| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $47M | $47M | $48M | 0.5% | -2.2% |
| Op. Income | $25M | $28M | $28M | -10.1% | -10.1% |
| Gross Margin | 90.4% | 97.1% | 97.9% | -6.7pp | -7.5pp |
| Net Margin | 1.5% | 44.2% | 24.8% | -42.7pp | -23.3pp |
| EPS (Diluted) | $-0.08 | $0.21 | $0.12 | -137.7% | -165.9% |
| Free Cash Flow | $41M | $32M | $46M | 26.6% | -12.7% |
| Item | Amount |
|---|---|
| REVENUE | $47M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $43M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | $12M |
| Operating Expenses | $17M |
| Cost & Expenses | $22M |
| OPERATING INCOME | $25M |
| Interest Income | $3M |
| Interest Expense | $8M |
| Other Income/Expenses | -$24M |
| INCOME BEFORE TAX | $709.0K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $709.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $709.0K |
| Net Income Deductions | -$94.0K |
| BOTTOM LINE NET INCOME | $709.0K |
| D&A | $12M |
| EBIT | $9M |
| EBITDA | $21M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| REVENUE | $47M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $43M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | $12M |
| Operating Expenses | $17M |
| Cost & Expenses | $22M |
| OPERATING INCOME | $25M |
| Interest Income | $3M |
| Interest Expense | $8M |
| Other Income/Expenses | -$24M |
| INCOME BEFORE TAX | $709.0K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $709.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $709.0K |
| Net Income Deductions | -$94.0K |
| BOTTOM LINE NET INCOME | $709.0K |
| D&A | $12M |
| EBIT | $9M |
| EBITDA | $21M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | $709.0K |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $19M |
| Change in Working Capital | $9M |
| OPERATING CASH FLOW | $42M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$14M |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | $20M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$27M |
| Other Financing Activities | -$45M |
| NET CASH FROM FINANCING | -$52M |
| FREE CASH FLOW | $41M |
| Net Change in Cash | -$25M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $0 |
| Net Receivables | $808.0K |
| Inventory | $0 |
| Other Current Assets | $78M |
| TOTAL CURRENT ASSETS | $102M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.5B |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $1.6B |
| Account Payables | $31M |
| Short-Term Debt | $180M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $238M |
| Long-Term Debt | $594M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $594M |
| TOTAL LIABILITIES | $832M |
| Common Stock | $966.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$384M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $814M |
| Minority Interest | $0 |
| TOTAL EQUITY | $814M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $774M |
| Net Debt | $769M |
