| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $290M | $307M | $265M | -5.5% | 9.4% |
| Op. Income | -$19M | -$46M | -$14M | 58.7% | -35.7% |
| Gross Margin | 11.4% | 10.7% | 15.1% | 0.6pp | -3.7pp |
| Net Margin | -1.0% | -2.0% | 2.3% | 0.9pp | -3.3pp |
| EPS (Diluted) | $-0.08 | $-0.11 | $0.16 | 30.7% | -147.6% |
| Free Cash Flow | -$48M | -$25M | -$17M | -92.0% | -182.4% |
| Item | Amount |
|---|---|
| REVENUE | $290M |
| Cost of Revenue | $257M |
| GROSS PROFIT | $33M |
| R&D Expenses | $9M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $43M |
| Operating Expenses | $52M |
| Cost & Expenses | $309M |
| OPERATING INCOME | -$19M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | $18M |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $7M |
| EBIT | $11M |
| EBITDA | $18M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$25M |
| Change in Working Capital | -$24M |
| OPERATING CASH FLOW | -$43M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | -$48M |
| Net Change in Cash | -$49M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $309M |
| Short-Term Investments | $0 |
| Net Receivables | $182M |
| Inventory | $247M |
| Other Current Assets | $52M |
| TOTAL CURRENT ASSETS | $790M |
| PP&E (Net) | $192M |
| Goodwill | $12M |
| Intangible Assets | $32M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $2.2B |
| Account Payables | $182M |
| Short-Term Debt | $1M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $139M |
| TOTAL CURRENT LIABILITIES | $334M |
| Long-Term Debt | $256M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $575M |
| TOTAL NON-CURRENT LIABILITIES | $873M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$599M |
| Treasury Stock | -$10M |
| Accum. Other Comp. Income | $226M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $980M |
| Minority Interest | $0 |
| TOTAL EQUITY | $980M |
| TOTAL LIABILITIES & EQUITY | $2.2B |
| Total Debt | $311M |
| Net Debt | $2M |
