| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $517M | $581M | $504M | -11.1% | 2.5% |
| Op. Income | -$31M | -$2M | -$40M | -1559.4% | 23.9% |
| Gross Margin | 45.1% | 47.0% | 42.9% | -1.9pp | 2.1pp |
| Net Margin | -6.0% | -0.3% | -4.2% | -5.7pp | -1.8pp |
| EPS (Diluted) | $-0.28 | $-0.02 | $-0.20 | -1300.0% | -40.0% |
| Free Cash Flow | -$31M | $125M | -$60M | -124.9% | 47.6% |
| Item | Amount |
|---|---|
| REVENUE | $517M |
| Cost of Revenue | $284M |
| GROSS PROFIT | $233M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $264M |
| Other Expenses | $0 |
| Operating Expenses | $264M |
| Cost & Expenses | $547M |
| OPERATING INCOME | -$31M |
| Interest Income | $171.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $126.0K |
| INCOME BEFORE TAX | -$31M |
| Income Tax Expense | $340.0K |
| Net Income from Continuing Ops | -$31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$31M |
| D&A | $9M |
| EBIT | -$31M |
| EBITDA | -$22M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$31M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $32M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $930.0K |
| Change in Working Capital | -$31M |
| OPERATING CASH FLOW | -$17M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$25M |
| Sales/Maturities of Investments | $20M |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | -$20M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$10M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $311.0K |
| NET CASH FROM FINANCING | -$18M |
| FREE CASH FLOW | -$31M |
| Net Change in Cash | -$56M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $194M |
| Short-Term Investments | $73M |
| Net Receivables | $28M |
| Inventory | $183M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $531M |
| PP&E (Net) | $249M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $82M |
| Tax Assets | $0 |
| Other Non-Current Assets | $35M |
| TOTAL NON-CURRENT ASSETS | $367M |
| TOTAL ASSETS | $898M |
| Account Payables | $124M |
| Short-Term Debt | $27M |
| Deferred Revenue | $14M |
| Other Current Liabilities | $56M |
| TOTAL CURRENT LIABILITIES | $277M |
| Long-Term Debt | $152M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$143M |
| TOTAL NON-CURRENT LIABILITIES | $161M |
| TOTAL LIABILITIES | $437M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $463M |
| Retained Earnings | $8M |
| Treasury Stock | -$11M |
| Accum. Other Comp. Income | $991.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $461M |
| Minority Interest | $0 |
| TOTAL EQUITY | $461M |
| TOTAL LIABILITIES & EQUITY | $898M |
| Total Debt | $178M |
| Net Debt | -$15M |
