| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $71M | $73M | $75M | -1.9% | -4.6% |
| Op. Income | -$22M | -$37M | $11M | 41.2% | -296.0% |
| Gross Margin | 76.3% | 75.5% | 79.4% | 0.9pp | -3.1pp |
| Net Margin | -38.7% | -62.6% | 8.3% | 24.0pp | -47.0pp |
| EPS (Diluted) | $-0.58 | $-0.96 | $0.13 | 39.6% | -546.2% |
| Free Cash Flow | -$33M | -$22M | $8M | -50.7% | -513.4% |
| Item | Amount |
|---|---|
| REVENUE | $71M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $54M |
| R&D Expenses | $29M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $47M |
| Other Expenses | $0 |
| Operating Expenses | $76M |
| Cost & Expenses | $93M |
| OPERATING INCOME | -$22M |
| Interest Income | $744.0K |
| Interest Expense | $3M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$27M |
| Income Tax Expense | $247.0K |
| Net Income from Continuing Ops | -$28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$28M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$28M |
| D&A | $11M |
| EBIT | -$24M |
| EBITDA | -$13M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$28M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | -$5.0K |
| Other Non-Cash Items | $265.0K |
| Change in Working Capital | -$20M |
| OPERATING CASH FLOW | -$27M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$10M |
| Sales/Maturities of Investments | $41M |
| Other Investing Activities | $2.0K |
| NET CASH FROM INVESTING | $24M |
| Net Debt Issuance | -$144.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$445.0K |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$33M |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $104M |
| Short-Term Investments | $258M |
| Net Receivables | $35M |
| Inventory | $34M |
| Other Current Assets | $18M |
| TOTAL CURRENT ASSETS | $449M |
| PP&E (Net) | $161M |
| Goodwill | $66M |
| Intangible Assets | $314M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $19M |
| TOTAL NON-CURRENT ASSETS | $560M |
| TOTAL ASSETS | $1.0B |
| Account Payables | $11M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $61M |
| Long-Term Debt | $281M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $399M |
| TOTAL LIABILITIES | $460M |
| Common Stock | $48.0K |
| Additional Paid-In Capital | $985M |
| Retained Earnings | -$433M |
| Treasury Stock | -$132.0K |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $549M |
| Minority Interest | $0 |
| TOTAL EQUITY | $549M |
| TOTAL LIABILITIES & EQUITY | $1.0B |
| Total Debt | $383M |
| Net Debt | $278M |
