Q4 2021 Earnings

Reported December 31, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q4 2021	Q3 2021	Q4 2020	QoQ Change	YoY Change
Revenue	$9M	$10M	$8M	-2.3%	10.9%
Op. Income	-$268.0K	-$1.4K	$921.3K	-18485.3%	-129.1%
Gross Margin	35.8%	—	46.9%	—	-11.1pp
Net Margin	-7.8%	-0.0%	6.4%	-7.8pp	-14.2pp
EPS (Diluted)	$-0.01	$-0.01	$0.01	-139.3%	-235.4%

Income Statement

Item	Amount
REVENUE	$9M
Cost of Revenue	$6M
GROSS PROFIT	$3M
R&D Expenses	$541.3K
Selling & Marketing	$2M
General & Administrative	$1M
SG&A Expenses	$3M
Other Expenses	$0
Operating Expenses	$4M
Cost & Expenses	$10M
OPERATING INCOME	-$268.0K
Interest Income	$0
Interest Expense	$82.5K
Other Income/Expenses	-$222.0K
INCOME BEFORE TAX	-$490.0K
Income Tax Expense	$237.7K
Net Income from Continuing Ops	-$728.0K
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$728.0K
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$728.0K
D&A	$295.5K
EBIT	-$268.0K
EBITDA	$27.3K
EPS	-$0
EPS Diluted	-$0