| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $77M | $77M | $59M | 1.2% | 31.2% |
| Op. Income | -$21M | -$26M | -$43M | 17.2% | 51.0% |
| Gross Margin | 17.8% | 17.0% | 5.6% | 0.8pp | 12.2pp |
| Net Margin | -46.6% | -44.3% | -148.8% | -2.3pp | 102.2pp |
| EPS (Diluted) | $-11.19 | $-10.58 | $-27.86 | -5.8% | 59.8% |
| Free Cash Flow | -$26M | -$32M | -$22M | 18.8% | -21.8% |
| Item | Amount |
|---|---|
| REVENUE | $77M |
| Cost of Revenue | $64M |
| GROSS PROFIT | $14M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $35M |
| Other Expenses | $0 |
| Operating Expenses | $35M |
| Cost & Expenses | $99M |
| OPERATING INCOME | -$21M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | -$36M |
| Income Tax Expense | -$100.0K |
| Net Income from Continuing Ops | -$36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$36M |
| D&A | $26M |
| EBIT | -$27M |
| EBITDA | -$600.0K |
| EPS | -$11 |
| EPS Diluted | -$11 |
| Item | Amount |
|---|---|
| Net Income | -$36M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$20M |
| Acquisitions (Net) | $10M |
| 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 | -$700.0K |
| NET CASH FROM FINANCING | -$700.0K |
| FREE CASH FLOW | -$26M |
| Net Change in Cash | -$17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $180M |
| Short-Term Investments | $0 |
| Net Receivables | $7M |
| Inventory | $0 |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $195M |
| PP&E (Net) | $157M |
| Goodwill | $0 |
| Intangible Assets | $5M |
| Long-Term Investments | $6M |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $172M |
| TOTAL ASSETS | $367M |
| Account Payables | $31M |
| Short-Term Debt | $5M |
| Deferred Revenue | $20M |
| Other Current Liabilities | $15M |
| TOTAL CURRENT LIABILITIES | $75M |
| Long-Term Debt | $275M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $800.0K |
| TOTAL NON-CURRENT LIABILITIES | $315M |
| TOTAL LIABILITIES | $390M |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $891M |
| Retained Earnings | -$914M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$22M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$22M |
| TOTAL LIABILITIES & EQUITY | $367M |
| Total Debt | $319M |
| Net Debt | $138M |
