| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $42M | $42M | $42M | 0.6% | 0.9% |
| Op. Income | -$16M | -$15M | -$6M | -5.8% | -168.7% |
| Gross Margin | 63.6% | 63.0% | 62.4% | 0.6pp | 1.1pp |
| Net Margin | -41.3% | -40.6% | -6.5% | -0.7pp | -34.8pp |
| EPS (Diluted) | $-0.13 | $-0.13 | $-0.02 | 0.0% | -493.6% |
| Free Cash Flow | -$24M | -$22M | -$164.0K | -10.8% | -14632.9% |
| Item | Amount |
|---|---|
| REVENUE | $42M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $27M |
| R&D Expenses | $14M |
| Selling & Marketing | $3M |
| General & Administrative | $25M |
| SG&A Expenses | $28M |
| Other Expenses | $0 |
| Operating Expenses | $42M |
| Cost & Expenses | $57M |
| OPERATING INCOME | -$16M |
| Interest Income | $166.0K |
| Interest Expense | $698.0K |
| Other Income/Expenses | $241.0K |
| 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 | $738.0K |
| EBIT | -$15M |
| EBITDA | -$14M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$17M |
| Depreciation & Amortization | $738.0K |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | -$23M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$38M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$40M |
| Net Debt Issuance | -$755.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $510.0K |
| NET CASH FROM FINANCING | -$245.0K |
| FREE CASH FLOW | -$24M |
| Net Change in Cash | -$63M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $56M |
| Short-Term Investments | $35M |
| Net Receivables | $32M |
| Inventory | $0 |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $141M |
| PP&E (Net) | $36M |
| Goodwill | $11M |
| Intangible Assets | $2M |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $26M |
| TOTAL NON-CURRENT ASSETS | $78M |
| TOTAL ASSETS | $219M |
| Account Payables | $2M |
| Short-Term Debt | $6M |
| Deferred Revenue | $52M |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $98M |
| Long-Term Debt | $33M |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $59M |
| TOTAL LIABILITIES | $156M |
| Common Stock | $13.0K |
| Additional Paid-In Capital | $426M |
| Retained Earnings | -$357M |
| Treasury Stock | -$5M |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $63M |
| Minority Interest | $0 |
| TOTAL EQUITY | $63M |
| TOTAL LIABILITIES & EQUITY | $219M |
| Total Debt | $62M |
| Net Debt | $6M |
