Q4 2021 Earnings

Reported December 29, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q4 2021	Q3 2021	Q4 2020	QoQ Change	YoY Change
Revenue	$163M	$147M	—	10.7%	—
Op. Income	$12M	$15M	—	-24.0%	—
Gross Margin	41.4%	43.7%	—	-2.3pp	—
Net Margin	-9.2%	-8.2%	—	-1.0pp	—
EPS (Diluted)	$-0.09	$-0.07	—	-24.6%	—

Income Statement

Item	Amount
REVENUE	$163M
Cost of Revenue	$96M
GROSS PROFIT	$68M
R&D Expenses	$10M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$46M
Other Expenses	$0
Operating Expenses	$56M
Cost & Expenses	$151M
OPERATING INCOME	$12M
Interest Income	$0
Interest Expense	$35M
Other Income/Expenses	-$35M
INCOME BEFORE TAX	-$24M
Income Tax Expense	-$9M
Net Income from Continuing Ops	-$15M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$15M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$15M
D&A	$46M
EBIT	$12M
EBITDA	$58M
EPS	-$0
EPS Diluted	-$0