| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10M | $16M | $3M | -41.3% | 238.0% |
| Op. Income | -$5M | -$4M | -$8M | -12.1% | 40.9% |
| Gross Margin | 14.4% | 60.8% | -16.7% | -46.4pp | 31.1pp |
| Net Margin | -55.0% | -15.0% | -316.8% | -40.0pp | 261.8pp |
| EPS (Diluted) | $-0.08 | $-0.04 | $-0.15 | -115.0% | 47.5% |
| Free Cash Flow | -$4M | $0 | -$9M | — | 57.0% |
| Item | Amount |
|---|---|
| REVENUE | $10M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $1M |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | -$2M |
| Operating Expenses | $6M |
| Cost & Expenses | $14M |
| OPERATING INCOME | -$5M |
| Interest Income | $1.2K |
| Interest Expense | $310.7K |
| Other Income/Expenses | -$637.6K |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | -$42.9K |
| 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 | $1M |
| EBIT | -$5M |
| EBITDA | -$4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $551.0K |
| Stock-Based Compensation | $190.0K |
| Deferred Income Tax | -$190.0K |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$509.5K |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | -$498.0K |
| Purchases of Investments | -$498.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | $4M |
| Net Debt Issuance | -$514.7K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$514.7K |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$38.3K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $0 |
| Net Receivables | $6M |
| Inventory | $730.0K |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $11M |
| PP&E (Net) | $21M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $4M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $26M |
| TOTAL ASSETS | $37M |
| Account Payables | $3M |
| Short-Term Debt | $10M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $21M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $20M |
| TOTAL NON-CURRENT LIABILITIES | $26M |
| TOTAL LIABILITIES | $46M |
| Common Stock | $6.7K |
| Additional Paid-In Capital | $167M |
| Retained Earnings | -$176M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$9M |
| Minority Interest | -$63.5K |
| TOTAL EQUITY | -$9M |
| TOTAL LIABILITIES & EQUITY | $37M |
| Total Debt | $17M |
| Net Debt | $13M |
