| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $381M | $362M | $414M | 5.1% | -8.0% |
| Op. Income | -$12M | $19M | $39M | -164.7% | -131.7% |
| Gross Margin | 26.8% | 35.4% | 37.1% | -8.6pp | -10.3pp |
| Net Margin | -3.5% | 5.5% | 5.8% | -9.0pp | -9.3pp |
| EPS (Diluted) | $-1.01 | $1.43 | $1.60 | -170.6% | -163.1% |
| Free Cash Flow | -$42M | -$30M | $6M | -42.1% | -746.5% |
| Item | Amount |
|---|---|
| REVENUE | $381M |
| Cost of Revenue | $279M |
| GROSS PROFIT | $102M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $115M |
| Other Expenses | $0 |
| Operating Expenses | $115M |
| Cost & Expenses | $393M |
| OPERATING INCOME | -$12M |
| Interest Income | $14.0K |
| Interest Expense | $3M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$16M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | -$13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$13M |
| D&A | $34M |
| EBIT | -$14M |
| EBITDA | $20M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $21M |
| Change in Working Capital | -$66M |
| OPERATING CASH FLOW | -$34M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$97.0K |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | $34M |
| Common Stock Repurchased | -$23M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $12M |
| FREE CASH FLOW | -$42M |
| Net Change in Cash | -$30M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $28M |
| Short-Term Investments | $0 |
| Net Receivables | $44M |
| Inventory | $616M |
| Other Current Assets | $59M |
| TOTAL CURRENT ASSETS | $748M |
| PP&E (Net) | $322M |
| Goodwill | $0 |
| Intangible Assets | $71M |
| Long-Term Investments | $0 |
| Tax Assets | $20M |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $426M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $304M |
| Short-Term Debt | $363M |
| Deferred Revenue | $17M |
| Other Current Liabilities | $107M |
| TOTAL CURRENT LIABILITIES | $793M |
| Long-Term Debt | $50M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $35M |
| TOTAL NON-CURRENT LIABILITIES | $197M |
| TOTAL LIABILITIES | $990M |
| Common Stock | $1M |
| Additional Paid-In Capital | $152M |
| Retained Earnings | $46M |
| Treasury Stock | -$4M |
| Accum. Other Comp. Income | -$11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $184M |
| Minority Interest | $0 |
| TOTAL EQUITY | $184M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $525M |
| Net Debt | $497M |
