| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $40M | $32M | $77M | 26.6% | -48.0% |
| Op. Income | $31M | $25M | $71M | 21.8% | -56.9% |
| Gross Margin | 82.9% | 82.2% | 93.5% | 0.7pp | -10.6pp |
| Net Margin | 63.3% | 78.9% | 91.9% | -15.6pp | -28.5pp |
| EPS (Diluted) | $0.38 | $0.37 | $1.06 | 2.7% | -64.2% |
| Free Cash Flow | -$177M | -$88M | $35M | -102.0% | -606.2% |
| Item | Amount |
|---|---|
| REVENUE | $40M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $33M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $973.0K |
| SG&A Expenses | $973.0K |
| Other Expenses | $2M |
| Operating Expenses | $3M |
| Cost & Expenses | $10M |
| OPERATING INCOME | $31M |
| Interest Income | $22M |
| Interest Expense | $7M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $0 |
| EBIT | $31M |
| EBITDA | $31M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $40M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $33M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $973.0K |
| SG&A Expenses | $973.0K |
| Other Expenses | $2M |
| Operating Expenses | $3M |
| Cost & Expenses | $10M |
| OPERATING INCOME | $31M |
| Interest Income | $22M |
| Interest Expense | $7M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $0 |
| EBIT | $31M |
| EBITDA | $31M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $26M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$189M |
| Change in Working Capital | -$14M |
| OPERATING CASH FLOW | -$177M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $205M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$8M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $197M |
| FREE CASH FLOW | -$177M |
| Net Change in Cash | $19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $40M |
| Short-Term Investments | $0 |
| Net Receivables | $33M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $72M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.4B |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $1.5B |
| Account Payables | $13M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $13M |
| Long-Term Debt | $814M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $14M |
| TOTAL NON-CURRENT LIABILITIES | $828M |
| TOTAL LIABILITIES | $840M |
| Common Stock | $67.0K |
| Additional Paid-In Capital | $787M |
| Retained Earnings | -$109M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $678M |
| Minority Interest | $0 |
| TOTAL EQUITY | $678M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $814M |
| Net Debt | $774M |
