| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $72M | $66M | $50M | 9.0% | 44.0% |
| Op. Income | -$8M | -$8M | -$10M | 1.2% | 23.2% |
| Gross Margin | -1.5% | -0.3% | -9.6% | -1.2pp | 8.1pp |
| Net Margin | -93.1% | -0.3% | -35.3% | -92.7pp | -57.8pp |
| EPS (Diluted) | $-2.01 | $-0.01 | $-0.55 | -33400.0% | -265.5% |
| Free Cash Flow | -$16M | -$11M | -$8M | -42.6% | -113.2% |
| Item | Amount |
|---|---|
| REVENUE | $72M |
| Cost of Revenue | $73M |
| GROSS PROFIT | -$1M |
| R&D Expenses | $52.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $6M |
| Other Expenses | $0 |
| Operating Expenses | $6M |
| Cost & Expenses | $79M |
| OPERATING INCOME | -$8M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | -$59M |
| INCOME BEFORE TAX | -$67M |
| Income Tax Expense | $3.0K |
| Net Income from Continuing Ops | -$67M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$67M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$67M |
| D&A | $1M |
| EBIT | -$59M |
| EBITDA | -$57M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$67M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $54M |
| Change in Working Capital | $293.0K |
| OPERATING CASH FLOW | -$10M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $9M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$295.0K |
| NET CASH FROM FINANCING | $12M |
| FREE CASH FLOW | -$16M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $251.0K |
| Short-Term Investments | $0 |
| Net Receivables | $9M |
| Inventory | $10M |
| Other Current Assets | $571.0K |
| TOTAL CURRENT ASSETS | $24M |
| PP&E (Net) | $156M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $19M |
| TOTAL NON-CURRENT ASSETS | $175M |
| TOTAL ASSETS | $199M |
| Account Payables | $33M |
| Short-Term Debt | $29M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $120M |
| TOTAL CURRENT LIABILITIES | $183M |
| Long-Term Debt | $194M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $201M |
| TOTAL LIABILITIES | $384M |
| Common Stock | $35.0K |
| Additional Paid-In Capital | $227M |
| Retained Earnings | -$407M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$185M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$185M |
| TOTAL LIABILITIES & EQUITY | $199M |
| Total Debt | $225M |
| Net Debt | $225M |
