| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $303M | $448M | $294M | -32.4% | 3.1% |
| Op. Income | $15M | -$44M | $33M | 134.5% | -54.6% |
| Gross Margin | 53.5% | 37.3% | 52.7% | 16.2pp | 0.7pp |
| Net Margin | 3.5% | -6.2% | 8.7% | 9.7pp | -5.2pp |
| EPS (Diluted) | $0.12 | $-0.32 | $0.29 | 137.5% | -58.6% |
| Free Cash Flow | -$57M | $157M | -$105M | -136.2% | 45.8% |
| Item | Amount |
|---|---|
| REVENUE | $303M |
| Cost of Revenue | $141M |
| GROSS PROFIT | $162M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $147M |
| Other Expenses | $0 |
| Operating Expenses | $147M |
| Cost & Expenses | $288M |
| OPERATING INCOME | $15M |
| Interest Income | $0 |
| Interest Expense | $594.0K |
| Other Income/Expenses | -$588.0K |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $11M |
| EBIT | $15M |
| EBITDA | $27M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $303M |
| Cost of Revenue | $141M |
| GROSS PROFIT | $162M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $147M |
| Other Expenses | $0 |
| Operating Expenses | $147M |
| Cost & Expenses | $288M |
| OPERATING INCOME | $15M |
| Interest Income | $0 |
| Interest Expense | $594.0K |
| Other Income/Expenses | -$588.0K |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $11M |
| EBIT | $15M |
| EBITDA | $27M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $11M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$72M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$47M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | -$6M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $679.0K |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | -$57M |
| Net Change in Cash | -$67M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $168M |
| Short-Term Investments | $0 |
| Net Receivables | $96M |
| Inventory | $347M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $655M |
| PP&E (Net) | $179M |
| Goodwill | $54M |
| Intangible Assets | $101M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $17M |
| TOTAL NON-CURRENT ASSETS | $352M |
| TOTAL ASSETS | $1.0B |
| Account Payables | $102M |
| Short-Term Debt | $24M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $330M |
| Long-Term Debt | $66M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $14M |
| TOTAL NON-CURRENT LIABILITIES | $134M |
| TOTAL LIABILITIES | $464M |
| Common Stock | $883.0K |
| Additional Paid-In Capital | $363M |
| Retained Earnings | $279M |
| Treasury Stock | -$100M |
| Accum. Other Comp. Income | -$617.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $543M |
| Minority Interest | $0 |
| TOTAL EQUITY | $543M |
| TOTAL LIABILITIES & EQUITY | $1.0B |
| Total Debt | $156M |
| Net Debt | -$12M |
