| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $589M | $452M | $267M | 30.3% | 120.3% |
| Op. Income | -$255M | -$258M | -$643.6K | 1.1% | -39514.8% |
| Gross Margin | 10.3% | -1.6% | 6.7% | 11.9pp | 3.6pp |
| Net Margin | -38.7% | -60.7% | -4.2% | 22.0pp | -34.6pp |
| EPS (Diluted) | $-3.30 | $-3.90 | $-3.30 | 15.4% | 0.0% |
| Free Cash Flow | -$660M | -$254M | -$8M | -160.0% | -7829.7% |
| Item | Amount |
|---|---|
| REVENUE | $589M |
| Cost of Revenue | $528M |
| GROSS PROFIT | $61M |
| R&D Expenses | $67M |
| Selling & Marketing | $0 |
| General & Administrative | $234M |
| SG&A Expenses | $234M |
| Other Expenses | $15M |
| Operating Expenses | $316M |
| Cost & Expenses | $844M |
| OPERATING INCOME | -$255M |
| Interest Income | $434.0K |
| Interest Expense | $33M |
| Other Income/Expenses | $29M |
| INCOME BEFORE TAX | -$226M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$228M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$228M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$228M |
| D&A | $34M |
| EBIT | -$187M |
| EBITDA | -$153M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$228M |
| Depreciation & Amortization | $34M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | -$114M |
| Change in Working Capital | -$137M |
| OPERATING CASH FLOW | -$442M |
| Capital Expenditure | -$218M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $119.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$217M |
| NET CASH FROM INVESTING | -$218M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1.5B |
| NET CASH FROM FINANCING | $1.5B |
| FREE CASH FLOW | -$660M |
| Net Change in Cash | $796M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $0 |
| Net Receivables | $110M |
| Inventory | $263M |
| Other Current Assets | $128M |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $369M |
| Goodwill | $47M |
| Intangible Assets | $1.3B |
| Long-Term Investments | $2M |
| Tax Assets | $4M |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $1.8B |
| TOTAL ASSETS | $3.6B |
| Account Payables | $954M |
| Short-Term Debt | $822M |
| Deferred Revenue | $82M |
| Other Current Liabilities | $560M |
| TOTAL CURRENT LIABILITIES | $2.6B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.2B |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $3.8B |
| Common Stock | $21M |
| Additional Paid-In Capital | $3.6B |
| Retained Earnings | -$3.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$170M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$170M |
| TOTAL LIABILITIES & EQUITY | $3.6B |
| Total Debt | $900M |
| Net Debt | -$482M |
