| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $152M | $94M | $91M | 61.3% | 67.7% |
| Op. Income | -$12M | -$8M | -$29M | -47.4% | 60.2% |
| Gross Margin | 11.4% | 3.1% | 2.3% | 8.3pp | 9.0pp |
| Net Margin | -13.1% | -14.0% | -40.5% | 0.9pp | 27.5pp |
| EPS (Diluted) | $-1.97 | $-1.36 | $-4.43 | -44.9% | 55.5% |
| Free Cash Flow | -$12M | -$16M | -$14M | 24.5% | 11.1% |
| Item | Amount |
|---|---|
| REVENUE | $152M |
| Cost of Revenue | $135M |
| GROSS PROFIT | $17M |
| R&D Expenses | $100.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $15M |
| Other Expenses | $14M |
| Operating Expenses | $29M |
| Cost & Expenses | $164M |
| OPERATING INCOME | -$12M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | -$20M |
| Income Tax Expense | $100.0K |
| Net Income from Continuing Ops | -$20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$20M |
| D&A | $14M |
| EBIT | -$12M |
| EBITDA | $2M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$20M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $700.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $900.0K |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $3M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$300.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$400.0K |
| NET CASH FROM FINANCING | $800.0K |
| FREE CASH FLOW | -$12M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $19M |
| Short-Term Investments | $0 |
| Net Receivables | $107M |
| Inventory | $24M |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $162M |
| PP&E (Net) | $213M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $217M |
| TOTAL ASSETS | $380M |
| Account Payables | $72M |
| Short-Term Debt | $22M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$20M |
| TOTAL CURRENT LIABILITIES | $131M |
| Long-Term Debt | $275M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $400.0K |
| TOTAL NON-CURRENT LIABILITIES | $316M |
| TOTAL LIABILITIES | $447M |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $483M |
| Retained Earnings | -$545M |
| Treasury Stock | -$5M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$67M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$67M |
| TOTAL LIABILITIES & EQUITY | $380M |
| Total Debt | $337M |
| Net Debt | $318M |
