| Metric | Q3 2021 | Q2 2021 | Q3 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $213M | $267M | $295M | -20.4% | -27.9% |
| Op. Income | -$293M | -$643.6K | -$115M | -45405.7% | -153.6% |
| Gross Margin | -16.3% | 6.7% | 12.9% | -23.0pp | -29.2pp |
| Net Margin | -142.1% | -4.2% | -45.4% | -137.9pp | -96.7pp |
| EPS (Diluted) | $-4.20 | $-3.30 | $-4.20 | -27.3% | 0.0% |
| Free Cash Flow | -$56M | -$8M | $12M | -567.0% | -581.5% |
| Item | Amount |
|---|---|
| REVENUE | $213M |
| Cost of Revenue | $248M |
| GROSS PROFIT | -$35M |
| R&D Expenses | $51M |
| Selling & Marketing | $0 |
| General & Administrative | $199M |
| SG&A Expenses | $199M |
| Other Expenses | -$50.0K |
| Operating Expenses | $258M |
| Cost & Expenses | $506M |
| OPERATING INCOME | -$293M |
| Interest Income | $10M |
| Interest Expense | $16M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | -$299M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$302M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$302M |
| Net Income Deductions | -$280M |
| BOTTOM LINE NET INCOME | -$23M |
| D&A | $63M |
| EBIT | -$293M |
| EBITDA | -$230M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$302M |
| Depreciation & Amortization | $63M |
| Stock-Based Compensation | -$7M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $50M |
| Change in Working Capital | $152M |
| OPERATING CASH FLOW | -$42M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$10.3K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | $176M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $209M |
| FREE CASH FLOW | -$56M |
| Net Change in Cash | $141M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $488.2K |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $800M |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $800M |
| TOTAL ASSETS | $802M |
| Account Payables | $0 |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $57M |
| TOTAL CURRENT LIABILITIES | $59M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $28M |
| TOTAL NON-CURRENT LIABILITIES | $28M |
| TOTAL LIABILITIES | $87M |
| Common Stock | $800M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$84M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $716M |
| Minority Interest | $0 |
| TOTAL EQUITY | $716M |
| TOTAL LIABILITIES & EQUITY | $802M |
| Total Debt | $2M |
| Net Debt | $2M |
