| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $178M | $166M | $146M | 7.1% | 21.8% |
| Op. Income | -$74M | -$92M | -$48M | 19.2% | -54.7% |
| Gross Margin | 15.8% | 9.5% | 26.4% | 6.3pp | -10.6pp |
| Net Margin | -40.5% | -52.6% | -40.4% | 12.2pp | -0.0pp |
| EPS (Diluted) | $-2.41 | $-2.95 | $-1.99 | 18.3% | -21.1% |
| Free Cash Flow | -$117M | -$124M | -$135M | 5.0% | 13.3% |
| Item | Amount |
|---|---|
| REVENUE | $178M |
| Cost of Revenue | $150M |
| GROSS PROFIT | $28M |
| R&D Expenses | $6M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $97M |
| Other Expenses | -$205.0K |
| Operating Expenses | $103M |
| Cost & Expenses | $252M |
| OPERATING INCOME | -$74M |
| Interest Income | $540.0K |
| Interest Expense | $3M |
| Other Income/Expenses | -$593.0K |
| INCOME BEFORE TAX | -$75M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | -$72M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$72M |
| Net Income Deductions | -$633.5K |
| BOTTOM LINE NET INCOME | -$71M |
| D&A | $12M |
| EBIT | -$72M |
| EBITDA | -$60M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$72M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$58M |
| Capital Expenditure | -$59M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $94M |
| Other Investing Activities | -$537.4K |
| NET CASH FROM INVESTING | $36M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | -$117M |
| Net Change in Cash | -$37M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $182M |
| Short-Term Investments | $93M |
| Net Receivables | $139M |
| Inventory | $104M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $543M |
| PP&E (Net) | $759M |
| Goodwill | $115M |
| Intangible Assets | $14M |
| Long-Term Investments | $0 |
| Tax Assets | $3M |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $900M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $97M |
| Short-Term Debt | $5M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $280M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $13M |
| TOTAL NON-CURRENT LIABILITIES | $141M |
| TOTAL LIABILITIES | $421M |
| Common Stock | $105.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$449M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$158M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $150M |
| Net Debt | -$33M |
