Q3 2022 Earnings

Reported September 28, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q3 2022	Q2 2022	Q3 2021	QoQ Change	YoY Change
Revenue	$23M	$21M	—	8.0%	—
Op. Income	-$6M	-$28M	—	78.3%	—
Gross Margin	74.4%	75.0%	—	-0.5pp	—
Net Margin	-23.1%	-127.8%	—	104.6pp	—
EPS (Diluted)	$-0.16	$-0.80	—	80.0%	—

Income Statement

Item	Amount
REVENUE	$23M
Cost of Revenue	$6M
GROSS PROFIT	$17M
R&D Expenses	$14M
Selling & Marketing	$5M
General & Administrative	$4M
SG&A Expenses	$9M
Other Expenses	$0
Operating Expenses	$23M
Cost & Expenses	$29M
OPERATING INCOME	-$6M
Interest Income	$901.0K
Interest Expense	$0
Other Income/Expenses	$901.0K
INCOME BEFORE TAX	-$5M
Income Tax Expense	$144.0K
Net Income from Continuing Ops	-$5M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$5M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$5M
D&A	$6M
EBIT	-$5M
EBITDA	$901.0K
EPS	-$0
EPS Diluted	-$0