| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $77M | $67M | $47M | 14.0% | 63.8% |
| Op. Income | -$26M | -$33M | -$24M | 22.9% | -8.9% |
| Gross Margin | 17.0% | 7.0% | 6.2% | 10.0pp | 10.8pp |
| Net Margin | -44.3% | -63.3% | -90.8% | 19.0pp | 46.5pp |
| EPS (Diluted) | $-10.58 | $-13.40 | $-12.96 | 21.0% | 18.4% |
| Free Cash Flow | -$32M | -$33M | -$10M | 1.2% | -211.5% |
| Item | Amount |
|---|---|
| REVENUE | $77M |
| Cost of Revenue | $64M |
| GROSS PROFIT | $13M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $39M |
| Other Expenses | $0 |
| Operating Expenses | $39M |
| Cost & Expenses | $102M |
| OPERATING INCOME | -$26M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | -$34M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$34M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$34M |
| D&A | $25M |
| EBIT | -$24M |
| EBITDA | $900.0K |
| EPS | -$11 |
| EPS Diluted | -$11 |
| Item | Amount |
|---|---|
| Net Income | -$34M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | -$16M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $7M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$32M |
| Net Change in Cash | -$27M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $192M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $208M |
| PP&E (Net) | $158M |
| Goodwill | $0 |
| Intangible Assets | $6M |
| Long-Term Investments | $6M |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $174M |
| TOTAL ASSETS | $382M |
| Account Payables | $23M |
| Short-Term Debt | $5M |
| Deferred Revenue | $12M |
| Other Current Liabilities | $21M |
| TOTAL CURRENT LIABILITIES | $64M |
| Long-Term Debt | $270M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $300.0K |
| TOTAL NON-CURRENT LIABILITIES | $311M |
| TOTAL LIABILITIES | $375M |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $885M |
| Retained Earnings | -$878M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7M |
| Minority Interest | $0 |
| TOTAL EQUITY | $7M |
| TOTAL LIABILITIES & EQUITY | $382M |
| Total Debt | $315M |
| Net Debt | $123M |
