| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $561.0K | $187.0K | $130.0K | 200.0% | 331.5% |
| Op. Income | -$2M | -$2M | -$2M | -10.1% | -45.0% |
| Gross Margin | 21.4% | 6.4% | 1.5% | 15.0pp | 19.9pp |
| Net Margin | -388.6% | -1085.0% | -1247.7% | 696.4pp | 859.1pp |
| EPS (Diluted) | $-1.38 | $-1.28 | $-3.07 | -7.8% | 55.0% |
| Free Cash Flow | -$1M | -$2M | -$1M | 35.8% | -44.8% |
| Item | Amount |
|---|---|
| REVENUE | $561.0K |
| Cost of Revenue | $441.0K |
| GROSS PROFIT | $120.0K |
| R&D Expenses | $652.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $3M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $80.0K |
| 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 | -$2M |
| D&A | $55.0K |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $55.0K |
| Stock-Based Compensation | $439.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $388.0K |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$167.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$167.0K |
| Net Debt Issuance | -$15.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$15.0K |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $30M |
| Short-Term Investments | $27M |
| Net Receivables | $92.0K |
| Inventory | $1M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $59M |
| PP&E (Net) | $1M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $11.0K |
| TOTAL NON-CURRENT ASSETS | $1M |
| TOTAL ASSETS | $60M |
| Account Payables | $90.0K |
| Short-Term Debt | $500.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $853.0K |
| TOTAL CURRENT LIABILITIES | $2M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $421.0K |
| TOTAL LIABILITIES | $3M |
| Common Stock | $191M |
| Additional Paid-In Capital | $79M |
| Retained Earnings | -$212M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$268.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $58M |
| Minority Interest | $0 |
| TOTAL EQUITY | $58M |
| TOTAL LIABILITIES & EQUITY | $60M |
| Total Debt | $1M |
| Net Debt | -$29M |
