| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $83M | $26M | $28M | 226.7% | 193.9% |
| Op. Income | -$154M | -$22M | -$64M | -616.5% | -139.8% |
| Gross Margin | -120.8% | 36.6% | 17.1% | -157.4pp | -138.0pp |
| Net Margin | -203.8% | -119.2% | -241.7% | -84.6pp | 37.9pp |
| EPS (Diluted) | $-3.69 | $-0.56 | $-1.50 | -558.3% | -146.9% |
| Free Cash Flow | -$93M | -$42M | $16M | -120.2% | -686.5% |
| Item | Amount |
|---|---|
| REVENUE | $83M |
| Cost of Revenue | $184M |
| GROSS PROFIT | -$101M |
| R&D Expenses | $36M |
| Selling & Marketing | $7M |
| General & Administrative | $12M |
| SG&A Expenses | $19M |
| Other Expenses | -$2M |
| Operating Expenses | $53M |
| Cost & Expenses | $238M |
| OPERATING INCOME | -$154M |
| Interest Income | $25.7K |
| Interest Expense | $4M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | -$168M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$170M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$170M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$170M |
| D&A | $7M |
| EBIT | -$167M |
| EBITDA | -$160M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$170M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | -$33M |
| Deferred Income Tax | $26M |
| Other Non-Cash Items | $14M |
| Change in Working Capital | $70M |
| OPERATING CASH FLOW | -$86M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $23.4K |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | $18M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $122M |
| FREE CASH FLOW | -$93M |
| Net Change in Cash | $29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $393M |
| Short-Term Investments | $0 |
| Net Receivables | $19M |
| Inventory | $111M |
| Other Current Assets | $66M |
| TOTAL CURRENT ASSETS | $589M |
| PP&E (Net) | $199M |
| Goodwill | $0 |
| Intangible Assets | $36M |
| Long-Term Investments | $0 |
| Tax Assets | $3M |
| Other Non-Current Assets | $21M |
| TOTAL NON-CURRENT ASSETS | $259M |
| TOTAL ASSETS | $848M |
| Account Payables | $98M |
| Short-Term Debt | $13M |
| Deferred Revenue | $140M |
| Other Current Liabilities | $237M |
| TOTAL CURRENT LIABILITIES | $510M |
| Long-Term Debt | $78M |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $81M |
| TOTAL NON-CURRENT LIABILITIES | $229M |
| TOTAL LIABILITIES | $739M |
| Common Stock | $21M |
| Additional Paid-In Capital | $587M |
| Retained Earnings | -$559M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $61M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $109M |
| Minority Interest | $0 |
| TOTAL EQUITY | $109M |
| TOTAL LIABILITIES & EQUITY | $848M |
| Total Debt | $156M |
| Net Debt | -$237M |
