| Metric | Q3 2021 | Q2 2021 | Q3 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $278M | $98M | — | 183.5% | — |
| Op. Income | -$37M | -$22M | — | -68.5% | — |
| Gross Margin | -5.4% | 1.0% | — | -6.4pp | — |
| Net Margin | -13.9% | -24.0% | — | 10.0pp | — |
| EPS (Diluted) | $-0.78 | $-0.48 | — | -62.5% | — |
| Free Cash Flow | -$57M | -$26M | — | -118.8% | — |
| Item | Amount |
|---|---|
| REVENUE | $278M |
| Cost of Revenue | $293M |
| GROSS PROFIT | -$15M |
| R&D Expenses | $5M |
| Selling & Marketing | $7M |
| General & Administrative | $9M |
| SG&A Expenses | $16M |
| Other Expenses | -$36M |
| Operating Expenses | -$15M |
| Cost & Expenses | $278M |
| OPERATING INCOME | -$37M |
| Interest Income | $0 |
| Interest Expense | $424.0K |
| Other Income/Expenses | -$75.0K |
| INCOME BEFORE TAX | -$37M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$39M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$39M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$39M |
| D&A | $1M |
| EBIT | -$37M |
| EBITDA | -$35M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$39M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $29M |
| Change in Working Capital | -$47M |
| OPERATING CASH FLOW | -$56M |
| Capital Expenditure | -$772.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$772.0K |
| Net Debt Issuance | -$38M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | $85M |
| FREE CASH FLOW | -$57M |
| Net Change in Cash | $29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $58M |
| Short-Term Investments | $0 |
| Net Receivables | $209M |
| Inventory | $333M |
| Other Current Assets | $22M |
| TOTAL CURRENT ASSETS | $639M |
| PP&E (Net) | $8M |
| Goodwill | $9M |
| Intangible Assets | $37M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $355.0K |
| TOTAL NON-CURRENT ASSETS | $54M |
| TOTAL ASSETS | $693M |
| Account Payables | $68M |
| Short-Term Debt | $0 |
| Deferred Revenue | $140M |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $658M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $163.0K |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $662M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$192M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$509.0K |
| Other Equity | $193M |
| TOTAL STOCKHOLDERS' EQUITY | $0 |
| Minority Interest | $0 |
| TOTAL EQUITY | $0 |
| TOTAL LIABILITIES & EQUITY | $662M |
| Total Debt | $0 |
| Net Debt | -$58M |
