Q2 2022 Earnings

Reported June 28, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q2 2022	Q1 2022	Q2 2021	QoQ Change	YoY Change
Revenue	$21M	$15M	—	42.5%	—
Op. Income	-$28M	-$4M	—	-570.8%	—
Gross Margin	75.0%	72.0%	—	3.0pp	—
Net Margin	-127.8%	-37.1%	—	-90.7pp	—
EPS (Diluted)	$-0.80	$-0.16	—	-400.0%	—

Income Statement

Item	Amount
REVENUE	$21M
Cost of Revenue	$5M
GROSS PROFIT	$16M
R&D Expenses	$22M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$22M
Other Expenses	$0
Operating Expenses	$44M
Cost & Expenses	$49M
OPERATING INCOME	-$28M
Interest Income	$215.0K
Interest Expense	$0
Other Income/Expenses	$215.0K
INCOME BEFORE TAX	-$28M
Income Tax Expense	-$523.0K
Net Income from Continuing Ops	-$27M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$27M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$27M
D&A	$0
EBIT	-$28M
EBITDA	-$28M
EPS	-$1
EPS Diluted	-$1