Q3 2021 Earnings

Reported September 30, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q3 2021	Q2 2021	Q3 2020	QoQ Change	YoY Change
Revenue	$1M	$894.0K	$890.0K	16.4%	17.0%
Op. Income	-$3M	-$4M	-$2M	28.1%	-53.7%
Gross Margin	46.6%	43.7%	60.0%	2.9pp	-13.4pp
Net Margin	-230.5%	-322.3%	-133.7%	91.7pp	-96.8pp
EPS (Diluted)	$-4.90	$-12.60	$-12.00	61.1%	59.2%

Income Statement

Item	Amount
REVENUE	$1M
Cost of Revenue	$556.0K
GROSS PROFIT	$485.0K
R&D Expenses	$297.0K
Selling & Marketing	$287.0K
General & Administrative	$2M
SG&A Expenses	$3M
Other Expenses	$0
Operating Expenses	$3M
Cost & Expenses	$4M
OPERATING INCOME	-$3M
Interest Income	$146.0K
Interest Expense	$1.0K
Other Income/Expenses	$145.0K
INCOME BEFORE TAX	-$2M
Income Tax Expense	$0
Net Income from Continuing Ops	-$2M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$2M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$3M
D&A	$524.0K
EBIT	-$2M
EBITDA	-$2M
EPS	-$5
EPS Diluted	-$5