| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $103M | $176M | $124M | -41.4% | -16.4% |
| Op. Income | -$11M | $14M | $2M | -179.0% | -640.2% |
| Gross Margin | 27.4% | 33.3% | 32.6% | -5.9pp | -5.2pp |
| Net Margin | -7.6% | 7.1% | 1.4% | -14.7pp | -9.0pp |
| EPS (Diluted) | $-0.63 | $0.91 | $0.11 | -169.2% | -672.7% |
| Free Cash Flow | -$46M | $6M | -$27M | -875.0% | -73.6% |
| Item | Amount |
|---|---|
| REVENUE | $103M |
| Cost of Revenue | $75M |
| GROSS PROFIT | $28M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $21M |
| SG&A Expenses | $21M |
| Other Expenses | $18M |
| Operating Expenses | $39M |
| Cost & Expenses | $114M |
| OPERATING INCOME | -$11M |
| Interest Income | $0 |
| Interest Expense | $156.0K |
| Other Income/Expenses | -$84.0K |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $4M |
| EBIT | -$11M |
| EBITDA | -$7M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $548.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $214.0K |
| Change in Working Capital | -$41M |
| OPERATING CASH FLOW | -$44M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $17.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $35M |
| Common Stock Repurchased | -$6M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $26M |
| FREE CASH FLOW | -$46M |
| Net Change in Cash | -$20M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $131M |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $147M |
| PP&E (Net) | $182M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $189M |
| TOTAL ASSETS | $336M |
| Account Payables | $47M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $113M |
| Long-Term Debt | $35M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $158M |
| TOTAL LIABILITIES | $271M |
| Common Stock | $174M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$109M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $65M |
| Minority Interest | $0 |
| TOTAL EQUITY | $65M |
| TOTAL LIABILITIES & EQUITY | $336M |
| Total Debt | $195M |
| Net Debt | $190M |
