| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $199M | $216M | $226M | -8.0% | -12.1% |
| Op. Income | -$74M | -$164M | -$32M | 54.6% | -135.3% |
| Gross Margin | 46.8% | 45.1% | 69.9% | 1.7pp | -23.1pp |
| Net Margin | -37.0% | -67.5% | -13.3% | 30.5pp | -23.7pp |
| EPS (Diluted) | $-12.00 | $-23.57 | $-6.18 | 49.1% | -94.2% |
| Free Cash Flow | -$46M | -$93M | -$22M | 50.7% | -106.4% |
| Item | Amount |
|---|---|
| REVENUE | $199M |
| Cost of Revenue | $106M |
| GROSS PROFIT | $93M |
| R&D Expenses | $34M |
| Selling & Marketing | $106M |
| General & Administrative | $20M |
| SG&A Expenses | $127M |
| Other Expenses | $7M |
| Operating Expenses | $167M |
| Cost & Expenses | $273M |
| OPERATING INCOME | -$74M |
| Interest Income | $0 |
| Interest Expense | $19.0K |
| Other Income/Expenses | $181.0K |
| INCOME BEFORE TAX | -$74M |
| Income Tax Expense | -$706.0K |
| Net Income from Continuing Ops | -$74M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$74M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$74M |
| D&A | $22M |
| EBIT | -$74M |
| EBITDA | -$53M |
| EPS | -$12 |
| EPS Diluted | -$12 |
| Item | Amount |
|---|---|
| Net Income | -$74M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$808.0K |
| Other Non-Cash Items | $23M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | -$33M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$46M |
| Net Change in Cash | -$44M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $63M |
| Short-Term Investments | $0 |
| Net Receivables | $1M |
| Inventory | $100M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $187M |
| PP&E (Net) | $103M |
| Goodwill | $0 |
| Intangible Assets | $167M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $87M |
| TOTAL NON-CURRENT ASSETS | $357M |
| TOTAL ASSETS | $544M |
| Account Payables | $26M |
| Short-Term Debt | $0 |
| Deferred Revenue | $109M |
| Other Current Liabilities | $55M |
| TOTAL CURRENT LIABILITIES | $210M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $13M |
| TOTAL NON-CURRENT LIABILITIES | $16M |
| TOTAL LIABILITIES | $226M |
| Common Stock | $31.0K |
| Additional Paid-In Capital | $617M |
| Retained Earnings | -$299M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$133.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $318M |
| Minority Interest | $0 |
| TOTAL EQUITY | $318M |
| TOTAL LIABILITIES & EQUITY | $544M |
| Total Debt | $0 |
| Net Debt | -$63M |
