| Metric | Q3 2021 | Q2 2021 | Q3 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $27M | $26M | $18M | 2.2% | 51.1% |
| Op. Income | -$19M | -$15M | -$11M | -25.0% | -70.2% |
| Gross Margin | 56.9% | 56.7% | 62.6% | 0.2pp | -5.7pp |
| Net Margin | -72.8% | -59.8% | -64.9% | -13.1pp | -8.0pp |
| EPS (Diluted) | $-0.35 | $-0.31 | $-0.34 | -12.9% | -2.9% |
| Free Cash Flow | -$32M | $16M | -$14M | -299.2% | -122.8% |
| Item | Amount |
|---|---|
| REVENUE | $27M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $15M |
| R&D Expenses | $301.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $34M |
| Operating Expenses | $34M |
| Cost & Expenses | $46M |
| OPERATING INCOME | -$19M |
| Interest Income | $0 |
| Interest Expense | $311.0K |
| Other Income/Expenses | -$311.0K |
| INCOME BEFORE TAX | -$19M |
| Income Tax Expense | $12.0K |
| Net Income from Continuing Ops | -$19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$19M |
| D&A | $923.0K |
| EBIT | -$18M |
| EBITDA | -$17M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$19M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$18M |
| OPERATING CASH FLOW | -$32M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $21.0K |
| NET CASH FROM INVESTING | $21.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$784.0K |
| NET CASH FROM FINANCING | $8M |
| FREE CASH FLOW | -$32M |
| Net Change in Cash | -$24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $108M |
| Short-Term Investments | $0 |
| Net Receivables | $13M |
| Inventory | $4M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $138M |
| PP&E (Net) | $4M |
| Goodwill | $21M |
| Intangible Assets | $51M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $240.0K |
| TOTAL NON-CURRENT ASSETS | $77M |
| TOTAL ASSETS | $215M |
| Account Payables | $7M |
| Short-Term Debt | $20M |
| Deferred Revenue | $6M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $71M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $25.0K |
| Other Non-Current Liabilities | $44M |
| TOTAL NON-CURRENT LIABILITIES | $47M |
| TOTAL LIABILITIES | $118M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $502M |
| Retained Earnings | -$405M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $97M |
| Minority Interest | $0 |
| TOTAL EQUITY | $97M |
| TOTAL LIABILITIES & EQUITY | $215M |
| Total Debt | $24M |
| Net Debt | -$84M |
