| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.4B | $1.2B | -17.6% | -4.0% |
| Op. Income | -$108M | -$154M | -$58M | 29.9% | -85.9% |
| Gross Margin | 24.8% | 21.7% | 27.1% | 3.2pp | -2.3pp |
| Net Margin | -9.6% | -11.5% | -5.2% | 1.9pp | -4.4pp |
| EPS (Diluted) | $-0.36 | $-0.52 | $-0.21 | 30.8% | -71.4% |
| Free Cash Flow | -$124M | -$315M | -$25M | 60.6% | -395.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $854M |
| GROSS PROFIT | $282M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $388M |
| Other Expenses | $3M |
| Operating Expenses | $390M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | -$108M |
| Interest Income | $300.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $300.0K |
| INCOME BEFORE TAX | -$108M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$109M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$109M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$109M |
| D&A | $15M |
| EBIT | -$105M |
| EBITDA | -$90M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$109M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$21M |
| OPERATING CASH FLOW | -$103M |
| Capital Expenditure | -$21M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $400.0K |
| NET CASH FROM INVESTING | -$20M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$124M |
| Net Change in Cash | -$127M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $909M |
| Short-Term Investments | $0 |
| Net Receivables | $100M |
| Inventory | $735M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $701M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $17M |
| Other Non-Current Assets | $63M |
| TOTAL NON-CURRENT ASSETS | $780M |
| TOTAL ASSETS | $2.8B |
| Account Payables | $217M |
| Short-Term Debt | $9M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $932M |
| Long-Term Debt | $32M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $124M |
| TOTAL NON-CURRENT LIABILITIES | $524M |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$173M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$77M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $2.8B |
| Total Debt | $602M |
| Net Debt | -$307M |
