| Metric | Q4 2021 | Q3 2021 | Q4 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $308M | $276M | $246M | 11.6% | 25.0% |
| Op. Income | $50M | $34M | -$7M | 47.5% | 780.8% |
| Gross Margin | 69.3% | 68.5% | 65.5% | 0.8pp | 3.8pp |
| Net Margin | 9.5% | 4.6% | -6.9% | 4.9pp | 16.4pp |
| EPS (Diluted) | $0.42 | $0.18 | $-0.26 | 133.3% | 261.5% |
| Free Cash Flow | -$62M | -$55M | -$71M | -13.5% | 11.7% |
| Item | Amount |
|---|---|
| REVENUE | $308M |
| Cost of Revenue | $95M |
| GROSS PROFIT | $213M |
| R&D Expenses | $42M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $122M |
| Other Expenses | $0 |
| Operating Expenses | $164M |
| Cost & Expenses | $258M |
| OPERATING INCOME | $50M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $33M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $15M |
| EBIT | $48M |
| EBITDA | $63M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $308M |
| Cost of Revenue | $95M |
| GROSS PROFIT | $213M |
| R&D Expenses | $42M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $122M |
| Other Expenses | $0 |
| Operating Expenses | $164M |
| Cost & Expenses | $258M |
| OPERATING INCOME | $50M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $33M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $15M |
| EBIT | $48M |
| EBITDA | $63M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $29M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $10M |
| Change in Working Capital | -$89M |
| OPERATING CASH FLOW | -$26M |
| Capital Expenditure | -$37M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $500.0K |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$36M |
| Net Debt Issuance | -$10M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$600.0K |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$62M |
| Net Change in Cash | -$65M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $792M |
| Short-Term Investments | $0 |
| Net Receivables | $161M |
| Inventory | $303M |
| Other Current Assets | $61M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $546M |
| Goodwill | $40M |
| Intangible Assets | $37M |
| Long-Term Investments | $19M |
| Tax Assets | $0 |
| Other Non-Current Assets | $90M |
| TOTAL NON-CURRENT ASSETS | $732M |
| TOTAL ASSETS | $2.0B |
| Account Payables | $38M |
| Short-Term Debt | $30M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $87M |
| TOTAL CURRENT LIABILITIES | $229M |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$650M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $556M |
| Minority Interest | $0 |
| TOTAL EQUITY | $556M |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $1.3B |
| Net Debt | $495M |
