| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $105M | — | $6.0K | — | 1755650.9% |
| Op. Income | $1M | — | -$399.1K | — | 473.5% |
| Gross Margin | 13.2% | — | -113.8% | — | 126.9pp |
| Net Margin | -0.7% | — | -4216.3% | — | 4215.6pp |
| EPS (Diluted) | $-0.05 | — | $-0.01 | — | -264.3% |
| Free Cash Flow | -$4M | — | $54.2K | — | -7104.3% |
| Item | Amount |
|---|---|
| REVENUE | $105M |
| Cost of Revenue | $91M |
| GROSS PROFIT | $14M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $11M |
| Other Expenses | $2M |
| Operating Expenses | $12M |
| Cost & Expenses | $104M |
| OPERATING INCOME | $1M |
| Interest Income | $5.7K |
| Interest Expense | $39.6K |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$921.2K |
| Income Tax Expense | -$187.0K |
| Net Income from Continuing Ops | -$734.3K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$734.3K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$734.3K |
| D&A | $1M |
| EBIT | $2M |
| EBITDA | $3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$734.3K |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $897.4K |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$35.3K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$35.3K |
| Net Debt Issuance | $568.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8M |
| Short-Term Investments | $0 |
| Net Receivables | $108.9K |
| Inventory | $246.7K |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $8M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $171.2K |
| TOTAL NON-CURRENT ASSETS | $2M |
| TOTAL ASSETS | $10M |
| Account Payables | $500.4K |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $835.1K |
| Long-Term Debt | $1M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $4M |
| Common Stock | $119 |
| Additional Paid-In Capital | $23M |
| Retained Earnings | -$16M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6M |
| Minority Interest | $0 |
| TOTAL EQUITY | $6M |
| TOTAL LIABILITIES & EQUITY | $10M |
| Total Debt | $3M |
| Net Debt | -$5M |
