| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12M | $11M | $7M | 2.8% | 76.6% |
| Op. Income | -$7M | -$7M | -$6M | 9.1% | -2.6% |
| Gross Margin | 91.7% | 90.3% | 87.0% | 1.4pp | 4.7pp |
| Net Margin | -58.0% | -68.1% | -100.9% | 10.1pp | 42.9pp |
| EPS (Diluted) | $-0.22 | $-0.27 | $-0.28 | 18.5% | 21.4% |
| Free Cash Flow | -$1M | $3M | $477.0K | -150.6% | -404.6% |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $979.0K |
| GROSS PROFIT | $11M |
| R&D Expenses | $9M |
| Selling & Marketing | $4M |
| General & Administrative | $4M |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $17M |
| Cost & Expenses | $18M |
| OPERATING INCOME | -$7M |
| Interest Income | $0 |
| Interest Expense | $81.0K |
| Other Income/Expenses | -$81.0K |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | $123.0K |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $401.0K |
| EBIT | -$7M |
| EBITDA | -$6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $401.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $25.0K |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$92.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$191.0K |
| NET CASH FROM INVESTING | -$283.0K |
| Net Debt Issuance | -$205.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $82M |
| Short-Term Investments | $0 |
| Net Receivables | $8M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $99M |
| PP&E (Net) | $5M |
| Goodwill | $3M |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $13M |
| TOTAL ASSETS | $112M |
| Account Payables | $1M |
| Short-Term Debt | $802.0K |
| Deferred Revenue | $28M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $40M |
| Long-Term Debt | $124.0K |
| Deferred Revenue NC | $21M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $24M |
| TOTAL LIABILITIES | $65M |
| Common Stock | $31.0K |
| Additional Paid-In Capital | $94M |
| Retained Earnings | -$46M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$81.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $48M |
| Minority Interest | $0 |
| TOTAL EQUITY | $48M |
| TOTAL LIABILITIES & EQUITY | $112M |
| Total Debt | $4M |
| Net Debt | -$79M |
