| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $805M | $1.1B | 40.8% | 6.5% |
| Op. Income | -$426M | -$360M | $59M | -18.3% | -824.0% |
| Gross Margin | 24.8% | 32.7% | 39.9% | -7.9pp | -15.1pp |
| Net Margin | -38.8% | -46.7% | 6.0% | 7.9pp | -44.7pp |
| EPS (Diluted) | $-1.39 | $-1.25 | $0.18 | -11.2% | -872.2% |
| Free Cash Flow | -$538M | -$652M | $140M | 17.5% | -483.0% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $853M |
| GROSS PROFIT | $281M |
| R&D Expenses | $100M |
| Selling & Marketing | $349M |
| General & Administrative | $223M |
| SG&A Expenses | $572M |
| Other Expenses | $35M |
| Operating Expenses | $707M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | -$426M |
| Interest Income | $300.0K |
| Interest Expense | $9M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | -$436M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$439M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$439M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$439M |
| D&A | $36M |
| EBIT | -$391M |
| EBITDA | -$355M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$439M |
| Depreciation & Amortization | $59M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $93M |
| Change in Working Capital | -$158M |
| OPERATING CASH FLOW | -$447M |
| Capital Expenditure | -$91M |
| Acquisitions (Net) | -$27M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $397M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $270M |
| Net Debt Issuance | -$500.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$100.0K |
| NET CASH FROM FINANCING | $1.3B |
| FREE CASH FLOW | -$538M |
| Net Change in Cash | $994M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.6B |
| Short-Term Investments | $0 |
| Net Receivables | $95M |
| Inventory | $1.5B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.5B |
| PP&E (Net) | $1.4B |
| Goodwill | $224M |
| Intangible Assets | $229M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $129M |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $5.5B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $241M |
| Other Current Liabilities | $1.2B |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $847M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $42M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $3.1B |
| Common Stock | $0 |
| Additional Paid-In Capital | $4.0B |
| Retained Earnings | -$1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $18M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $5.5B |
| Total Debt | $1.7B |
| Net Debt | $64M |
