| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $165M | $164M | $167M | 1.1% | -1.1% |
| Op. Income | -$49M | -$87M | -$18M | 43.5% | -181.5% |
| Gross Margin | -17.9% | 14.6% | 1.1% | -32.4pp | -18.9pp |
| Net Margin | -29.1% | -53.7% | -9.8% | 24.5pp | -19.3pp |
| EPS (Diluted) | $-1.83 | $-3.32 | $-0.59 | 44.9% | -210.2% |
| Free Cash Flow | $28M | -$13M | -$33M | 319.8% | 186.1% |
| Item | Amount |
|---|---|
| REVENUE | $165M |
| Cost of Revenue | $195M |
| GROSS PROFIT | -$30M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $18M |
| SG&A Expenses | $18M |
| Other Expenses | $2M |
| Operating Expenses | $20M |
| Cost & Expenses | $215M |
| OPERATING INCOME | -$49M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$49M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | -$48M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$48M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$48M |
| D&A | $2M |
| EBIT | -$47M |
| EBITDA | -$45M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$48M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $499.0K |
| Deferred Income Tax | -$786.0K |
| Other Non-Cash Items | $968.0K |
| Change in Working Capital | $77M |
| OPERATING CASH FLOW | $32M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$29M |
| Sales/Maturities of Investments | $13M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$19M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | -$2M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | $28M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $298M |
| Short-Term Investments | $633M |
| Net Receivables | $957M |
| Inventory | $0 |
| Other Current Assets | -$2.3B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $48M |
| Goodwill | $0 |
| Intangible Assets | $51M |
| Long-Term Investments | $635M |
| Tax Assets | $0 |
| Other Non-Current Assets | -$734M |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $2.5B |
| Account Payables | $289M |
| Short-Term Debt | $92M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$399M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $30M |
| Deferred Revenue NC | $40M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$99M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $2.4B |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $334M |
| Retained Earnings | -$32M |
| Treasury Stock | -$130M |
| Accum. Other Comp. Income | -$55M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $118M |
| Minority Interest | $0 |
| TOTAL EQUITY | $118M |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $150M |
| Net Debt | -$147M |
