| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $60M | $51M | $47M | 17.8% | 27.5% |
| Op. Income | $881.0K | -$3M | $2M | 125.5% | -43.3% |
| Gross Margin | 28.2% | 24.9% | 27.5% | 3.3pp | 0.8pp |
| Net Margin | 0.0% | -9.6% | -4.7% | 9.6pp | 4.8pp |
| EPS (Diluted) | $-1.08 | $-18.96 | $-9.00 | 94.3% | 88.0% |
| Free Cash Flow | -$2M | -$6M | -$3M | 73.3% | 47.4% |
| Item | Amount |
|---|---|
| REVENUE | $60M |
| Cost of Revenue | $43M |
| GROSS PROFIT | $17M |
| R&D Expenses | $649.0K |
| Selling & Marketing | $0 |
| General & Administrative | $15M |
| SG&A Expenses | $15M |
| Other Expenses | $0 |
| Operating Expenses | $16M |
| Cost & Expenses | $59M |
| OPERATING INCOME | $881.0K |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$814.0K |
| INCOME BEFORE TAX | $67.0K |
| Income Tax Expense | $41.0K |
| Net Income from Continuing Ops | $26.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$291.0K |
| D&A | $2M |
| EBIT | $2M |
| EBITDA | $5M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| REVENUE | $60M |
| Cost of Revenue | $43M |
| GROSS PROFIT | $17M |
| R&D Expenses | $649.0K |
| Selling & Marketing | $0 |
| General & Administrative | $15M |
| SG&A Expenses | $15M |
| Other Expenses | $0 |
| Operating Expenses | $16M |
| Cost & Expenses | $59M |
| OPERATING INCOME | $881.0K |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$814.0K |
| INCOME BEFORE TAX | $67.0K |
| Income Tax Expense | $41.0K |
| Net Income from Continuing Ops | $26.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$291.0K |
| D&A | $2M |
| EBIT | $2M |
| EBITDA | $5M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | $27.0K |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $927.0K |
| Deferred Income Tax | -$342.0K |
| Other Non-Cash Items | -$219.0K |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$133.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$133.0K |
| Net Debt Issuance | $2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $355.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $12M |
| Short-Term Investments | $0 |
| Net Receivables | $41M |
| Inventory | $45M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $108M |
| PP&E (Net) | $6M |
| Goodwill | $25M |
| Intangible Assets | $57M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $343.0K |
| TOTAL NON-CURRENT ASSETS | $89M |
| TOTAL ASSETS | $197M |
| Account Payables | $24M |
| Short-Term Debt | $9M |
| Deferred Revenue | $8M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $54M |
| Long-Term Debt | $44M |
| Deferred Revenue NC | $15M |
| Deferred Tax Liabilities | $8M |
| Other Non-Current Liabilities | $29M |
| TOTAL NON-CURRENT LIABILITIES | $99M |
| TOTAL LIABILITIES | $153M |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $112M |
| Retained Earnings | -$66M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $44M |
| Minority Interest | $0 |
| TOTAL EQUITY | $44M |
| TOTAL LIABILITIES & EQUITY | $197M |
| Total Debt | $58M |
| Net Debt | $46M |
