| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12M | $10M | $11M | 23.6% | 8.6% |
| Op. Income | -$396.0K | -$347.0K | -$537.0K | -14.1% | 26.3% |
| Gross Margin | 29.2% | 41.7% | 29.7% | -12.5pp | -0.4pp |
| Net Margin | -3.0% | 8.2% | 10.1% | -11.1pp | -13.1pp |
| EPS (Diluted) | $-0.09 | $0.19 | $0.26 | -145.8% | -133.5% |
| Free Cash Flow | -$412.0K | $1M | $2M | -140.7% | -126.9% |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $4M |
| R&D Expenses | $627.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3M |
| Other Expenses | $19.0K |
| Operating Expenses | $4M |
| Cost & Expenses | $13M |
| OPERATING INCOME | -$396.0K |
| Interest Income | $145.0K |
| Interest Expense | $105.0K |
| Other Income/Expenses | $42.0K |
| INCOME BEFORE TAX | -$354.0K |
| Income Tax Expense | $12.0K |
| Net Income from Continuing Ops | -$366.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$366.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$366.0K |
| D&A | $296.0K |
| EBIT | -$249.0K |
| EBITDA | $47.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$366.0K |
| Depreciation & Amortization | $94.0K |
| Stock-Based Compensation | $225.0K |
| Deferred Income Tax | $17.0K |
| Other Non-Cash Items | $191.0K |
| Change in Working Capital | -$436.0K |
| OPERATING CASH FLOW | -$275.0K |
| Capital Expenditure | -$137.0K |
| Acquisitions (Net) | $1.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$60.0K |
| NET CASH FROM INVESTING | -$196.0K |
| Net Debt Issuance | -$280.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$280.0K |
| FREE CASH FLOW | -$412.0K |
| Net Change in Cash | -$712.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $19M |
| Short-Term Investments | $53.0K |
| Net Receivables | $21M |
| Inventory | $4M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $50M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $17.0K |
| Long-Term Investments | $11.0K |
| Tax Assets | $6M |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $12M |
| TOTAL ASSETS | $62M |
| Account Payables | $13M |
| Short-Term Debt | $2M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $18M |
| Long-Term Debt | $432.0K |
| Deferred Revenue NC | $300.0K |
| Deferred Tax Liabilities | -$300.0K |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $10M |
| TOTAL LIABILITIES | $28M |
| Common Stock | $44.0K |
| Additional Paid-In Capital | $18M |
| Retained Earnings | $25M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $34M |
| Minority Interest | $0 |
| TOTAL EQUITY | $34M |
| TOTAL LIABILITIES & EQUITY | $62M |
| Total Debt | $3M |
| Net Debt | -$16M |
