| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $34M | $38M | $37M | -10.2% | -6.3% |
| Op. Income | -$11M | -$3M | $1M | -307.7% | -899.7% |
| Gross Margin | 71.6% | 70.7% | 81.3% | 1.0pp | -9.7pp |
| Net Margin | -29.0% | -6.9% | 6.1% | -22.1pp | -35.1pp |
| EPS (Diluted) | $-0.15 | $-0.04 | $0.03 | -271.3% | -600.0% |
| Free Cash Flow | $18M | -$4M | -$4M | 547.0% | 539.1% |
| Item | Amount |
|---|---|
| REVENUE | $34M |
| Cost of Revenue | $10M |
| GROSS PROFIT | $25M |
| R&D Expenses | $22M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $13M |
| Other Expenses | $0 |
| Operating Expenses | $35M |
| Cost & Expenses | $45M |
| OPERATING INCOME | -$11M |
| Interest Income | $436.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $652.0K |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $8.0K |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $3M |
| EBIT | -$11M |
| EBITDA | -$8M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $19M |
| OPERATING CASH FLOW | $20M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1.0K |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$47.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $180.0K |
| NET CASH FROM FINANCING | $133.0K |
| FREE CASH FLOW | $18M |
| Net Change in Cash | $19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $109M |
| Short-Term Investments | $0 |
| Net Receivables | $30M |
| Inventory | $2M |
| Other Current Assets | $528.0K |
| TOTAL CURRENT ASSETS | $146M |
| PP&E (Net) | $64M |
| Goodwill | $3M |
| Intangible Assets | $0 |
| Long-Term Investments | $21M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $89M |
| TOTAL ASSETS | $235M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2M |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $32M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $8M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $49M |
| TOTAL LIABILITIES | $81M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $563M |
| Retained Earnings | -$409M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $154M |
| Minority Interest | $0 |
| TOTAL EQUITY | $154M |
| TOTAL LIABILITIES & EQUITY | $235M |
| Total Debt | $45M |
| Net Debt | -$64M |
