| Metric | Q4 2021 | Q3 2021 | Q4 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $590M | $213M | — | 176.9% | — |
| Op. Income | -$337M | -$293M | — | -15.2% | — |
| Gross Margin | -0.0% | -16.3% | — | 16.3pp | — |
| Net Margin | -57.1% | -142.1% | — | 84.9pp | — |
| EPS (Diluted) | $-4.80 | $-4.20 | — | -14.3% | — |
| Free Cash Flow | -$215M | -$56M | — | -286.5% | — |
| Item | Amount |
|---|---|
| REVENUE | $590M |
| Cost of Revenue | $590M |
| GROSS PROFIT | -$200.0K |
| R&D Expenses | $76M |
| Selling & Marketing | $0 |
| General & Administrative | $237M |
| SG&A Expenses | $237M |
| Other Expenses | -$50.0K |
| Operating Expenses | $288M |
| Cost & Expenses | $878M |
| OPERATING INCOME | -$337M |
| Interest Income | $0 |
| Interest Expense | $40M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | -$346M |
| Income Tax Expense | -$9M |
| Net Income from Continuing Ops | -$337M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$337M |
| Net Income Deductions | -$290M |
| BOTTOM LINE NET INCOME | -$47M |
| D&A | $55M |
| EBIT | -$288M |
| EBITDA | -$233M |
| EPS | -$5 |
| EPS Diluted | -$5 |
| Item | Amount |
|---|---|
| Net Income | -$337M |
| Depreciation & Amortization | $55M |
| Stock-Based Compensation | $62M |
| Deferred Income Tax | -$9M |
| Other Non-Cash Items | $8M |
| Change in Working Capital | $64M |
| OPERATING CASH FLOW | -$157M |
| Capital Expenditure | -$58M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$16.9K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$58M |
| NET CASH FROM INVESTING | -$58M |
| Net Debt Issuance | $374M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $373M |
| FREE CASH FLOW | -$215M |
| Net Change in Cash | $150M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $757M |
| Short-Term Investments | $1M |
| Net Receivables | $247M |
| Inventory | $546M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $329M |
| Goodwill | $53M |
| Intangible Assets | $1.3B |
| Long-Term Investments | $0 |
| Tax Assets | $4M |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $1.7B |
| TOTAL ASSETS | $3.3B |
| Account Payables | $1.5B |
| Short-Term Debt | $734M |
| Deferred Revenue | $95M |
| Other Current Liabilities | $606M |
| TOTAL CURRENT LIABILITIES | $3.0B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $29M |
| Deferred Tax Liabilities | $509.0K |
| Other Non-Current Liabilities | $50M |
| TOTAL NON-CURRENT LIABILITIES | $146M |
| TOTAL LIABILITIES | $3.2B |
| Common Stock | $1.9B |
| Additional Paid-In Capital | $35M |
| Retained Earnings | -$1.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$17M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $122M |
| Minority Interest | $0 |
| TOTAL EQUITY | $122M |
| TOTAL LIABILITIES & EQUITY | $3.3B |
| Total Debt | $825M |
| Net Debt | $69M |
