| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $20M | — | $14M | — | 45.6% |
| Op. Income | $1M | — | $3M | — | -65.2% |
| Gross Margin | 20.4% | — | 28.0% | — | -7.6pp |
| Net Margin | 2.2% | — | 15.9% | — | -13.7pp |
| EPS (Diluted) | $0.02 | — | $0.09 | — | -76.1% |
| Free Cash Flow | -$6M | — | $77.1K | — | -7310.9% |
| Item | Amount |
|---|---|
| REVENUE | $20M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $4M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $19M |
| OPERATING INCOME | $1M |
| Interest Income | $0 |
| Interest Expense | $194.6K |
| Other Income/Expenses | -$120.1K |
| INCOME BEFORE TAX | $958.9K |
| Income Tax Expense | $512.3K |
| Net Income from Continuing Ops | $446.6K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $446.6K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $446.6K |
| D&A | $174.4K |
| EBIT | $1M |
| EBITDA | $1M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $20M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $4M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $19M |
| OPERATING INCOME | $1M |
| Interest Income | $0 |
| Interest Expense | $194.6K |
| Other Income/Expenses | -$120.1K |
| INCOME BEFORE TAX | $958.9K |
| Income Tax Expense | $512.3K |
| Net Income from Continuing Ops | $446.6K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $446.6K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $446.6K |
| D&A | $174.4K |
| EBIT | $1M |
| EBITDA | $1M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $446.6K |
| Depreciation & Amortization | $174.4K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $39.4K |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$74.4K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$74.4K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $32M |
| NET CASH FROM FINANCING | $32M |
| FREE CASH FLOW | -$6M |
| Net Change in Cash | $27M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $29M |
| Short-Term Investments | $0 |
| Net Receivables | $27M |
| Inventory | $6M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $63M |
| PP&E (Net) | $260.4K |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $15.4K |
| Tax Assets | $403.3K |
| Other Non-Current Assets | $724.8K |
| TOTAL NON-CURRENT ASSETS | $3M |
| TOTAL ASSETS | $66M |
| Account Payables | $1M |
| Short-Term Debt | $4M |
| Deferred Revenue | $393.9K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $11M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $12M |
| Common Stock | $24.1K |
| Additional Paid-In Capital | $41M |
| Retained Earnings | $11M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | -$15.4K |
| TOTAL STOCKHOLDERS' EQUITY | $54M |
| Minority Interest | $0 |
| TOTAL EQUITY | $54M |
| TOTAL LIABILITIES & EQUITY | $66M |
| Total Debt | $6M |
| Net Debt | -$23M |
