Q3 2022 Earnings

Reported September 29, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q3 2022	Q2 2022	Q3 2021	QoQ Change	YoY Change
Revenue	$642M	$1.3B	—	-50.2%	—
Op. Income	-$155M	$849M	—	-118.3%	—
Gross Margin	-2.3%	100.0%	—	-102.3pp	—
Net Margin	-25.1%	3.8%	—	-28.9pp	—
EPS (Diluted)	$0.00	$0.00	—	NaN%	—

Income Statement

Item	Amount
REVENUE	$642M
Cost of Revenue	$656M
GROSS PROFIT	-$15M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$97M
SG&A Expenses	$97M
Other Expenses	$44M
Operating Expenses	$140M
Cost & Expenses	$797M
OPERATING INCOME	-$155M
Interest Income	$0
Interest Expense	$15M
Other Income/Expenses	$0
INCOME BEFORE TAX	-$155M
Income Tax Expense	$6M
Net Income from Continuing Ops	-$161M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$161M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$172M
D&A	$0
EBIT	-$141M
EBITDA	-$141M
EPS	$0
EPS Diluted	$0