| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $166M | $179M | $208M | -7.3% | -20.2% |
| Op. Income | -$36M | -$44M | -$72M | 18.5% | 49.6% |
| Gross Margin | 63.1% | 48.7% | 64.9% | 14.3pp | -1.8pp |
| Net Margin | -20.4% | -23.4% | -19.2% | 3.0pp | -1.2pp |
| EPS (Diluted) | $-5.50 | $-7.00 | $-6.45 | 21.4% | 14.7% |
| Free Cash Flow | -$8M | -$7M | -$148M | -14.9% | 94.8% |
| Item | Amount |
|---|---|
| REVENUE | $166M |
| Cost of Revenue | $61M |
| GROSS PROFIT | $105M |
| R&D Expenses | $26M |
| Selling & Marketing | $93M |
| General & Administrative | $20M |
| SG&A Expenses | $113M |
| Other Expenses | $2M |
| Operating Expenses | $141M |
| Cost & Expenses | $202M |
| OPERATING INCOME | -$36M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$34M |
| Income Tax Expense | -$549.0K |
| Net Income from Continuing Ops | -$34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$34M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$34M |
| D&A | $17M |
| EBIT | -$33M |
| EBITDA | -$16M |
| EPS | -$6 |
| EPS Diluted | -$6 |
| Item | Amount |
|---|---|
| Net Income | -$34M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$611.0K |
| Other Non-Cash Items | $8M |
| Change in Working Capital | $88.0K |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $50M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | $46M |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | $37M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $94M |
| Short-Term Investments | $0 |
| Net Receivables | $871.0K |
| Inventory | $68M |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $178M |
| PP&E (Net) | $82M |
| Goodwill | $0 |
| Intangible Assets | $157M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $82M |
| TOTAL NON-CURRENT ASSETS | $321M |
| TOTAL ASSETS | $499M |
| Account Payables | $14M |
| Short-Term Debt | $1M |
| Deferred Revenue | $102M |
| Other Current Liabilities | $31M |
| TOTAL CURRENT LIABILITIES | $193M |
| Long-Term Debt | $39M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $13M |
| TOTAL NON-CURRENT LIABILITIES | $53M |
| TOTAL LIABILITIES | $246M |
| Common Stock | $31.0K |
| Additional Paid-In Capital | $626M |
| Retained Earnings | -$374M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $349.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $252M |
| Minority Interest | $0 |
| TOTAL EQUITY | $252M |
| TOTAL LIABILITIES & EQUITY | $499M |
| Total Debt | $41M |
| Net Debt | -$53M |
