| Metric | FY 2021 | Prior Q | FY 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $681M | — | $561M | — | 21.3% |
| Op. Income | -$158M | — | $0 | — | — |
| Gross Margin | -10.2% | — | 1.4% | — | -11.6pp |
| Net Margin | -23.8% | — | -8.3% | — | -15.5pp |
| EPS (Diluted) | $-2.99 | — | $-0.94 | — | -218.1% |
| Free Cash Flow | -$270M | — | -$16M | — | -1606.5% |
| Item | Amount |
|---|---|
| REVENUE | $681M |
| Cost of Revenue | $750M |
| GROSS PROFIT | -$69M |
| R&D Expenses | $23M |
| Selling & Marketing | $23M |
| General & Administrative | $38M |
| SG&A Expenses | $61M |
| Other Expenses | $5M |
| Operating Expenses | $89M |
| Cost & Expenses | $839M |
| OPERATING INCOME | -$158M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$160M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$162M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$162M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$162M |
| D&A | $5M |
| EBIT | -$159M |
| EBITDA | -$154M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$162M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $41M |
| Change in Working Capital | -$148M |
| OPERATING CASH FLOW | -$265M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | -$18M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$22M |
| Net Debt Issuance | $100M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$154.0K |
| NET CASH FROM FINANCING | $231M |
| FREE CASH FLOW | -$270M |
| Net Change in Cash | -$57M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $37M |
| Short-Term Investments | $0 |
| Net Receivables | $206M |
| Inventory | $390M |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $662M |
| PP&E (Net) | $8M |
| Goodwill | $9M |
| Intangible Assets | $36M |
| Long-Term Investments | $0 |
| Tax Assets | $1M |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $56M |
| TOTAL ASSETS | $718M |
| Account Payables | $158M |
| Short-Term Debt | $100M |
| Deferred Revenue | $71M |
| Other Current Liabilities | $15M |
| TOTAL CURRENT LIABILITIES | $771M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $774M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$279M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$285.0K |
| Other Equity | $223M |
| TOTAL STOCKHOLDERS' EQUITY | -$56M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$56M |
| TOTAL LIABILITIES & EQUITY | $718M |
| Total Debt | $100M |
| Net Debt | $63M |
