| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $127M | $88M | $9M | 45.3% | 1291.4% |
| Op. Income | $1M | -$6M | -$17M | 115.9% | 106.0% |
| Gross Margin | 13.4% | 11.8% | -20.9% | 1.6pp | 34.3pp |
| Net Margin | 43.9% | -7.2% | 3.3% | 51.1pp | 40.5pp |
| EPS (Diluted) | $0.59 | $-0.07 | $-0.04 | 961.3% | 1575.0% |
| Free Cash Flow | $4M | -$1M | -$11M | 358.1% | 135.0% |
| Item | Amount |
|---|---|
| REVENUE | $127M |
| Cost of Revenue | $110M |
| GROSS PROFIT | $17M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | $4M |
| Operating Expenses | $16M |
| Cost & Expenses | $126M |
| OPERATING INCOME | $1M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | $55M |
| INCOME BEFORE TAX | $56M |
| Income Tax Expense | $86.0K |
| Net Income from Continuing Ops | $56M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $56M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $56M |
| D&A | $5M |
| EBIT | $1M |
| EBITDA | $6M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $127M |
| Cost of Revenue | $110M |
| GROSS PROFIT | $17M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | $4M |
| Operating Expenses | $16M |
| Cost & Expenses | $126M |
| OPERATING INCOME | $1M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | $55M |
| INCOME BEFORE TAX | $56M |
| Income Tax Expense | $86.0K |
| Net Income from Continuing Ops | $56M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $56M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $56M |
| D&A | $5M |
| EBIT | $1M |
| EBITDA | $6M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $56M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $70.0K |
| Other Non-Cash Items | -$58M |
| Change in Working Capital | -$893.0K |
| OPERATING CASH FLOW | $5M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$522.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4.0K |
| NET CASH FROM FINANCING | -$518.0K |
| FREE CASH FLOW | $4M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $32M |
| Short-Term Investments | $0 |
| Net Receivables | $32M |
| Inventory | $34M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $108M |
| PP&E (Net) | $14M |
| Goodwill | $0 |
| Intangible Assets | $574M |
| Long-Term Investments | $2M |
| Tax Assets | -$2M |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $593M |
| TOTAL ASSETS | $701M |
| Account Payables | $27M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $925.0K |
| TOTAL CURRENT LIABILITIES | $67M |
| Long-Term Debt | $228M |
| Deferred Revenue NC | $381.0K |
| Deferred Tax Liabilities | -$381.0K |
| Other Non-Current Liabilities | $52M |
| TOTAL NON-CURRENT LIABILITIES | $280M |
| TOTAL LIABILITIES | $347M |
| Common Stock | $9.0K |
| Additional Paid-In Capital | $694M |
| Retained Earnings | -$342M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $354M |
| Minority Interest | $0 |
| TOTAL EQUITY | $354M |
| TOTAL LIABILITIES & EQUITY | $701M |
| Total Debt | $230M |
| Net Debt | $198M |
