| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $51M | $46M | $38M | 11.6% | 33.4% |
| Op. Income | -$320.0K | -$1M | -$3M | 71.9% | 87.6% |
| Gross Margin | 31.3% | 32.5% | 32.1% | -1.2pp | -0.8pp |
| Net Margin | -0.9% | -2.8% | -7.6% | 1.9pp | 6.7pp |
| EPS (Diluted) | $-0.01 | $-0.02 | $-0.04 | 50.0% | 75.0% |
| Free Cash Flow | -$6M | -$3M | -$6M | -142.2% | 3.6% |
| Item | Amount |
|---|---|
| REVENUE | $51M |
| Cost of Revenue | $35M |
| GROSS PROFIT | $16M |
| R&D Expenses | $6M |
| Selling & Marketing | $2M |
| General & Administrative | $8M |
| SG&A Expenses | $9M |
| Other Expenses | $1M |
| Operating Expenses | $16M |
| Cost & Expenses | $51M |
| OPERATING INCOME | -$320.0K |
| Interest Income | $445.0K |
| Interest Expense | $475.0K |
| Other Income/Expenses | -$46.0K |
| INCOME BEFORE TAX | -$366.0K |
| Income Tax Expense | $102.0K |
| Net Income from Continuing Ops | -$468.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$468.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$468.0K |
| D&A | $1M |
| EBIT | $109.0K |
| EBITDA | $1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$469.0K |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$197.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $86.0K |
| NET CASH FROM FINANCING | -$111.0K |
| FREE CASH FLOW | -$6M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $76M |
| Short-Term Investments | $0 |
| Net Receivables | $33M |
| Inventory | $12M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $123M |
| PP&E (Net) | $12M |
| Goodwill | $67M |
| Intangible Assets | $20M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $14M |
| TOTAL NON-CURRENT ASSETS | $112M |
| TOTAL ASSETS | $235M |
| Account Payables | $31M |
| Short-Term Debt | $848.0K |
| Deferred Revenue | $2M |
| Other Current Liabilities | $21M |
| TOTAL CURRENT LIABILITIES | $63M |
| Long-Term Debt | $13M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $190.0K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $16M |
| TOTAL LIABILITIES | $79M |
| Common Stock | $0 |
| Additional Paid-In Capital | $466M |
| Retained Earnings | -$313M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $156M |
| Minority Interest | $0 |
| TOTAL EQUITY | $156M |
| TOTAL LIABILITIES & EQUITY | $235M |
| Total Debt | $19M |
| Net Debt | -$58M |
