| Metric | Q2 2011 | Q1 2011 | Q2 2010 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | — | $3M | — | 171.8% |
| Op. Income | -$4M | — | -$8M | — | 44.7% |
| Gross Margin | 86.0% | — | 20.7% | — | 65.4pp |
| Net Margin | -59.5% | — | -316.2% | — | 256.7pp |
| EPS (Diluted) | $-0.11 | — | $-0.21 | — | 47.2% |
| Free Cash Flow | $7M | — | -$8M | — | 191.4% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $959.0K |
| GROSS PROFIT | $6M |
| R&D Expenses | $0 |
| Selling & Marketing | $6M |
| General & Administrative | $0 |
| SG&A Expenses | $6M |
| Other Expenses | $5M |
| Operating Expenses | $10M |
| Cost & Expenses | $11M |
| OPERATING INCOME | -$4M |
| Interest Income | $553.3K |
| Interest Expense | $304.4K |
| Other Income/Expenses | $345.4K |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $527.5K |
| EBIT | -$4M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $527.5K |
| Stock-Based Compensation | $128.2K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$160.4K |
| Change in Working Capital | $11M |
| OPERATING CASH FLOW | $8M |
| Capital Expenditure | -$188.5K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $1M |
| Net Debt Issuance | -$421.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$385.8K |
| FREE CASH FLOW | $7M |
| Net Change in Cash | $17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $35M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $39M |
| PP&E (Net) | $8M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $9M |
| TOTAL ASSETS | $49M |
| Account Payables | $7M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $9M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $6M |
| TOTAL LIABILITIES | $16M |
| Common Stock | $2M |
| Additional Paid-In Capital | $127M |
| Retained Earnings | -$96M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | -$28.1K |
| TOTAL STOCKHOLDERS' EQUITY | $33M |
| Minority Interest | $0 |
| TOTAL EQUITY | $33M |
| TOTAL LIABILITIES & EQUITY | $49M |
| Total Debt | $0 |
| Net Debt | -$35M |
