| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $194M | $156M | $358M | 24.4% | -45.7% |
| Op. Income | -$174M | -$56M | $123M | -210.0% | -240.7% |
| Gross Margin | 24.6% | 41.3% | 76.5% | -16.6pp | -51.8pp |
| Net Margin | -70.8% | -30.9% | 25.1% | -39.9pp | -96.0pp |
| EPS (Diluted) | $-0.84 | $-0.28 | $0.54 | -200.0% | -255.6% |
| Free Cash Flow | -$229M | -$95M | -$97M | -141.0% | -136.3% |
| Item | Amount |
|---|---|
| REVENUE | $194M |
| Cost of Revenue | $146M |
| GROSS PROFIT | $48M |
| R&D Expenses | $6M |
| Selling & Marketing | $193M |
| General & Administrative | $22M |
| SG&A Expenses | $215M |
| Other Expenses | $0 |
| Operating Expenses | $222M |
| Cost & Expenses | $368M |
| OPERATING INCOME | -$174M |
| Interest Income | $0 |
| Interest Expense | $11M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | -$184M |
| Income Tax Expense | -$47M |
| Net Income from Continuing Ops | -$138M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$138M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$138M |
| D&A | $6M |
| EBIT | -$174M |
| EBITDA | -$168M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$138M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$47M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$46M |
| OPERATING CASH FLOW | -$219M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | $242M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2.0K |
| NET CASH FROM FINANCING | $242M |
| FREE CASH FLOW | -$229M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $193M |
| Short-Term Investments | $0 |
| Net Receivables | $352M |
| Inventory | $0 |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $556M |
| PP&E (Net) | $73M |
| Goodwill | $74M |
| Intangible Assets | $53M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $690M |
| TOTAL NON-CURRENT ASSETS | $889M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $48M |
| Short-Term Debt | $7M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $53M |
| TOTAL CURRENT LIABILITIES | $135M |
| Long-Term Debt | $700M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $77M |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $817M |
| TOTAL LIABILITIES | $952M |
| Common Stock | $2M |
| Additional Paid-In Capital | $551M |
| Retained Earnings | -$62M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $492M |
| Minority Interest | $0 |
| TOTAL EQUITY | $492M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $750M |
| Net Debt | $556M |
