| Metric | Q4 2021 | Q3 2021 | Q4 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $50M | $58M | $67M | -13.6% | -25.5% |
| Op. Income | $1M | -$8M | $14M | 119.6% | -89.1% |
| Gross Margin | 19.3% | 16.1% | 41.7% | 3.2pp | -22.5pp |
| Net Margin | 2.3% | 63.0% | -30.5% | -60.7pp | 32.8pp |
| EPS (Diluted) | $0.48 | $17.48 | $-9.99 | -97.3% | 104.8% |
| Free Cash Flow | -$26M | -$15M | -$6M | -70.8% | -341.5% |
| Item | Amount |
|---|---|
| REVENUE | $50M |
| Cost of Revenue | $40M |
| GROSS PROFIT | $10M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $8M |
| Cost & Expenses | $49M |
| OPERATING INCOME | $1M |
| Interest Income | $1.0K |
| Interest Expense | $9M |
| Other Income/Expenses | -$108.0K |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $215.0K |
| Net Income from Continuing Ops | $1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$19M |
| D&A | $10M |
| EBIT | -$9M |
| EBITDA | $1M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $50M |
| Cost of Revenue | $40M |
| GROSS PROFIT | $10M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $8M |
| Cost & Expenses | $49M |
| OPERATING INCOME | $1M |
| Interest Income | $1.0K |
| Interest Expense | $9M |
| Other Income/Expenses | -$108.0K |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $215.0K |
| Net Income from Continuing Ops | $1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$19M |
| D&A | $10M |
| EBIT | -$9M |
| EBITDA | $1M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $1M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$20M |
| Change in Working Capital | -$16M |
| OPERATING CASH FLOW | -$22M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$49M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $141M |
| NET CASH FROM FINANCING | $93M |
| FREE CASH FLOW | -$26M |
| Net Change in Cash | $67M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $79M |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $0 |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $106M |
| PP&E (Net) | $621M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $622M |
| TOTAL ASSETS | $729M |
| Account Payables | $9M |
| Short-Term Debt | $70M |
| Deferred Revenue | $3M |
| Other Current Liabilities | $480.0K |
| TOTAL CURRENT LIABILITIES | $120M |
| Long-Term Debt | $613M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $614M |
| TOTAL LIABILITIES | $734M |
| Common Stock | $66.0K |
| Additional Paid-In Capital | $296M |
| Retained Earnings | -$343M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$6M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$6M |
| TOTAL LIABILITIES & EQUITY | $729M |
| Total Debt | $684M |
| Net Debt | $605M |
