| Metric | Q2 2021 | Q1 2021 | Q2 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $426M | $282M | $145M | 51.1% | 193.4% |
| Op. Income | -$51M | -$5M | -$53M | -920.0% | 4.0% |
| Gross Margin | 20.9% | 24.5% | 18.9% | -3.6pp | 2.0pp |
| Net Margin | -31.7% | -35.1% | -37.0% | 3.4pp | 5.3pp |
| EPS (Diluted) | $-0.27 | $-0.21 | $-0.12 | -28.6% | -125.0% |
| Free Cash Flow | $52M | -$13M | -$62M | 500.0% | 183.6% |
| Item | Amount |
|---|---|
| REVENUE | $426M |
| Cost of Revenue | $337M |
| GROSS PROFIT | $89M |
| R&D Expenses | $50M |
| Selling & Marketing | $41M |
| General & Administrative | $49M |
| SG&A Expenses | $90M |
| Other Expenses | $0 |
| Operating Expenses | $140M |
| Cost & Expenses | $477M |
| OPERATING INCOME | -$51M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | -$88M |
| INCOME BEFORE TAX | -$139M |
| Income Tax Expense | -$4M |
| Net Income from Continuing Ops | -$135M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$135M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$135M |
| D&A | $5M |
| EBIT | -$133M |
| EBITDA | -$128M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$135M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $54M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $88M |
| Change in Working Capital | $44M |
| OPERATING CASH FLOW | $56M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$28M |
| NET CASH FROM INVESTING | -$30M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$214M |
| NET CASH FROM FINANCING | -$214M |
| FREE CASH FLOW | $52M |
| Net Change in Cash | -$187M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $376M |
| Short-Term Investments | $0 |
| Net Receivables | $49M |
| Inventory | $47M |
| Other Current Assets | $27M |
| TOTAL CURRENT ASSETS | $514M |
| PP&E (Net) | $33M |
| Goodwill | $75M |
| Intangible Assets | $29M |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $44M |
| TOTAL NON-CURRENT ASSETS | $182M |
| TOTAL ASSETS | $696M |
| Account Payables | $25M |
| Short-Term Debt | $910.0K |
| Deferred Revenue | $48M |
| Other Current Liabilities | $155M |
| TOTAL CURRENT LIABILITIES | $253M |
| Long-Term Debt | $849M |
| Deferred Revenue NC | $33M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $177M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $0 |
| Additional Paid-In Capital | $236M |
| Retained Earnings | -$851M |
| Treasury Stock | -$665.0K |
| Accum. Other Comp. Income | $114.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$615M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$615M |
| TOTAL LIABILITIES & EQUITY | $696M |
| Total Debt | $850M |
| Net Debt | $474M |
