| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $174M | $160M | $143M | 8.6% | 21.9% |
| Op. Income | -$7M | -$17M | -$11M | 56.9% | 33.9% |
| Gross Margin | 1.6% | -4.7% | 0.2% | 6.3pp | 1.3pp |
| Net Margin | -8.0% | -24.8% | -15.0% | 16.8pp | 7.0pp |
| EPS (Diluted) | $-0.41 | $-1.17 | $-0.63 | 65.0% | 34.9% |
| Free Cash Flow | -$19M | -$32M | -$28M | 40.7% | 33.9% |
| Item | Amount |
|---|---|
| REVENUE | $174M |
| Cost of Revenue | $171M |
| GROSS PROFIT | $3M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $10M |
| Cost & Expenses | $181M |
| OPERATING INCOME | -$7M |
| Interest Income | $35.0K |
| Interest Expense | $8M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | -$15M |
| Income Tax Expense | -$820.0K |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$14M |
| D&A | $25M |
| EBIT | -$7M |
| EBITDA | $18M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $25M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$820.0K |
| Other Non-Cash Items | -$216.0K |
| Change in Working Capital | -$25M |
| OPERATING CASH FLOW | -$15M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $16M |
| NET CASH FROM INVESTING | $12M |
| Net Debt Issuance | -$29M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$305.0K |
| NET CASH FROM FINANCING | -$29M |
| FREE CASH FLOW | -$19M |
| Net Change in Cash | -$32M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $18M |
| Short-Term Investments | $0 |
| Net Receivables | $104M |
| Inventory | $63M |
| Other Current Assets | $32M |
| TOTAL CURRENT ASSETS | $231M |
| PP&E (Net) | $1.3B |
| Goodwill | $2M |
| Intangible Assets | $1M |
| Long-Term Investments | $12M |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $1.6B |
| Account Payables | $29M |
| Short-Term Debt | $39M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $17M |
| TOTAL CURRENT LIABILITIES | $184M |
| Long-Term Debt | $110M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $46M |
| TOTAL NON-CURRENT LIABILITIES | $574M |
| TOTAL LIABILITIES | $758M |
| Common Stock | $1.3B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$477M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $825M |
| Minority Interest | $0 |
| TOTAL EQUITY | $825M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $624M |
| Net Debt | $606M |
