| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $179M | $199M | $223M | -9.9% | -19.7% |
| Op. Income | -$44M | -$74M | -$30M | 40.3% | -47.8% |
| Gross Margin | 48.7% | 46.8% | 69.2% | 2.0pp | -20.5pp |
| Net Margin | -23.4% | -37.0% | -5.6% | 13.6pp | -17.8pp |
| EPS (Diluted) | $-7.00 | $-12.00 | $-2.50 | 41.7% | -180.0% |
| Free Cash Flow | -$7M | -$46M | -$31M | 85.4% | 78.0% |
| Item | Amount |
|---|---|
| REVENUE | $179M |
| Cost of Revenue | $92M |
| GROSS PROFIT | $87M |
| R&D Expenses | $24M |
| Selling & Marketing | $87M |
| General & Administrative | $20M |
| SG&A Expenses | $106M |
| Other Expenses | $1M |
| Operating Expenses | $132M |
| Cost & Expenses | $224M |
| OPERATING INCOME | -$44M |
| Interest Income | $0 |
| Interest Expense | $3.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$42M |
| Income Tax Expense | -$281.0K |
| Net Income from Continuing Ops | -$42M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$42M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$42M |
| D&A | $20M |
| EBIT | -$42M |
| EBITDA | -$22M |
| EPS | -$7 |
| EPS Diluted | -$7 |
| Item | Amount |
|---|---|
| Net Income | -$42M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$335.0K |
| Other Non-Cash Items | $20M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | $115.0K |
| 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 | $737.0K |
| NET CASH FROM FINANCING | $737.0K |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $57M |
| Short-Term Investments | $7M |
| Net Receivables | $1M |
| Inventory | $72M |
| Other Current Assets | $36M |
| TOTAL CURRENT ASSETS | $184M |
| PP&E (Net) | $92M |
| Goodwill | $0 |
| Intangible Assets | $162M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $51M |
| TOTAL NON-CURRENT ASSETS | $306M |
| TOTAL ASSETS | $490M |
| Account Payables | $23M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $112M |
| TOTAL CURRENT LIABILITIES | $197M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $13M |
| TOTAL LIABILITIES | $210M |
| Common Stock | $31.0K |
| Additional Paid-In Capital | $621M |
| Retained Earnings | -$340M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$75.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $280M |
| Minority Interest | $0 |
| TOTAL EQUITY | $280M |
| TOTAL LIABILITIES & EQUITY | $490M |
| Total Debt | $6M |
| Net Debt | -$51M |
