| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.1B | $550M | -0.2% | 97.7% |
| Op. Income | -$305M | -$281M | -$211M | -8.9% | -44.9% |
| Gross Margin | 10.9% | 12.2% | 11.9% | -1.3pp | -1.0pp |
| Net Margin | -36.3% | -22.8% | -31.8% | -13.5pp | -4.5pp |
| EPS (Diluted) | $-0.46 | $-0.29 | $-0.20 | -58.0% | -125.7% |
| Free Cash Flow | $60M | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $968M |
| GROSS PROFIT | $118M |
| R&D Expenses | $185M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $243M |
| Other Expenses | -$4M |
| Operating Expenses | $424M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | -$305M |
| Interest Income | $39M |
| Interest Expense | $3M |
| Other Income/Expenses | -$87M |
| INCOME BEFORE TAX | -$393M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$395M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$394M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$395M |
| D&A | $0 |
| EBIT | -$389M |
| EBITDA | -$389M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$395M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $60M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $335M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $60M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $60M |
| Net Change in Cash | $60M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $3.4B |
| Net Receivables | $781M |
| Inventory | $619M |
| Other Current Assets | $382M |
| TOTAL CURRENT ASSETS | $6.4B |
| PP&E (Net) | $1.4B |
| Goodwill | $0 |
| Intangible Assets | $471M |
| Long-Term Investments | $293M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.6B |
| TOTAL NON-CURRENT ASSETS | $3.7B |
| TOTAL ASSETS | $10.1B |
| Account Payables | $1.3B |
| Short-Term Debt | $132M |
| Deferred Revenue | $73M |
| Other Current Liabilities | $43M |
| TOTAL CURRENT LIABILITIES | $3.2B |
| Long-Term Debt | $635M |
| Deferred Revenue NC | $139M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $193M |
| TOTAL NON-CURRENT LIABILITIES | $1.0B |
| TOTAL LIABILITIES | $4.3B |
| Common Stock | $16.4K |
| Additional Paid-In Capital | $8.8B |
| Retained Earnings | -$3.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $27M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.8B |
| TOTAL LIABILITIES & EQUITY | $10.1B |
| Total Debt | $1.1B |
| Net Debt | -$264M |
