| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $242M | $231M | $120M | 4.9% | 102.4% |
| Op. Income | -$123M | -$110M | -$65M | -11.8% | -88.9% |
| Gross Margin | -9.8% | -1.4% | -3.5% | -8.3pp | -6.3pp |
| Net Margin | -58.1% | -48.5% | -58.6% | -9.6pp | 0.5pp |
| EPS (Diluted) | $-0.89 | $-0.76 | $-0.59 | -17.1% | -50.8% |
| Free Cash Flow | -$129M | -$51M | -$55M | -154.7% | -137.2% |
| Item | Amount |
|---|---|
| REVENUE | $242M |
| Cost of Revenue | $266M |
| GROSS PROFIT | -$24M |
| R&D Expenses | $19M |
| Selling & Marketing | $43M |
| General & Administrative | $27M |
| SG&A Expenses | $69M |
| Other Expenses | $11M |
| Operating Expenses | $99M |
| Cost & Expenses | $365M |
| OPERATING INCOME | -$123M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$129M |
| Income Tax Expense | -$403.0K |
| Net Income from Continuing Ops | -$128M |
| Net Income from Discontinued Ops | -$12M |
| Other Adjustments | $0 |
| NET INCOME | -$141M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$141M |
| D&A | $12M |
| EBIT | -$125M |
| EBITDA | -$113M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$141M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | -$403.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$20M |
| OPERATING CASH FLOW | -$127M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | $209M |
| FREE CASH FLOW | -$129M |
| Net Change in Cash | $77M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $451M |
| Short-Term Investments | $0 |
| Net Receivables | $34M |
| Inventory | $0 |
| Other Current Assets | $731.0K |
| TOTAL CURRENT ASSETS | $521M |
| PP&E (Net) | $48M |
| Goodwill | $628M |
| Intangible Assets | $208M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $52M |
| TOTAL NON-CURRENT ASSETS | $935M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $50M |
| Short-Term Debt | $9M |
| Deferred Revenue | $43M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $328M |
| Long-Term Debt | $392M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $440M |
| TOTAL LIABILITIES | $768M |
| Common Stock | $18.0K |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $698M |
| Minority Interest | -$10M |
| TOTAL EQUITY | $688M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $444M |
| Net Debt | -$6M |
