| Metric | Q4 2021 | Q3 2021 | Q4 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $64M | $59M | $34M | 8.6% | 91.3% |
| Op. Income | -$30M | -$43M | -$30M | 30.9% | -0.3% |
| Gross Margin | 10.0% | 5.6% | -32.5% | 4.4pp | 42.5pp |
| Net Margin | -61.3% | -148.8% | -115.8% | 87.5pp | 54.5pp |
| EPS (Diluted) | $-12.47 | $-27.86 | $-12.38 | 55.2% | -0.7% |
| Free Cash Flow | -$37M | -$22M | -$19M | -69.9% | -93.2% |
| Item | Amount |
|---|---|
| REVENUE | $64M |
| Cost of Revenue | $58M |
| GROSS PROFIT | $6M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $36M |
| Other Expenses | $0 |
| Operating Expenses | $36M |
| Cost & Expenses | $94M |
| OPERATING INCOME | -$30M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | -$39M |
| Income Tax Expense | $100.0K |
| Net Income from Continuing Ops | -$39M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$39M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$39M |
| D&A | $25M |
| EBIT | -$30M |
| EBITDA | -$5M |
| EPS | -$12 |
| EPS Diluted | -$12 |
| Item | Amount |
|---|---|
| Net Income | -$39M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$19M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | $5M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | $200.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | -$500.0K |
| FREE CASH FLOW | -$37M |
| Net Change in Cash | -$32M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $248M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $265M |
| PP&E (Net) | $165M |
| Goodwill | $0 |
| Intangible Assets | $6M |
| Long-Term Investments | $7M |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $183M |
| TOTAL ASSETS | $448M |
| Account Payables | $23M |
| Short-Term Debt | $6M |
| Deferred Revenue | $10M |
| Other Current Liabilities | $26M |
| TOTAL CURRENT LIABILITIES | $69M |
| Long-Term Debt | $261M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $400.0K |
| TOTAL NON-CURRENT LIABILITIES | $308M |
| TOTAL LIABILITIES | $376M |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $872M |
| Retained Earnings | -$801M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $71M |
| Minority Interest | $0 |
| TOTAL EQUITY | $71M |
| TOTAL LIABILITIES & EQUITY | $448M |
| Total Debt | $313M |
| Net Debt | $65M |
