| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $120M | $117M | $161M | 3.1% | -25.4% |
| Op. Income | -$25M | -$7M | $5M | -277.4% | -555.2% |
| Gross Margin | 38.1% | 35.7% | 34.5% | 2.3pp | 3.6pp |
| Net Margin | -18.2% | -5.1% | 2.6% | -13.0pp | -20.8pp |
| EPS (Diluted) | $-0.83 | $-0.23 | $0.17 | -260.9% | -588.2% |
| Free Cash Flow | -$401.0K | $1M | $8M | -135.1% | -105.0% |
| Item | Amount |
|---|---|
| REVENUE | $120M |
| Cost of Revenue | $75M |
| GROSS PROFIT | $46M |
| R&D Expenses | $13M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $30M |
| Other Expenses | $28M |
| Operating Expenses | $70M |
| Cost & Expenses | $145M |
| OPERATING INCOME | -$25M |
| Interest Income | $30.0K |
| Interest Expense | $988.0K |
| Other Income/Expenses | -$560.0K |
| INCOME BEFORE TAX | -$25M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | -$22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$24M |
| D&A | $8M |
| EBIT | -$24M |
| EBITDA | -$16M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$22M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | -$142.0K |
| Change in Working Capital | $12M |
| OPERATING CASH FLOW | $5M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $6M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$3M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $402.0K |
| FREE CASH FLOW | -$401.0K |
| Net Change in Cash | $1.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $31M |
| Short-Term Investments | $0 |
| Net Receivables | $139M |
| Inventory | $90M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $281M |
| PP&E (Net) | $97M |
| Goodwill | $348M |
| Intangible Assets | $258M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $713M |
| TOTAL ASSETS | $995M |
| Account Payables | $33M |
| Short-Term Debt | $0 |
| Deferred Revenue | $78M |
| Other Current Liabilities | $21M |
| TOTAL CURRENT LIABILITIES | $219M |
| Long-Term Debt | $115M |
| Deferred Revenue NC | $11M |
| Deferred Tax Liabilities | $19M |
| Other Non-Current Liabilities | $12M |
| TOTAL NON-CURRENT LIABILITIES | $206M |
| TOTAL LIABILITIES | $425M |
| Common Stock | $4M |
| Additional Paid-In Capital | $613M |
| Retained Earnings | $293M |
| Treasury Stock | -$442M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $570M |
| Minority Interest | $0 |
| TOTAL EQUITY | $570M |
| TOTAL LIABILITIES & EQUITY | $995M |
| Total Debt | $173M |
| Net Debt | $142M |
