| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $42M | $43M | $38M | -2.3% | 10.6% |
| Op. Income | -$15M | -$12M | -$9M | -17.9% | -70.4% |
| Gross Margin | 63.0% | 62.7% | 58.7% | 0.3pp | 4.3pp |
| Net Margin | -40.6% | -37.3% | -41.2% | -3.3pp | 0.7pp |
| EPS (Diluted) | $-0.13 | $-0.12 | $-0.13 | -8.3% | 0.0% |
| Free Cash Flow | -$22M | -$12M | -$8M | -76.9% | -178.8% |
| Item | Amount |
|---|---|
| REVENUE | $42M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $26M |
| R&D Expenses | $15M |
| Selling & Marketing | $15M |
| General & Administrative | $11M |
| SG&A Expenses | $26M |
| Other Expenses | $0 |
| Operating Expenses | $41M |
| Cost & Expenses | $56M |
| OPERATING INCOME | -$15M |
| Interest Expense | $182.0K |
| Other Income/Expenses | -$182.0K |
| INCOME BEFORE TAX | -$15M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$17M |
| D&A | $615.0K |
| EBIT | -$15M |
| EBITDA | -$14M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$17M |
| Depreciation & Amortization | $615.0K |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$11M |
| OPERATING CASH FLOW | -$20M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$878.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $119.0K |
| NET CASH FROM FINANCING | -$759.0K |
| FREE CASH FLOW | -$22M |
| Net Change in Cash | -$24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $120M |
| Short-Term Investments | $0 |
| Net Receivables | $20M |
| Inventory | $0 |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $157M |
| PP&E (Net) | $15M |
| Goodwill | $11M |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $24M |
| TOTAL NON-CURRENT ASSETS | $52M |
| TOTAL ASSETS | $209M |
| Account Payables | $5M |
| Short-Term Debt | $4M |
| Deferred Revenue | $49M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $92M |
| Long-Term Debt | $34M |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $42M |
| TOTAL LIABILITIES | $134M |
| Common Stock | $13.0K |
| Additional Paid-In Capital | $419M |
| Retained Earnings | -$340M |
| Treasury Stock | -$5M |
| Accum. Other Comp. Income | $523.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $75M |
| Minority Interest | $0 |
| TOTAL EQUITY | $75M |
| TOTAL LIABILITIES & EQUITY | $209M |
| Total Debt | $42M |
| Net Debt | -$77M |
