| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $38M | $35M | $25M | 8.7% | 50.9% |
| Op. Income | -$3M | -$8M | -$4M | 68.9% | 41.8% |
| Gross Margin | 70.7% | 75.9% | 83.0% | -5.2pp | -12.4pp |
| Net Margin | -6.9% | -23.6% | -16.8% | 16.8pp | 9.9pp |
| EPS (Diluted) | $-0.04 | $-0.13 | $-0.07 | 68.9% | 39.0% |
| Free Cash Flow | -$4M | -$16M | -$10M | 74.7% | 59.1% |
| Item | Amount |
|---|---|
| REVENUE | $38M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $27M |
| R&D Expenses | $19M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $30M |
| Cost & Expenses | $41M |
| OPERATING INCOME | -$3M |
| Interest Income | $140.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $77.0K |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $108.0K |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $3M |
| EBIT | -$3M |
| EBITDA | -$62.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$327.0K |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $21.0K |
| Purchases of Investments | -$300.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$18.0K |
| NET CASH FROM FINANCING | $233.0K |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $90M |
| Short-Term Investments | $0 |
| Net Receivables | $49M |
| Inventory | $2M |
| Other Current Assets | $546.0K |
| TOTAL CURRENT ASSETS | $145M |
| PP&E (Net) | $65M |
| Goodwill | $3M |
| Intangible Assets | $0 |
| Long-Term Investments | $19M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $90M |
| TOTAL ASSETS | $235M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2M |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $30M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $45M |
| TOTAL LIABILITIES | $76M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $558M |
| Retained Earnings | -$399M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $159M |
| Minority Interest | $0 |
| TOTAL EQUITY | $159M |
| TOTAL LIABILITIES & EQUITY | $235M |
| Total Debt | $46M |
| Net Debt | -$44M |
