| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $343M | — | $98M | — | 249.2% |
| Op. Income | -$61M | — | -$22M | — | -177.7% |
| Gross Margin | -4.3% | — | 1.0% | — | -5.3pp |
| Net Margin | -17.7% | — | -24.0% | — | 6.3pp |
| EPS (Diluted) | $-1.12 | — | $-0.48 | — | -133.3% |
| Free Cash Flow | $50M | — | -$26M | — | 292.9% |
| Item | Amount |
|---|---|
| REVENUE | $343M |
| Cost of Revenue | $357M |
| GROSS PROFIT | -$15M |
| R&D Expenses | $13M |
| Selling & Marketing | $6M |
| General & Administrative | $25M |
| SG&A Expenses | $31M |
| Other Expenses | -$60M |
| Operating Expenses | -$15M |
| Cost & Expenses | $343M |
| OPERATING INCOME | -$61M |
| Interest Income | $0 |
| Interest Expense | $676.0K |
| Other Income/Expenses | $433.0K |
| INCOME BEFORE TAX | -$61M |
| Income Tax Expense | $128.0K |
| Net Income from Continuing Ops | -$61M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$61M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$19M |
| D&A | $1M |
| EBIT | -$60M |
| EBITDA | -$58M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$61M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | -$3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$15M |
| Change in Working Capital | $128M |
| OPERATING CASH FLOW | $51M |
| Capital Expenditure | -$401.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | $50M |
| Net Change in Cash | $43M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $652M |
| Short-Term Investments | $0 |
| Net Receivables | $274M |
| Inventory | $352M |
| Other Current Assets | $77M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $8M |
| Goodwill | $9M |
| Intangible Assets | $34M |
| Long-Term Investments | $0 |
| Tax Assets | $1M |
| Other Non-Current Assets | $32M |
| TOTAL NON-CURRENT ASSETS | $85M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $122M |
| Short-Term Debt | $0 |
| Deferred Revenue | $223M |
| Other Current Liabilities | $43M |
| TOTAL CURRENT LIABILITIES | $775M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $703.0K |
| TOTAL NON-CURRENT LIABILITIES | $703.0K |
| TOTAL LIABILITIES | $775M |
| Common Stock | $0 |
| Additional Paid-In Capital | $289M |
| Retained Earnings | -$48M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $241M |
| Minority Interest | $484M |
| TOTAL EQUITY | $725M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $0 |
| Net Debt | -$652M |
