| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $19M | $16M | $17M | 23.4% | 16.4% |
| Op. Income | -$48M | -$50M | -$37M | 2.2% | -32.1% |
| Gross Margin | 55.0% | 53.6% | 49.8% | 1.5pp | 5.2pp |
| Net Margin | -186.3% | -285.6% | -17.8% | 99.3pp | -168.5pp |
| EPS (Diluted) | $-0.18 | $-0.22 | $-0.02 | 18.2% | -1076.5% |
| Free Cash Flow | -$51M | -$59M | -$37M | 13.1% | -37.9% |
| Item | Amount |
|---|---|
| REVENUE | $19M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $11M |
| R&D Expenses | $23M |
| Selling & Marketing | $16M |
| General & Administrative | $19M |
| SG&A Expenses | $35M |
| Other Expenses | $692.0K |
| Operating Expenses | $59M |
| Cost & Expenses | $68M |
| OPERATING INCOME | -$48M |
| Interest Income | $260.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $13M |
| INCOME BEFORE TAX | -$36M |
| Income Tax Expense | $23.0K |
| Net Income from Continuing Ops | -$36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$36M |
| D&A | $1M |
| EBIT | -$48M |
| EBITDA | -$47M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$36M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$13M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | -$44M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $159.0K |
| NET CASH FROM FINANCING | $159.0K |
| FREE CASH FLOW | -$51M |
| Net Change in Cash | -$51M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $314M |
| Short-Term Investments | $0 |
| Net Receivables | $13M |
| Inventory | $66M |
| Other Current Assets | $17M |
| TOTAL CURRENT ASSETS | $426M |
| PP&E (Net) | $52M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $4M |
| Tax Assets | $0 |
| Other Non-Current Assets | $16M |
| TOTAL NON-CURRENT ASSETS | $71M |
| TOTAL ASSETS | $497M |
| Account Payables | $4M |
| Short-Term Debt | $2M |
| Deferred Revenue | $16M |
| Other Current Liabilities | $32M |
| TOTAL CURRENT LIABILITIES | $62M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $7M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $48M |
| TOTAL LIABILITIES | $110M |
| Common Stock | $20.0K |
| Additional Paid-In Capital | $894M |
| Retained Earnings | -$507M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $387M |
| Minority Interest | $0 |
| TOTAL EQUITY | $387M |
| TOTAL LIABILITIES & EQUITY | $497M |
| Total Debt | $32M |
| Net Debt | -$282M |
