| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $46M | $49M | $45M | -6.3% | 1.7% |
| Op. Income | $22M | $23M | $26M | -7.4% | -17.1% |
| Gross Margin | 95.9% | 97.7% | 98.5% | -1.8pp | -2.5pp |
| Net Margin | -94.0% | 37.2% | 45.3% | -131.2pp | -139.3pp |
| EPS (Diluted) | $-0.51 | $0.19 | $0.21 | -368.4% | -342.9% |
| Free Cash Flow | $33M | $37M | $33M | -12.5% | 0.1% |
| Item | Amount |
|---|---|
| REVENUE | $46M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $44M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | $17M |
| Operating Expenses | $23M |
| Cost & Expenses | $25M |
| OPERATING INCOME | $22M |
| Interest Income | $469.0K |
| Interest Expense | $6M |
| Other Income/Expenses | -$65M |
| INCOME BEFORE TAX | -$43M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$43M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$43M |
| D&A | $14M |
| EBIT | -$38M |
| EBITDA | -$24M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$43M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $65M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $35M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$22M |
| NET CASH FROM INVESTING | -$24M |
| Net Debt Issuance | $25M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | -$26M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | $33M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $27M |
| Short-Term Investments | $0 |
| Net Receivables | $1M |
| Inventory | $0 |
| Other Current Assets | $142M |
| TOTAL CURRENT ASSETS | $175M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.4B |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $1.6B |
| Account Payables | $24M |
| Short-Term Debt | $105M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $156M |
| Long-Term Debt | $594M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $594M |
| TOTAL LIABILITIES | $749M |
| Common Stock | $965.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$352M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $845M |
| Minority Interest | $0 |
| TOTAL EQUITY | $845M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $699M |
| Net Debt | $672M |
