| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $189M | $203M | $195M | -6.9% | -2.9% |
| Op. Income | -$22M | -$19M | -$24M | -18.5% | 7.8% |
| Gross Margin | 21.8% | 21.8% | 21.4% | -0.0pp | 0.3pp |
| Net Margin | -17.2% | -21.2% | -17.6% | 4.0pp | 0.4pp |
| EPS (Diluted) | $-8.61 | $-13.84 | $-11.11 | 37.8% | 22.5% |
| Free Cash Flow | -$57M | -$5M | -$21M | -1083.9% | -177.1% |
| Item | Amount |
|---|---|
| REVENUE | $189M |
| Cost of Revenue | $148M |
| GROSS PROFIT | $41M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $64M |
| Operating Expenses | $64M |
| Cost & Expenses | $211M |
| OPERATING INCOME | -$22M |
| Interest Income | $0 |
| Interest Expense | $19M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | -$38M |
| Income Tax Expense | $526.0K |
| Net Income from Continuing Ops | -$38M |
| Net Income from Discontinued Ops | $6M |
| Other Adjustments | $0 |
| NET INCOME | -$32M |
| Net Income Deductions | $1 |
| BOTTOM LINE NET INCOME | -$38M |
| D&A | $9M |
| EBIT | -$22M |
| EBITDA | -$13M |
| EPS | -$9 |
| EPS Diluted | -$9 |
| Item | Amount |
|---|---|
| Net Income | -$32M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | -$624.0K |
| Deferred Income Tax | -$799.0K |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$37M |
| OPERATING CASH FLOW | -$50M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $43M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$10M |
| NET CASH FROM FINANCING | $42M |
| FREE CASH FLOW | -$57M |
| Net Change in Cash | -$12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $54M |
| Short-Term Investments | $0 |
| Net Receivables | $251M |
| Inventory | $36M |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $368M |
| PP&E (Net) | $217M |
| Goodwill | $25M |
| Intangible Assets | $87M |
| Long-Term Investments | $0 |
| Tax Assets | $262.0K |
| Other Non-Current Assets | $19M |
| TOTAL NON-CURRENT ASSETS | $348M |
| TOTAL ASSETS | $716M |
| Account Payables | $41M |
| Short-Term Debt | $16M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $78M |
| TOTAL CURRENT LIABILITIES | $181M |
| Long-Term Debt | $456M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $508M |
| TOTAL LIABILITIES | $689M |
| Common Stock | $13M |
| Additional Paid-In Capital | $445M |
| Retained Earnings | -$404M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$26M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $27M |
| Minority Interest | $0 |
| TOTAL EQUITY | $27M |
| TOTAL LIABILITIES & EQUITY | $716M |
| Total Debt | $518M |
| Net Debt | $464M |
