| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $6M | $4M | 17.1% | 73.0% |
| Op. Income | -$32M | -$30M | -$16M | -7.1% | -94.7% |
| Gross Margin | 22.1% | 15.1% | 37.3% | 6.9pp | -15.3pp |
| Net Margin | -482.1% | -525.8% | -487.2% | 43.7pp | 5.1pp |
| EPS (Diluted) | $-4054.20 | $-3788.40 | $-2520.00 | -7.0% | -60.9% |
| Free Cash Flow | -$29M | -$33M | -$12M | 14.0% | -130.9% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $1M |
| R&D Expenses | $12M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $22M |
| Other Expenses | -$156.0K |
| Operating Expenses | $34M |
| Cost & Expenses | $39M |
| OPERATING INCOME | -$32M |
| Interest Income | $192.0K |
| Interest Expense | $74.0K |
| Other Income/Expenses | -$38.0K |
| INCOME BEFORE TAX | -$32M |
| Income Tax Expense | $41.0K |
| Net Income from Continuing Ops | -$32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$32M |
| D&A | $2M |
| EBIT | -$32M |
| EBITDA | -$30M |
| EPS | -$4.1K |
| EPS Diluted | -$4.1K |
| Item | Amount |
|---|---|
| Net Income | -$32M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $573.0K |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | -$28M |
| Capital Expenditure | -$469.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$15M |
| Sales/Maturities of Investments | $46M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $31M |
| Net Debt Issuance | -$9.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $212.0K |
| NET CASH FROM FINANCING | $203.0K |
| FREE CASH FLOW | -$29M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $27M |
| Short-Term Investments | $160M |
| Net Receivables | $5M |
| Inventory | $21M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $216M |
| PP&E (Net) | $24M |
| Goodwill | $56M |
| Intangible Assets | $24M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $841.0K |
| TOTAL NON-CURRENT ASSETS | $105M |
| TOTAL ASSETS | $322M |
| Account Payables | $8M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1M |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $28M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $203.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $9M |
| TOTAL LIABILITIES | $37M |
| Common Stock | $29.0K |
| Additional Paid-In Capital | $565M |
| Retained Earnings | -$278M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $285M |
| Minority Interest | $0 |
| TOTAL EQUITY | $285M |
| TOTAL LIABILITIES & EQUITY | $322M |
| Total Debt | $11M |
| Net Debt | -$16M |
