| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $118M | $108M | $105M | 9.3% | 13.3% |
| Op. Income | -$5M | -$2M | -$10M | -156.9% | 55.0% |
| Gross Margin | 29.5% | 29.0% | 25.1% | 0.5pp | 4.4pp |
| Net Margin | -4.6% | -2.2% | -17.0% | -2.3pp | 12.4pp |
| EPS (Diluted) | $-0.30 | $-0.13 | $-1.01 | -130.8% | 70.3% |
| Free Cash Flow | -$5M | -$9M | -$18M | 43.9% | 71.2% |
| Item | Amount |
|---|---|
| REVENUE | $118M |
| Cost of Revenue | $83M |
| GROSS PROFIT | $35M |
| R&D Expenses | $0 |
| Selling & Marketing | $28M |
| General & Administrative | $11M |
| SG&A Expenses | $39M |
| Other Expenses | $153.0K |
| Operating Expenses | $40M |
| Cost & Expenses | $123M |
| OPERATING INCOME | -$5M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$722.0K |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | $126.0K |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $6M |
| EBIT | -$3M |
| EBITDA | $3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | $807.0K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $878.0K |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$88.0K |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $0 |
| Net Receivables | $48M |
| Inventory | $87M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $154M |
| PP&E (Net) | $173M |
| Goodwill | $0 |
| Intangible Assets | $17M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $193M |
| TOTAL ASSETS | $347M |
| Account Payables | $54M |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $88M |
| Long-Term Debt | $86M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $44M |
| TOTAL NON-CURRENT LIABILITIES | $153M |
| TOTAL LIABILITIES | $241M |
| Common Stock | $18M |
| Additional Paid-In Capital | $68M |
| Retained Earnings | $58M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$39M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $105M |
| Minority Interest | $0 |
| TOTAL EQUITY | $105M |
| TOTAL LIABILITIES & EQUITY | $347M |
| Total Debt | $118M |
| Net Debt | $115M |
