| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $41M | $42M | $43M | -2.2% | -4.5% |
| Op. Income | -$15M | -$16M | -$6M | 4.2% | -152.9% |
| Gross Margin | 64.2% | 63.6% | 64.7% | 0.7pp | -0.5pp |
| Net Margin | -47.4% | -41.3% | -58.5% | -6.0pp | 11.1pp |
| EPS (Diluted) | $-0.15 | $-0.13 | $-0.24 | -15.4% | 37.5% |
| Free Cash Flow | -$595.0K | -$24M | -$8M | 97.5% | 92.4% |
| Item | Amount |
|---|---|
| REVENUE | $41M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $26M |
| R&D Expenses | $14M |
| Selling & Marketing | $3M |
| General & Administrative | $24M |
| SG&A Expenses | $26M |
| Other Expenses | $884.0K |
| Operating Expenses | $41M |
| Cost & Expenses | $56M |
| OPERATING INCOME | -$15M |
| Interest Income | $322.0K |
| Interest Expense | $841.0K |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$18M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$19M |
| D&A | $521.0K |
| EBIT | -$17M |
| EBITDA | -$17M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$19M |
| Depreciation & Amortization | $521.0K |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $11M |
| OPERATING CASH FLOW | $1M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$9M |
| Sales/Maturities of Investments | $6M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | -$752.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $939.0K |
| FREE CASH FLOW | -$595.0K |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $53M |
| Short-Term Investments | $40M |
| Net Receivables | $23M |
| Inventory | $0 |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $134M |
| PP&E (Net) | $37M |
| Goodwill | $11M |
| Intangible Assets | $1M |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $26M |
| TOTAL NON-CURRENT ASSETS | $77M |
| TOTAL ASSETS | $211M |
| Account Payables | $6M |
| Short-Term Debt | $7M |
| Deferred Revenue | $58M |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $103M |
| Long-Term Debt | $31M |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $56M |
| TOTAL LIABILITIES | $159M |
| Common Stock | $13.0K |
| Additional Paid-In Capital | $433M |
| Retained Earnings | -$376M |
| Treasury Stock | -$5M |
| Accum. Other Comp. Income | -$741.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $52M |
| Minority Interest | $0 |
| TOTAL EQUITY | $52M |
| TOTAL LIABILITIES & EQUITY | $211M |
| Total Debt | $62M |
| Net Debt | $9M |
