| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $72M | $68M | $59M | 6.1% | 22.1% |
| Op. Income | -$31M | -$39M | -$21M | 21.9% | -43.4% |
| Gross Margin | 75.8% | 75.3% | 79.1% | 0.5pp | -3.3pp |
| Net Margin | -41.9% | -58.1% | -36.5% | 16.2pp | -5.3pp |
| EPS (Diluted) | $-0.41 | $-0.54 | $-0.30 | 24.1% | -36.7% |
| Free Cash Flow | -$52M | -$16M | -$15M | -221.6% | -250.0% |
| Item | Amount |
|---|---|
| REVENUE | $72M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $55M |
| R&D Expenses | $22M |
| Selling & Marketing | $36M |
| General & Administrative | $19M |
| SG&A Expenses | $55M |
| Other Expenses | $8M |
| Operating Expenses | $85M |
| Cost & Expenses | $103M |
| OPERATING INCOME | -$31M |
| Interest Income | $1M |
| Interest Expense | $706.0K |
| Other Income/Expenses | $349.0K |
| INCOME BEFORE TAX | -$30M |
| Income Tax Expense | $86.0K |
| Net Income from Continuing Ops | -$30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$30M |
| D&A | $3M |
| EBIT | -$30M |
| EBITDA | -$27M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$30M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$38M |
| OPERATING CASH FLOW | -$51M |
| Capital Expenditure | -$720.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$91M |
| Sales/Maturities of Investments | $22M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$69M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $108.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $172.0K |
| FREE CASH FLOW | -$52M |
| Net Change in Cash | -$120M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $101M |
| Short-Term Investments | $206M |
| Net Receivables | $48M |
| Inventory | $0 |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $376M |
| PP&E (Net) | $19M |
| Goodwill | $50M |
| Intangible Assets | $29M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $106M |
| TOTAL ASSETS | $481M |
| Account Payables | $7M |
| Short-Term Debt | $0 |
| Deferred Revenue | $16M |
| Other Current Liabilities | $25M |
| TOTAL CURRENT LIABILITIES | $66M |
| Long-Term Debt | $337M |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $619.0K |
| TOTAL NON-CURRENT LIABILITIES | $350M |
| TOTAL LIABILITIES | $416M |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $564M |
| Retained Earnings | -$497M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $65M |
| Minority Interest | $0 |
| TOTAL EQUITY | $65M |
| TOTAL LIABILITIES & EQUITY | $481M |
| Total Debt | $350M |
| Net Debt | $250M |
