| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $795M | $801M | $556M | -0.7% | 43.2% |
| Op. Income | -$67M | -$152M | -$195M | 55.6% | 65.4% |
| Gross Margin | 28.7% | 27.7% | 18.9% | 1.0pp | 9.8pp |
| Net Margin | -8.8% | -20.0% | -36.4% | 11.2pp | 27.6pp |
| EPS (Diluted) | $-0.48 | $-1.11 | $-1.23 | 56.4% | 60.8% |
| Free Cash Flow | -$56M | -$307M | -$164M | 81.7% | 65.8% |
| Item | Amount |
|---|---|
| REVENUE | $795M |
| Cost of Revenue | $567M |
| GROSS PROFIT | $229M |
| R&D Expenses | $34M |
| Selling & Marketing | $26M |
| General & Administrative | $17M |
| SG&A Expenses | $43M |
| Other Expenses | $219M |
| Operating Expenses | $296M |
| Cost & Expenses | $863M |
| OPERATING INCOME | -$67M |
| Interest Income | $2M |
| Interest Expense | $4M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$70M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$70M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$70M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$70M |
| D&A | $0 |
| EBIT | -$65M |
| EBITDA | -$65M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$70M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $13M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | -$56M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $129M |
| NET CASH FROM INVESTING | $129M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $14M |
| NET CASH FROM FINANCING | $14M |
| FREE CASH FLOW | -$56M |
| Net Change in Cash | $87M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $184M |
| Short-Term Investments | $525M |
| Net Receivables | $38M |
| Inventory | $69M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $879M |
| PP&E (Net) | $354M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $28M |
| TOTAL NON-CURRENT ASSETS | $381M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $273M |
| Short-Term Debt | $471M |
| Deferred Revenue | $36M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.0B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $163M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $584 |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | -$1.9B |
| Treasury Stock | -$2M |
| Accum. Other Comp. Income | -$31M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $39M |
| Minority Interest | $15M |
| TOTAL EQUITY | $54M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $751M |
| Net Debt | $568M |
