| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $321M | $290M | $291M | 10.7% | 10.3% |
| Op. Income | $1M | -$19M | $4M | 105.3% | -75.0% |
| Gross Margin | 15.9% | 11.4% | 16.5% | 4.5pp | -0.6pp |
| Net Margin | 6.2% | -1.0% | 5.5% | 7.3pp | 0.7pp |
| EPS (Diluted) | $0.19 | $-0.08 | $0.16 | 349.3% | 18.8% |
| Free Cash Flow | -$64M | -$48M | -$9M | -33.3% | -611.1% |
| Item | Amount |
|---|---|
| REVENUE | $321M |
| Cost of Revenue | $270M |
| GROSS PROFIT | $51M |
| R&D Expenses | $9M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $41M |
| Operating Expenses | $50M |
| Cost & Expenses | $320M |
| OPERATING INCOME | $1M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | $18M |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | -$1M |
| 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 | $16M |
| D&A | $7M |
| EBIT | $28M |
| EBITDA | $35M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $321M |
| Cost of Revenue | $270M |
| GROSS PROFIT | $51M |
| R&D Expenses | $9M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $41M |
| Operating Expenses | $50M |
| Cost & Expenses | $320M |
| OPERATING INCOME | $1M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | $18M |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | -$1M |
| 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 | $16M |
| D&A | $7M |
| EBIT | $28M |
| EBITDA | $35M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $20M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$32M |
| Change in Working Capital | -$56M |
| OPERATING CASH FLOW | -$60M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $49M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $48M |
| FREE CASH FLOW | -$64M |
| Net Change in Cash | -$21M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $289M |
| Short-Term Investments | $0 |
| Net Receivables | $191M |
| Inventory | $262M |
| Other Current Assets | $46M |
| TOTAL CURRENT ASSETS | $788M |
| PP&E (Net) | $188M |
| Goodwill | $12M |
| Intangible Assets | $32M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.3B |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $2.3B |
| Account Payables | $168M |
| Short-Term Debt | $1M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $137M |
| TOTAL CURRENT LIABILITIES | $318M |
| Long-Term Debt | $308M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $544M |
| TOTAL NON-CURRENT LIABILITIES | $891M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$579M |
| Treasury Stock | -$10M |
| Accum. Other Comp. Income | $326M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $360M |
| Net Debt | $71M |
