| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10M | — | $10M | — | 2.2% |
| Op. Income | $2M | — | $2M | — | -24.0% |
| Gross Margin | 33.0% | — | 33.2% | — | -0.2pp |
| Net Margin | 17.8% | — | 14.2% | — | 3.6pp |
| EPS (Diluted) | $0.15 | — | $0.12 | — | 25.0% |
| Free Cash Flow | -$85.1K | — | -$774.9K | — | 89.0% |
| Item | Amount |
|---|---|
| REVENUE | $10M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $3M |
| R&D Expenses | $743.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $9M |
| OPERATING INCOME | $2M |
| Interest Income | $0 |
| Interest Expense | $247.0K |
| Other Income/Expenses | $449.7K |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $94.8K |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $933.4K |
| BOTTOM LINE NET INCOME | $933.4K |
| D&A | $356.9K |
| EBIT | $2M |
| EBITDA | $3M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $10M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $3M |
| R&D Expenses | $743.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $9M |
| OPERATING INCOME | $2M |
| Interest Income | $0 |
| Interest Expense | $247.0K |
| Other Income/Expenses | $449.7K |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $94.8K |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $933.4K |
| BOTTOM LINE NET INCOME | $933.4K |
| D&A | $356.9K |
| EBIT | $2M |
| EBITDA | $3M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $356.9K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$621.1K |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$77.2K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $248.9K |
| NET CASH FROM FINANCING | $171.7K |
| FREE CASH FLOW | -$85.1K |
| Net Change in Cash | $58.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $544.7K |
| Short-Term Investments | $0 |
| Net Receivables | $7M |
| Inventory | $3M |
| Other Current Assets | $280.0K |
| TOTAL CURRENT ASSETS | $13M |
| PP&E (Net) | $6M |
| Goodwill | $0 |
| Intangible Assets | $676.4K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $10M |
| TOTAL ASSETS | $23M |
| Account Payables | $2M |
| Short-Term Debt | $5M |
| Deferred Revenue | $109.2K |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $10M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $184.7K |
| TOTAL NON-CURRENT LIABILITIES | $299.8K |
| TOTAL LIABILITIES | $10M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $609.0K |
| Retained Earnings | $12M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $451.5K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $13M |
| Minority Interest | $0 |
| TOTAL EQUITY | $13M |
| TOTAL LIABILITIES & EQUITY | $23M |
| Total Debt | $6M |
| Net Debt | $5M |
