Q3 2021 Earnings

Reported September 28, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q3 2021	Q2 2021	Q3 2020	QoQ Change	YoY Change
Revenue	$147M	$136M	—	8.5%	—
Op. Income	$15M	$17M	—	-10.5%	—
Gross Margin	43.7%	44.5%	—	-0.8pp	—
Net Margin	-8.2%	-6.8%	—	-1.4pp	—
EPS (Diluted)	$-0.07	$-0.06	—	-30.7%	—

Income Statement

Item	Amount
REVENUE	$147M
Cost of Revenue	$83M
GROSS PROFIT	$64M
R&D Expenses	$7M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$42M
Other Expenses	$0
Operating Expenses	$49M
Cost & Expenses	$132M
OPERATING INCOME	$15M
Interest Income	$0
Interest Expense	$32M
Other Income/Expenses	-$32M
INCOME BEFORE TAX	-$16M
Income Tax Expense	-$4M
Net Income from Continuing Ops	-$12M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$12M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$12M
D&A	$45M
EBIT	$15M
EBITDA	$60M
EPS	-$0
EPS Diluted	-$0