| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $88M | $86M | $6M | 2.3% | 1468.2% |
| Op. Income | -$6M | -$4M | -$19M | -58.9% | 66.0% |
| Gross Margin | 11.8% | 13.4% | -57.0% | -1.6pp | 68.8pp |
| Net Margin | -7.2% | -12.7% | -815.2% | 5.5pp | 808.0pp |
| EPS (Diluted) | $-0.07 | $-0.12 | $-0.52 | 42.9% | 86.8% |
| Free Cash Flow | -$1M | -$5M | -$9M | 71.6% | 84.3% |
| Item | Amount |
|---|---|
| REVENUE | $88M |
| Cost of Revenue | $77M |
| GROSS PROFIT | $10M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $13M |
| SG&A Expenses | $13M |
| Other Expenses | $4M |
| Operating Expenses | $17M |
| Cost & Expenses | $94M |
| OPERATING INCOME | -$6M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$7.0K |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | -$113.0K |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $5M |
| EBIT | -$3M |
| EBITDA | $2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | $105.0K |
| OPERATING CASH FLOW | -$561.0K |
| Capital Expenditure | -$919.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$919.0K |
| Net Debt Issuance | -$212.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $55.0K |
| NET CASH FROM FINANCING | -$157.0K |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $29M |
| Short-Term Investments | $0 |
| Net Receivables | $22M |
| Inventory | $30M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $89M |
| PP&E (Net) | $14M |
| Goodwill | $0 |
| Intangible Assets | $578M |
| Long-Term Investments | $2M |
| Tax Assets | $70.0K |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $597M |
| TOTAL ASSETS | $686M |
| Account Payables | $18M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $53M |
| Long-Term Debt | $228M |
| Deferred Revenue NC | $361.0K |
| Deferred Tax Liabilities | -$361.0K |
| Other Non-Current Liabilities | $111M |
| TOTAL NON-CURRENT LIABILITIES | $339M |
| TOTAL LIABILITIES | $392M |
| Common Stock | $9.0K |
| Additional Paid-In Capital | $691M |
| Retained Earnings | -$398M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $294M |
| Minority Interest | $0 |
| TOTAL EQUITY | $294M |
| TOTAL LIABILITIES & EQUITY | $686M |
| Total Debt | $231M |
| Net Debt | $201M |
