| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $37M | $34M | $26M | 9.6% | 42.4% |
| Op. Income | -$21M | -$15M | -$15M | -38.2% | -39.6% |
| Gross Margin | 57.4% | 61.0% | 56.7% | -3.6pp | 0.7pp |
| Net Margin | -63.2% | -51.6% | -59.8% | -11.5pp | -3.4pp |
| EPS (Diluted) | $-0.42 | $-0.31 | $-0.31 | -35.5% | -35.5% |
| Free Cash Flow | -$21M | -$38M | $16M | 44.7% | -232.0% |
| Item | Amount |
|---|---|
| REVENUE | $37M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $21M |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $39M |
| Operating Expenses | $43M |
| Cost & Expenses | $59M |
| OPERATING INCOME | -$21M |
| Interest Income | $4.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$23M |
| Income Tax Expense | $28.0K |
| Net Income from Continuing Ops | -$23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$23M |
| D&A | $853.0K |
| EBIT | -$18M |
| EBITDA | -$17M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$23M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $6.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$21M |
| Capital Expenditure | -$388.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$157.0K |
| NET CASH FROM INVESTING | -$388.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$849.0K |
| NET CASH FROM FINANCING | -$849.0K |
| FREE CASH FLOW | -$21M |
| Net Change in Cash | -$22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $84M |
| Short-Term Investments | $0 |
| Net Receivables | $21M |
| Inventory | $12M |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $134M |
| PP&E (Net) | $4M |
| Goodwill | $21M |
| Intangible Assets | $49M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $77M |
| TOTAL ASSETS | $211M |
| Account Payables | $10M |
| Short-Term Debt | $0 |
| Deferred Revenue | $7M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $52M |
| Long-Term Debt | $72M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $29.0K |
| Other Non-Current Liabilities | $39M |
| TOTAL NON-CURRENT LIABILITIES | $113M |
| TOTAL LIABILITIES | $164M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $511M |
| Retained Earnings | -$464M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$165.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $47M |
| Minority Interest | $0 |
| TOTAL EQUITY | $47M |
| TOTAL LIABILITIES & EQUITY | $211M |
| Total Debt | $75M |
| Net Debt | -$10M |
