Financial Highlights:
Q4 and FY 2021(1) Revenue
• 2021 FY $1,167M; down 8.7% YoY in-line with guidance
• Q4 2021 revenue; up $15M or up 5.4% over Q3 2021
• Q4 $294M; down 6.3% YoY Gross Profit
• FY $278M or 24% of revenue; up 4.6% YoY in-line with guidance
• Up $12M despite $112M less revenue YoY
• Q4 $59M; down 0.5% YoY Adjusted EBITDA
• FY $173M at 15% of revenue; down 5bps YoY missed guidance by 1%
• Q4 $40M at 13% of revenue; up 6.4%
YoY Long-Term Debt reduced by $454M or 30%
YoY Market Capitalization: $238M, up 290% YoY as of YE 2021