| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $184M | $152M | $112M | 21.1% | 64.8% |
| Op. Income | $1M | -$12M | -$17M | 112.2% | 108.3% |
| Gross Margin | 18.2% | 11.4% | 11.3% | 6.8pp | 6.8pp |
| Net Margin | -4.1% | -13.1% | -22.3% | 9.0pp | 18.3pp |
| EPS (Diluted) | $-0.67 | $-1.97 | $-2.98 | 66.0% | 77.5% |
| Free Cash Flow | -$16M | -$12M | -$30M | -35.0% | 45.3% |
| Item | Amount |
|---|---|
| REVENUE | $184M |
| Cost of Revenue | $151M |
| GROSS PROFIT | $34M |
| R&D Expenses | $100.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $18M |
| Other Expenses | $14M |
| Operating Expenses | $32M |
| Cost & Expenses | $183M |
| OPERATING INCOME | $1M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | $200.0K |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $14M |
| EBIT | $1M |
| EBITDA | $15M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $800.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$13M |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $4M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $20M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$400.0K |
| NET CASH FROM FINANCING | $24M |
| FREE CASH FLOW | -$16M |
| Net Change in Cash | $12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $32M |
| Short-Term Investments | $0 |
| Net Receivables | $123M |
| Inventory | $26M |
| Other Current Assets | $18M |
| TOTAL CURRENT ASSETS | $199M |
| PP&E (Net) | $211M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $217M |
| TOTAL ASSETS | $415M |
| Account Payables | $86M |
| Short-Term Debt | $23M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$21M |
| TOTAL CURRENT LIABILITIES | $144M |
| Long-Term Debt | $295M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $400.0K |
| TOTAL NON-CURRENT LIABILITIES | $341M |
| TOTAL LIABILITIES | $485M |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $488M |
| Retained Earnings | -$553M |
| Treasury Stock | -$5M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$69M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$69M |
| TOTAL LIABILITIES & EQUITY | $415M |
| Total Debt | $363M |
| Net Debt | $332M |
