| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $124M | $84M | $83M | 47.5% | 49.0% |
| Op. Income | $11M | -$10M | $16M | 210.9% | -32.3% |
| Gross Margin | 42.4% | 57.9% | 60.6% | -15.5pp | -18.2pp |
| Net Margin | -4.2% | -15.6% | 87.8% | 11.4pp | -92.0pp |
| EPS (Diluted) | $-0.15 | $-0.39 | $1.79 | 61.5% | -108.4% |
| Free Cash Flow | $40M | -$25M | $29M | 257.3% | 38.8% |
| Item | Amount |
|---|---|
| REVENUE | $124M |
| Cost of Revenue | $71M |
| GROSS PROFIT | $52M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $41M |
| Other Expenses | $0 |
| Operating Expenses | $41M |
| Cost & Expenses | $112M |
| OPERATING INCOME | $11M |
| Interest Income | $5.0K |
| Interest Expense | $18M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $38M |
| EBIT | $11M |
| EBITDA | $50M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $38M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $40M |
| Capital Expenditure | -$461.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$461.0K |
| Net Debt Issuance | -$25M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | -$24M |
| FREE CASH FLOW | $40M |
| Net Change in Cash | $16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $123M |
| Short-Term Investments | $0 |
| Net Receivables | $198M |
| Inventory | $78M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $410M |
| PP&E (Net) | $27M |
| Goodwill | $130M |
| Intangible Assets | $647M |
| Long-Term Investments | $0 |
| Tax Assets | $29M |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $836M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $7M |
| Short-Term Debt | $121M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $415M |
| Long-Term Debt | $625M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $633M |
| TOTAL LIABILITIES | $1.0B |
| Common Stock | $37.0K |
| Additional Paid-In Capital | $520M |
| Retained Earnings | -$275M |
| Treasury Stock | -$48M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $198M |
| Minority Interest | $0 |
| TOTAL EQUITY | $198M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $755M |
| Net Debt | $632M |
