| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $206M | $173M | $211M | 18.8% | -2.6% |
| Op. Income | -$7M | -$32M | $13M | 77.7% | -155.9% |
| Gross Margin | 50.8% | 45.1% | 56.2% | 5.7pp | -5.4pp |
| Net Margin | -14.7% | -40.4% | 11.0% | 25.7pp | -25.7pp |
| EPS (Diluted) | $-0.20 | $-0.47 | $0.15 | 57.4% | -233.3% |
| Free Cash Flow | -$42M | $12M | $9M | -467.3% | -570.3% |
| Item | Amount |
|---|---|
| REVENUE | $206M |
| Cost of Revenue | $101M |
| GROSS PROFIT | $105M |
| R&D Expenses | $51M |
| Selling & Marketing | $36M |
| General & Administrative | $13M |
| SG&A Expenses | $49M |
| Other Expenses | $12M |
| Operating Expenses | $112M |
| Cost & Expenses | $213M |
| OPERATING INCOME | -$7M |
| Interest Income | $59.0K |
| Interest Expense | $5M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | -$22M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | -$30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$30M |
| D&A | $19M |
| EBIT | -$17M |
| EBITDA | $2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$30M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$41M |
| OPERATING CASH FLOW | -$39M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$15M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$810.0K |
| NET CASH FROM FINANCING | -$16M |
| FREE CASH FLOW | -$42M |
| Net Change in Cash | -$57M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $36M |
| Short-Term Investments | $0 |
| Net Receivables | $258M |
| Inventory | $65M |
| Other Current Assets | $56M |
| TOTAL CURRENT ASSETS | $415M |
| PP&E (Net) | $95M |
| Goodwill | $301M |
| Intangible Assets | $320M |
| Long-Term Investments | $5M |
| Tax Assets | $57M |
| Other Non-Current Assets | $38M |
| TOTAL NON-CURRENT ASSETS | $815M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $103M |
| Short-Term Debt | $20M |
| Deferred Revenue | $106M |
| Other Current Liabilities | $31M |
| TOTAL CURRENT LIABILITIES | $345M |
| Long-Term Debt | $363M |
| Deferred Revenue NC | $20M |
| Deferred Tax Liabilities | $8M |
| Other Non-Current Liabilities | -$5M |
| TOTAL NON-CURRENT LIABILITIES | $434M |
| TOTAL LIABILITIES | $779M |
| Common Stock | $15.0K |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | -$1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $25M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $451M |
| Minority Interest | $0 |
| TOTAL EQUITY | $451M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $448M |
| Net Debt | $411M |
