| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $111M | $104M | $93M | 6.6% | 19.3% |
| Op. Income | -$10M | -$7M | -$8M | -44.8% | -32.9% |
| Gross Margin | 71.4% | 68.2% | 66.2% | 3.2pp | 5.3pp |
| Net Margin | -13.2% | -13.5% | -12.1% | 0.2pp | -1.2pp |
| EPS (Diluted) | $-0.06 | $-0.06 | $-0.05 | 3.1% | -21.3% |
| Free Cash Flow | -$13M | -$10M | $26M | -21.6% | -148.3% |
| Item | Amount |
|---|---|
| REVENUE | $111M |
| Cost of Revenue | $32M |
| GROSS PROFIT | $79M |
| R&D Expenses | $13M |
| Selling & Marketing | $60M |
| General & Administrative | $16M |
| SG&A Expenses | $77M |
| Other Expenses | $0 |
| Operating Expenses | $90M |
| Cost & Expenses | $121M |
| OPERATING INCOME | -$10M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$13M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $204.0K |
| NET INCOME | -$15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$14M |
| D&A | $892.0K |
| EBIT | -$10M |
| EBITDA | -$10M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$15M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $1.0K |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | -$10M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $21M |
| Other Investing Activities | $20M |
| NET CASH FROM INVESTING | $19M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $8M |
| NET CASH FROM FINANCING | $8M |
| FREE CASH FLOW | -$13M |
| Net Change in Cash | $16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $84M |
| Short-Term Investments | $191M |
| Net Receivables | $93M |
| Inventory | $60M |
| Other Current Assets | $41M |
| TOTAL CURRENT ASSETS | $464M |
| PP&E (Net) | $10M |
| Goodwill | $47M |
| Intangible Assets | $522.0K |
| Long-Term Investments | $25M |
| Tax Assets | -$25M |
| Other Non-Current Assets | $51M |
| TOTAL NON-CURRENT ASSETS | $109M |
| TOTAL ASSETS | $573M |
| Account Payables | $16M |
| Short-Term Debt | $0 |
| Deferred Revenue | $223M |
| Other Current Liabilities | $33M |
| TOTAL CURRENT LIABILITIES | $288M |
| Long-Term Debt | $81M |
| Deferred Revenue NC | $17M |
| Deferred Tax Liabilities | $870.0K |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $100M |
| TOTAL LIABILITIES | $389M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $139M |
| Retained Earnings | -$356M |
| Treasury Stock | -$24M |
| Accum. Other Comp. Income | $387.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $184M |
| Minority Interest | $0 |
| TOTAL EQUITY | $184M |
| TOTAL LIABILITIES & EQUITY | $573M |
| Total Debt | $81M |
| Net Debt | -$3M |
