| Metric | Q3 2021 | Q2 2021 | Q3 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $904M | $679M | $429M | 33.2% | 111.0% |
| Op. Income | -$295M | -$283M | -$123M | -4.2% | -139.2% |
| Gross Margin | 18.2% | 14.6% | 17.5% | 3.6pp | 0.7pp |
| Net Margin | -32.5% | -41.7% | -28.2% | 9.2pp | -4.2pp |
| EPS (Diluted) | $-2.04 | $-9.81 | $-1.14 | 79.3% | -78.6% |
| Free Cash Flow | -$185M | -$237M | -$90M | 21.8% | -106.3% |
| Item | Amount |
|---|---|
| REVENUE | $904M |
| Cost of Revenue | $740M |
| GROSS PROFIT | $165M |
| R&D Expenses | $38M |
| Selling & Marketing | $63M |
| General & Administrative | $360M |
| SG&A Expenses | $422M |
| Other Expenses | $0 |
| Operating Expenses | $460M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | -$295M |
| Interest Income | $2M |
| Interest Expense | $4M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$294M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$294M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$294M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$294M |
| D&A | $0 |
| EBIT | -$290M |
| EBITDA | -$290M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$294M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $109M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | -$185M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $354M |
| NET CASH FROM INVESTING | $354M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $133M |
| NET CASH FROM FINANCING | $133M |
| FREE CASH FLOW | -$185M |
| Net Change in Cash | $300M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $453M |
| Short-Term Investments | $543M |
| Net Receivables | $23M |
| Inventory | $95M |
| Other Current Assets | $946.2K |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $362M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $27M |
| TOTAL NON-CURRENT ASSETS | $389M |
| TOTAL ASSETS | $1.6B |
| Account Payables | $409M |
| Short-Term Debt | $407M |
| Deferred Revenue | $33M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $1M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $164M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $584 |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | -$1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$12M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $273M |
| Minority Interest | $0 |
| TOTAL EQUITY | $273M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $694M |
| Net Debt | $241M |
