| Metric | Q3 2021 | Q2 2021 | Q3 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $116M | $123M | $170M | -6.1% | -31.9% |
| Op. Income | -$41M | -$33M | $17M | -24.6% | -337.5% |
| Gross Margin | -26.1% | -16.6% | 15.9% | -9.5pp | -42.0pp |
| Net Margin | -44.9% | -104.6% | -26.1% | 59.7pp | -18.8pp |
| EPS (Diluted) | $-1.54 | $-3.82 | $-1.32 | 59.7% | -16.7% |
| Free Cash Flow | -$44M | -$25M | $37M | -79.8% | -219.0% |
| Item | Amount |
|---|---|
| REVENUE | $116M |
| Cost of Revenue | $146M |
| GROSS PROFIT | -$30M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $11M |
| Cost & Expenses | $157M |
| OPERATING INCOME | -$41M |
| Interest Income | $29.0K |
| Interest Expense | $9M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | -$53M |
| Income Tax Expense | -$674.0K |
| Net Income from Continuing Ops | -$52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$52M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$52M |
| D&A | $26M |
| EBIT | -$44M |
| EBITDA | -$18M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$52M |
| Depreciation & Amortization | $26M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | -$9M |
| Change in Working Capital | -$114.0K |
| OPERATING CASH FLOW | -$36M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $12M |
| NET CASH FROM INVESTING | $4M |
| Net Debt Issuance | $32M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$132.0K |
| NET CASH FROM FINANCING | $32M |
| FREE CASH FLOW | -$44M |
| Net Change in Cash | -$63.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $61M |
| Short-Term Investments | $0 |
| Net Receivables | $64M |
| Inventory | $50M |
| Other Current Assets | $16M |
| TOTAL CURRENT ASSETS | $202M |
| PP&E (Net) | $1.4B |
| Goodwill | $2M |
| Intangible Assets | $2M |
| Long-Term Investments | $25M |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $1.6B |
| Account Payables | $34M |
| Short-Term Debt | $55M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $164M |
| Long-Term Debt | $343M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $47M |
| TOTAL NON-CURRENT LIABILITIES | $607M |
| TOTAL LIABILITIES | $772M |
| Common Stock | $1.3B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$423M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $878M |
| Minority Interest | $0 |
| TOTAL EQUITY | $878M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $642M |
| Net Debt | $581M |
