9pp |
| Net Margin | 8.7% | 16.4% | 12.3% | -7.7pp | -3.6pp |
| EPS (Diluted) | $0.29 | $0.82 | $0.35 | -64.6% | -17.1% |
| Free Cash Flow | -$105M | $58M | -$54M | -279.3% | -95.3% |
| Item | Amount |
|---|---|
| REVENUE | $294M |
| Cost of Revenue | $139M |
| GROSS PROFIT | $155M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $122M |
| Other Expenses | $0 |
| Operating Expenses | $122M |
| Cost & Expenses | $260M |
| OPERATING INCOME | $33M |
| Interest Income | $0 |
| Interest Expense | $766.0K |
| Other Income/Expenses | $136.0K |
| INCOME BEFORE TAX | $33M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $9M |
| EBIT | $33M |
| EBITDA | $42M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $294M |
| Cost of Revenue | $139M |
| GROSS PROFIT | $155M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $122M |
| Other Expenses | $0 |
| Operating Expenses | $122M |
| Cost & Expenses | $260M |
| OPERATING INCOME | $33M |
| Interest Income | $0 |
| Interest Expense | $766.0K |
| Other Income/Expenses | $136.0K |
| INCOME BEFORE TAX | $33M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $9M |
| EBIT | $33M |
| EBITDA | $42M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $26M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$131M |
| OPERATING CASH FLOW | -$89M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | -$6M |
| Common Stock Repurchased | -$100M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$108M |
| FREE CASH FLOW | -$105M |
| Net Change in Cash | -$212M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $100M |
| Short-Term Investments | $0 |
| Net Receivables | $83M |
| Inventory | $413M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $636M |
| PP&E (Net) | $180M |
| Goodwill | $54M |
| Intangible Assets | $97M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $334M |
| TOTAL ASSETS | $970M |
| Account Payables | $167M |
| Short-Term Debt | $25M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $350M |
| Long-Term Debt | $90M |
| Deferred Revenue NC | -$16M |
| Deferred Tax Liabilities | $16M |
| Other Non-Current Liabilities | $28M |
| TOTAL NON-CURRENT LIABILITIES | $173M |
| TOTAL LIABILITIES | $523M |
| Common Stock | $878.0K |
| Additional Paid-In Capital | $341M |
| Retained Earnings | $205M |
| Treasury Stock | -$100M |
| Accum. Other Comp. Income | -$211.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $446M |
| Minority Interest | $0 |
| TOTAL EQUITY | $446M |
| TOTAL LIABILITIES & EQUITY | $970M |
| Total Debt | $181M |
| Net Debt | $80M |
