| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $174M | $148M | $134M | 17.7% | 29.7% |
| Op. Income | -$47M | -$10M | -$25M | -365.3% | -89.5% |
| Gross Margin | 19.2% | 1.9% | -8.3% | 17.3pp | 27.5pp |
| Net Margin | -48.5% | -31.1% | -46.5% | -17.4pp | -2.0pp |
| EPS (Diluted) | $-1.52 | $-0.83 | $-1.15 | -83.1% | -32.2% |
| Free Cash Flow | -$9M | $44M | -$18M | -119.8% | 52.5% |
| Item | Amount |
|---|---|
| REVENUE | $174M |
| Cost of Revenue | $141M |
| GROSS PROFIT | $33M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | $68M |
| Operating Expenses | $80M |
| Cost & Expenses | $221M |
| OPERATING INCOME | -$47M |
| Interest Income | $188.0K |
| Interest Expense | $38M |
| Other Income/Expenses | -$38M |
| INCOME BEFORE TAX | -$84M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$84M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$84M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$84M |
| D&A | $54M |
| EBIT | -$46M |
| EBITDA | $7M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$84M |
| Depreciation & Amortization | $54M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $80M |
| Change in Working Capital | -$44M |
| OPERATING CASH FLOW | $6M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $226M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $240.0K |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $212M |
| Net Debt Issuance | -$188M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$6M |
| Other Financing Activities | -$12M |
| NET CASH FROM FINANCING | -$205M |
| FREE CASH FLOW | -$9M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $243M |
| Short-Term Investments | $0 |
| Net Receivables | $70M |
| Inventory | $15M |
| Other Current Assets | $345M |
| TOTAL CURRENT ASSETS | $684M |
| PP&E (Net) | $3.9B |
| Goodwill | $9M |
| Intangible Assets | $0 |
| Long-Term Investments | $783.0K |
| Tax Assets | -$783.0K |
| Other Non-Current Assets | $94M |
| TOTAL NON-CURRENT ASSETS | $4.0B |
| TOTAL ASSETS | $4.7B |
| Account Payables | $17M |
| Short-Term Debt | $275M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $590M |
| Long-Term Debt | $509M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $2.4B |
| TOTAL LIABILITIES | $3.0B |
| Common Stock | $659.0K |
| Additional Paid-In Capital | $2.9B |
| Retained Earnings | -$624M |
| Treasury Stock | -$480M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $4.7B |
| Total Debt | $2.9B |
| Net Debt | $2.7B |
