| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $2M | $3M | 238.1% | 139.9% |
| Op. Income | -$1M | -$5M | -$2M | 73.7% | 42.4% |
| Gross Margin | 62.7% | 67.0% | 95.6% | -4.3pp | -32.9pp |
| Net Margin | -21.2% | -244.9% | -65.7% | 223.8pp | 44.6pp |
| EPS (Diluted) | $-0.06 | $-0.22 | $-0.08 | 71.8% | 22.5% |
| Free Cash Flow | $2M | $1M | -$372.0K | 40.7% | 557.0% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $5M |
| R&D Expenses | $690.0K |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $6M |
| Cost & Expenses | $9M |
| OPERATING INCOME | -$1M |
| Interest Income | $0 |
| Interest Expense | $218.0K |
| Other Income/Expenses | -$218.0K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $1M |
| EBIT | -$1M |
| EBITDA | -$169.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $30.0K |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$761.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$750.0K |
| NET CASH FROM INVESTING | -$761.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $117.0K |
| NET CASH FROM FINANCING | $117.0K |
| FREE CASH FLOW | $2M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $17M |
| Short-Term Investments | $0 |
| Net Receivables | $834.0K |
| Inventory | $531.0K |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $20M |
| PP&E (Net) | $150.0K |
| Goodwill | $0 |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $12.0K |
| TOTAL NON-CURRENT ASSETS | $3M |
| TOTAL ASSETS | $23M |
| Account Payables | $1M |
| Short-Term Debt | $364.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $4M |
| Long-Term Debt | $6M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $6M |
| TOTAL LIABILITIES | $10M |
| Common Stock | $25.0K |
| Additional Paid-In Capital | $114M |
| Retained Earnings | -$101M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $13M |
| Minority Interest | $0 |
| TOTAL EQUITY | $13M |
| TOTAL LIABILITIES & EQUITY | $23M |
| Total Debt | $6M |
| Net Debt | -$11M |
