| Metric | Q4 2021 | Q3 2021 | Q4 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $148M | $119M | $138M | 24.0% | 7.0% |
| Op. Income | -$10M | -$40M | -$42M | 75.1% | 76.3% |
| Gross Margin | 1.9% | -23.0% | -8.2% | 24.8pp | 10.0pp |
| Net Margin | -31.1% | -61.4% | -55.2% | 30.3pp | 24.1pp |
| EPS (Diluted) | $-0.83 | $-1.34 | $-1.41 | 38.1% | 41.1% |
| Free Cash Flow | $44M | -$17M | -$5M | 366.8% | 945.0% |
| Item | Amount |
|---|---|
| REVENUE | $148M |
| Cost of Revenue | $145M |
| GROSS PROFIT | $3M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $13M |
| SG&A Expenses | $13M |
| Other Expenses | $0 |
| Operating Expenses | $13M |
| Cost & Expenses | $158M |
| OPERATING INCOME | -$10M |
| Interest Income | $170.0K |
| Interest Expense | $38M |
| Other Income/Expenses | -$36M |
| INCOME BEFORE TAX | -$46M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$46M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$46M |
| D&A | $60M |
| EBIT | -$19M |
| EBITDA | $41M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$46M |
| Depreciation & Amortization | $60M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $14M |
| Change in Working Capital | $23M |
| OPERATING CASH FLOW | $50M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $11M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$6M |
| Other Financing Activities | -$13M |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | $44M |
| Net Change in Cash | $42M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $230M |
| Short-Term Investments | $0 |
| Net Receivables | $38M |
| Inventory | $9M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $289M |
| PP&E (Net) | $4.6B |
| Goodwill | $9M |
| Intangible Assets | $0 |
| Long-Term Investments | $7M |
| Tax Assets | -$7M |
| Other Non-Current Assets | $114M |
| TOTAL NON-CURRENT ASSETS | $4.7B |
| TOTAL ASSETS | $5.0B |
| Account Payables | $35M |
| Short-Term Debt | $235M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $528M |
| Long-Term Debt | $666M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $2.6B |
| TOTAL LIABILITIES | $3.2B |
| Common Stock | $659.0K |
| Additional Paid-In Capital | $2.9B |
| Retained Earnings | -$539M |
| 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 | $5.0B |
| Total Debt | $3.1B |
| Net Debt | $2.9B |
