| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $228M | $185M | $192M | 23.4% | 18.5% |
| Op. Income | -$4M | -$12M | $1M | 66.7% | -417.0% |
| Gross Margin | 37.5% | 36.4% | 37.2% | 1.1pp | 0.3pp |
| Net Margin | -3.3% | -7.8% | -3.4% | 4.6pp | 0.1pp |
| EPS (Diluted) | $-0.81 | $-1.53 | $-0.69 | 46.9% | -18.0% |
| Free Cash Flow | -$20M | -$131M | $1M | 84.6% | -2025.2% |
| Item | Amount |
|---|---|
| REVENUE | $228M |
| Cost of Revenue | $142M |
| GROSS PROFIT | $86M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $90M |
| Other Expenses | -$161.0K |
| Operating Expenses | $90M |
| Cost & Expenses | $232M |
| OPERATING INCOME | -$4M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | -$4M |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $7M |
| EBIT | -$4M |
| EBITDA | $2M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$102.0K |
| Other Non-Cash Items | $760.0K |
| Change in Working Capital | -$14M |
| OPERATING CASH FLOW | -$11M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | -$25M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $386.0K |
| NET CASH FROM INVESTING | -$33M |
| Net Debt Issuance | $43M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $229.0K |
| NET CASH FROM FINANCING | $43M |
| FREE CASH FLOW | -$20M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $52M |
| Short-Term Investments | $0 |
| Net Receivables | $44M |
| Inventory | $345M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $472M |
| PP&E (Net) | $279M |
| Goodwill | $118M |
| Intangible Assets | $29M |
| Long-Term Investments | $0 |
| Tax Assets | $2M |
| Other Non-Current Assets | $30M |
| TOTAL NON-CURRENT ASSETS | $458M |
| TOTAL ASSETS | $930M |
| Account Payables | $161M |
| Short-Term Debt | $70M |
| Deferred Revenue | $9M |
| Other Current Liabilities | $79M |
| TOTAL CURRENT LIABILITIES | $338M |
| Long-Term Debt | $828M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $978M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $183.0K |
| Additional Paid-In Capital | $83M |
| Retained Earnings | -$469M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$386M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$386M |
| TOTAL LIABILITIES & EQUITY | $930M |
| Total Debt | $1.0B |
| Net Debt | $995M |
