| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $711.0K | — | $918.0K | — | -22.5% |
| Op. Income | -$35M | — | -$20M | — | -74.7% |
| Gross Margin | -4106.2% | — | 100.0% | — | -4206.2pp |
| Net Margin | -5306.9% | — | -2256.0% | — | -3050.9pp |
| EPS (Diluted) | $-0.97 | — | $-0.55 | — | -76.4% |
| Free Cash Flow | -$27M | — | -$23M | — | -19.5% |
| Item | Amount |
|---|---|
| REVENUE | $711.0K |
| Cost of Revenue | $30M |
| GROSS PROFIT | -$29M |
| R&D Expenses | $30M |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | $17.0K |
| Operating Expenses | $35M |
| Cost & Expenses | $35M |
| OPERATING INCOME | -$35M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$38M |
| Income Tax Expense | $4.0K |
| Net Income from Continuing Ops | -$38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$38M |
| D&A | $324.0K |
| EBIT | -$35M |
| EBITDA | -$34M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$38M |
| Depreciation & Amortization | $307.0K |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | -$27M |
| Capital Expenditure | -$322.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$322.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $60M |
| NET CASH FROM FINANCING | $60M |
| FREE CASH FLOW | -$27M |
| Net Change in Cash | $33M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $176M |
| Short-Term Investments | $0 |
| Net Receivables | $284.0K |
| Inventory | $0 |
| Other Current Assets | $609.0K |
| TOTAL CURRENT ASSETS | $182M |
| PP&E (Net) | $8M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $12M |
| TOTAL ASSETS | $193M |
| Account Payables | $9M |
| Short-Term Debt | $2M |
| Deferred Revenue | $717.0K |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $24M |
| Long-Term Debt | $174M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $174M |
| TOTAL LIABILITIES | $198M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$296M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $291M |
| TOTAL STOCKHOLDERS' EQUITY | -$5M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$5M |
| TOTAL LIABILITIES & EQUITY | $193M |
| Total Debt | $176M |
| Net Debt | -$689.0K |
