| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13M | $15M | $9M | -15.0% | 40.6% |
| Op. Income | -$8M | -$5M | -$5M | -42.9% | -71.7% |
| Gross Margin | 92.6% | 91.3% | 90.1% | 1.3pp | 2.5pp |
| Net Margin | -61.0% | -38.2% | -55.5% | -22.8pp | -5.5pp |
| EPS (Diluted) | $-0.23 | $-0.18 | $-0.17 | -27.8% | -35.3% |
| Free Cash Flow | -$6M | $85.0K | -$3M | -6762.4% | -115.4% |
| Item | Amount |
|---|---|
| REVENUE | $13M |
| Cost of Revenue | $928.0K |
| GROSS PROFIT | $12M |
| R&D Expenses | $11M |
| Selling & Marketing | $4M |
| General & Administrative | $4M |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $19M |
| Cost & Expenses | $20M |
| OPERATING INCOME | -$8M |
| Interest Income | $0 |
| Interest Expense | $22.0K |
| Other Income/Expenses | $318.0K |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | $248.0K |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $639.0K |
| EBIT | -$7M |
| EBITDA | -$7M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $639.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$100.0K |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$450.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$6M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $241.0K |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | -$228.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | -$6M |
| Net Change in Cash | -$13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $68M |
| Short-Term Investments | $4M |
| Net Receivables | $10M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $91M |
| PP&E (Net) | $6M |
| Goodwill | $3M |
| Intangible Assets | $3M |
| Long-Term Investments | $14M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $28M |
| TOTAL ASSETS | $119M |
| Account Payables | $2M |
| Short-Term Debt | $2M |
| Deferred Revenue | $28M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $44M |
| Long-Term Debt | $433.0K |
| Deferred Revenue NC | $32M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $877.0K |
| TOTAL NON-CURRENT LIABILITIES | $35M |
| TOTAL LIABILITIES | $78M |
| Common Stock | $33.0K |
| Additional Paid-In Capital | $100M |
| Retained Earnings | -$59M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$102.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $40M |
| Minority Interest | $0 |
| TOTAL EQUITY | $40M |
| TOTAL LIABILITIES & EQUITY | $119M |
| Total Debt | $4M |
| Net Debt | -$64M |
