| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $62M | $79M | $89M | -21.4% | -30.1% |
| Op. Income | -$2M | $3M | $13M | -175.5% | -116.4% |
| Gross Margin | 47.1% | 43.8% | 49.9% | 3.3pp | -2.8pp |
| Net Margin | -2.5% | 1.8% | 22.4% | -4.3pp | -25.0pp |
| EPS (Diluted) | $-0.06 | $0.05 | $0.70 | -217.2% | -108.4% |
| Free Cash Flow | -$21M | $2M | -$9M | -1060.5% | -129.0% |
| Item | Amount |
|---|---|
| REVENUE | $62M |
| Cost of Revenue | $33M |
| GROSS PROFIT | $29M |
| R&D Expenses | $13M |
| Selling & Marketing | $10M |
| General & Administrative | $7M |
| SG&A Expenses | $17M |
| Other Expenses | $1M |
| Operating Expenses | $31M |
| Cost & Expenses | $64M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $497.0K |
| Other Income/Expenses | -$574.0K |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $2M |
| EBIT | -$2M |
| EBITDA | -$482.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $210.0K |
| Change in Working Capital | -$21M |
| OPERATING CASH FLOW | -$19M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$42.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $104.0K |
| NET CASH FROM FINANCING | $104.0K |
| FREE CASH FLOW | -$21M |
| Net Change in Cash | -$21M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $38M |
| Short-Term Investments | $0 |
| Net Receivables | $65M |
| Inventory | $40M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $161M |
| PP&E (Net) | $16M |
| Goodwill | $10M |
| Intangible Assets | $17M |
| Long-Term Investments | $0 |
| Tax Assets | $9M |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $53M |
| TOTAL ASSETS | $214M |
| Account Payables | $17M |
| Short-Term Debt | $3M |
| Deferred Revenue | $7M |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $65M |
| Long-Term Debt | $26M |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $37M |
| TOTAL LIABILITIES | $102M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $126M |
| Retained Earnings | -$9M |
| Treasury Stock | -$4M |
| Accum. Other Comp. Income | -$765.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $112M |
| Minority Interest | $0 |
| TOTAL EQUITY | $112M |
| TOTAL LIABILITIES & EQUITY | $214M |
| Total Debt | $33M |
| Net Debt | -$5M |
