| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $86M | $94M | $99M | -8.6% | -12.5% |
| Op. Income | $7M | $28M | $18M | -75.7% | -62.2% |
| Gross Margin | 68.2% | 71.0% | 70.2% | -2.8pp | -2.0pp |
| Net Margin | -0.6% | 20.2% | 11.3% | -20.7pp | -11.9pp |
| EPS (Diluted) | $-0.01 | $0.47 | $0.28 | -102.6% | -104.3% |
| Free Cash Flow | -$4M | $735.0K | $13M | -641.1% | -129.7% |
| Item | Amount |
|---|---|
| REVENUE | $86M |
| Cost of Revenue | $27M |
| GROSS PROFIT | $59M |
| R&D Expenses | $30M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $22M |
| Other Expenses | $0 |
| Operating Expenses | $52M |
| Cost & Expenses | $80M |
| OPERATING INCOME | $7M |
| Interest Income | $83.0K |
| Interest Expense | $3M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$476.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$476.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$476.0K |
| D&A | $6M |
| EBIT | $6M |
| EBITDA | $13M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$476.0K |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | -$707.0K |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$18M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$10M |
| Sales/Maturities of Investments | $11M |
| Other Investing Activities | $707.0K |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $112M |
| Short-Term Investments | $30M |
| Net Receivables | $48M |
| Inventory | $0 |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $266M |
| PP&E (Net) | $56M |
| Goodwill | $1.1B |
| Intangible Assets | $16M |
| Long-Term Investments | $4M |
| Tax Assets | $156M |
| Other Non-Current Assets | $81M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $1.7B |
| Account Payables | $18M |
| Short-Term Debt | $8M |
| Deferred Revenue | $79M |
| Other Current Liabilities | $22M |
| TOTAL CURRENT LIABILITIES | $156M |
| Long-Term Debt | $263M |
| Deferred Revenue NC | $183M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $29M |
| TOTAL NON-CURRENT LIABILITIES | $490M |
| TOTAL LIABILITIES | $646M |
| Common Stock | $393.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | $46M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $291M |
| Net Debt | $180M |
