| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12M | $12M | $10M | 2.9% | 20.2% |
| Op. Income | -$5M | -$6M | -$4M | 10.0% | -39.5% |
| Gross Margin | -9.6% | -13.9% | 1.2% | 4.3pp | -10.8pp |
| Net Margin | -47.4% | -11.9% | -38.9% | -35.6pp | -8.6pp |
| EPS (Diluted) | $-0.06 | $-0.02 | $-0.04 | -311.2% | -44.3% |
| Free Cash Flow | -$9M | -$3M | -$6M | -229.0% | -62.5% |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $13M |
| GROSS PROFIT | -$1M |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$817.9K |
| Operating Expenses | $4M |
| Cost & Expenses | $17M |
| OPERATING INCOME | -$5M |
| Interest Income | $12.6K |
| Interest Expense | $0 |
| Other Income/Expenses | -$141.1K |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | $36.0K |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $267.7K |
| EBIT | -$5M |
| EBITDA | -$5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $267.7K |
| Stock-Based Compensation | $417.0K |
| Deferred Income Tax | $35.8K |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$80.6K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$500.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$495.7K |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$9M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14M |
| Short-Term Investments | $5M |
| Net Receivables | $12M |
| Inventory | $7M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $40M |
| PP&E (Net) | $6M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $10M |
| Tax Assets | $0 |
| Other Non-Current Assets | $170.9K |
| TOTAL NON-CURRENT ASSETS | $16M |
| TOTAL ASSETS | $56M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $4M |
| Other Current Liabilities | $472.6K |
| TOTAL CURRENT LIABILITIES | $15M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $250.8K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $20M |
| Common Stock | $918.0K |
| Additional Paid-In Capital | $360M |
| Retained Earnings | -$326M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $36M |
| Minority Interest | -$172.6K |
| TOTAL EQUITY | $35M |
| TOTAL LIABILITIES & EQUITY | $56M |
| Total Debt | $4M |
| Net Debt | -$10M |
