| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $100M | — | $68M | — | 47.5% |
| Op. Income | -$9M | — | -$640.3K | — | -1230.2% |
| Gross Margin | 3.9% | — | 7.1% | — | -3.3pp |
| Net Margin | -8.0% | — | -1.0% | — | -7.0pp |
| EPS (Diluted) | $-0.30 | — | $-0.03 | — | -916.9% |
| Free Cash Flow | -$17M | — | -$16M | — | -5.6% |
| Item | Amount |
|---|---|
| REVENUE | $100M |
| Cost of Revenue | $96M |
| GROSS PROFIT | $4M |
| R&D Expenses | $0 |
| Selling & Marketing | $6M |
| General & Administrative | $4M |
| SG&A Expenses | $12M |
| Other Expenses | $0 |
| Operating Expenses | $12M |
| Cost & Expenses | $109M |
| OPERATING INCOME | -$9M |
| Interest Income | $172.4K |
| Interest Expense | $60.0K |
| Other Income/Expenses | $171.2K |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | -$311.0K |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $858.5K |
| EBIT | -$8M |
| EBITDA | -$7M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $858.5K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$311.0K |
| Other Non-Cash Items | $17M |
| Change in Working Capital | -$11M |
| OPERATING CASH FLOW | -$16M |
| Capital Expenditure | -$686.6K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$686.6K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $6M |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | -$11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10M |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $29M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $46M |
| PP&E (Net) | $6M |
| Goodwill | $0 |
| Intangible Assets | $989.0K |
| Long-Term Investments | $5M |
| Tax Assets | $560.6K |
| Other Non-Current Assets | $267.6K |
| TOTAL NON-CURRENT ASSETS | $12M |
| TOTAL ASSETS | $58M |
| Account Payables | $7M |
| Short-Term Debt | $3M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $17M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $20M |
| Common Stock | $3.1K |
| Additional Paid-In Capital | $48M |
| Retained Earnings | -$11M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $292.5K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $37M |
| Minority Interest | $0 |
| TOTAL EQUITY | $37M |
| TOTAL LIABILITIES & EQUITY | $58M |
| Total Debt | $7M |
| Net Debt | -$3M |
