| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $299M | $295M | $263M | 1.4% | 13.8% |
| Op. Income | -$27M | $38M | $26M | -170.4% | -201.5% |
| Gross Margin | 63.6% | 71.0% | 69.4% | -7.4pp | -5.9pp |
| Net Margin | -11.7% | 9.4% | -9.5% | -21.1pp | -2.2pp |
| EPS (Diluted) | $-0.50 | $0.40 | $-0.37 | -225.0% | -35.1% |
| Free Cash Flow | $6M | -$30M | -$5M | 120.9% | 226.5% |
| Item | Amount |
|---|---|
| REVENUE | $299M |
| Cost of Revenue | $109M |
| GROSS PROFIT | $190M |
| R&D Expenses | $43M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $174M |
| Other Expenses | $0 |
| Operating Expenses | $217M |
| Cost & Expenses | $326M |
| OPERATING INCOME | -$27M |
| Interest Income | $800.0K |
| Interest Expense | $9M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | -$36M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | -$35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$35M |
| D&A | $16M |
| EBIT | -$28M |
| EBITDA | -$12M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$35M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $29M |
| OPERATING CASH FLOW | $25M |
| Capital Expenditure | -$19M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$22M |
| Net Debt Issuance | -$6M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $6M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $659M |
| Short-Term Investments | $50M |
| Net Receivables | $207M |
| Inventory | $320M |
| Other Current Assets | $60M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $536M |
| Goodwill | $52M |
| Intangible Assets | $55M |
| Long-Term Investments | $15M |
| Tax Assets | $0 |
| Other Non-Current Assets | $161M |
| TOTAL NON-CURRENT ASSETS | $819M |
| TOTAL ASSETS | $2.1B |
| Account Payables | $57M |
| Short-Term Debt | $26M |
| Deferred Revenue | $3M |
| Other Current Liabilities | $136M |
| TOTAL CURRENT LIABILITIES | $279M |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $25M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | -$596M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $422M |
| Minority Interest | $0 |
| TOTAL EQUITY | $422M |
| TOTAL LIABILITIES & EQUITY | $2.1B |
| Total Debt | $1.4B |
| Net Debt | $753M |
