| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $805M | $937M | $758M | -14.0% | 6.2% |
| Op. Income | -$360M | -$302M | $69M | -19.2% | -622.1% |
| Gross Margin | 32.7% | 27.3% | 43.4% | 5.4pp | -10.7pp |
| Net Margin | -46.7% | -33.4% | 9.1% | -13.3pp | -55.8pp |
| EPS (Diluted) | $-1.25 | $-1.06 | $0.20 | -17.9% | -725.0% |
| Free Cash Flow | -$652M | -$672M | $263M | 3.0% | -348.1% |
| Item | Amount |
|---|---|
| REVENUE | $805M |
| Cost of Revenue | $542M |
| GROSS PROFIT | $263M |
| R&D Expenses | $98M |
| Selling & Marketing | $284M |
| General & Administrative | $214M |
| SG&A Expenses | $498M |
| Other Expenses | $27M |
| Operating Expenses | $623M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | -$360M |
| Interest Income | $600.0K |
| Interest Expense | $9M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | -$374M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$376M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$376M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$376M |
| D&A | $28M |
| EBIT | -$333M |
| EBITDA | -$305M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$376M |
| Depreciation & Amortization | $28M |
| Stock-Based Compensation | $53M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $36M |
| Change in Working Capital | -$302M |
| OPERATING CASH FLOW | -$561M |
| Capital Expenditure | -$91M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $120M |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | $29M |
| Net Debt Issuance | -$500.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $30M |
| NET CASH FROM FINANCING | $30M |
| FREE CASH FLOW | -$652M |
| Net Change in Cash | -$522M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $613M |
| Short-Term Investments | $312M |
| Net Receivables | $81M |
| Inventory | $1.3B |
| Other Current Assets | -$100.0K |
| TOTAL CURRENT ASSETS | $2.6B |
| PP&E (Net) | $1.4B |
| Goodwill | $213M |
| Intangible Assets | $238M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $42M |
| TOTAL NON-CURRENT ASSETS | $1.9B |
| TOTAL ASSETS | $4.4B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $205M |
| Other Current Liabilities | $1.0B |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $838M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $39M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $2.9B |
| Common Stock | $0 |
| Additional Paid-In Capital | $2.7B |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $17M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $4.4B |
| Total Debt | $1.6B |
| Net Debt | $1.0B |
