| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | $7M | $7M | -15.1% | -10.4% |
| Op. Income | -$1M | -$2M | -$2M | 31.5% | 43.8% |
| Gross Margin | 41.0% | 38.1% | 40.8% | 3.0pp | 0.3pp |
| Net Margin | -19.9% | -3.5% | -31.0% | -16.4pp | 11.1pp |
| EPS (Diluted) | $-0.05 | $-0.01 | $-0.11 | -386.9% | 52.6% |
| Free Cash Flow | $631.0K | -$2M | -$2M | 138.1% | 125.5% |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $3M |
| R&D Expenses | $876.0K |
| Selling & Marketing | $1M |
| General & Administrative | $2M |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $7M |
| OPERATING INCOME | -$1M |
| Interest Income | $0 |
| Interest Expense | $90.0K |
| Other Income/Expenses | -$93.0K |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $25.0K |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $946.0K |
| EBIT | -$1M |
| EBITDA | -$187.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $946.0K |
| Stock-Based Compensation | $24.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $230.0K |
| Change in Working Capital | $680.0K |
| OPERATING CASH FLOW | $632.0K |
| Capital Expenditure | -$1.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$180.0K |
| NET CASH FROM INVESTING | -$181.0K |
| Net Debt Issuance | -$180.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1.0K |
| NET CASH FROM FINANCING | -$179.0K |
| FREE CASH FLOW | $631.0K |
| Net Change in Cash | $247.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $0 |
| Net Receivables | $12M |
| Inventory | $10M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $25M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $24M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $33M |
| TOTAL ASSETS | $58M |
| Account Payables | $2M |
| Short-Term Debt | $855.0K |
| Deferred Revenue | $73.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $5M |
| Long-Term Debt | $1M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $655.0K |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $8M |
| Common Stock | $24.0K |
| Additional Paid-In Capital | $75M |
| Retained Earnings | -$25M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$288.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $50M |
| Minority Interest | $0 |
| TOTAL EQUITY | $50M |
| TOTAL LIABILITIES & EQUITY | $58M |
| Total Debt | $2M |
| Net Debt | $972.0K |
