| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $36M | $40M | $38M | -8.9% | -4.1% |
| Op. Income | -$31M | -$43M | -$44M | 28.1% | 29.6% |
| Gross Margin | 97.3% | 97.6% | 98.4% | -0.3pp | -1.1pp |
| Net Margin | -100.5% | -123.6% | -137.5% | 23.2pp | 37.0pp |
| EPS (Diluted) | $-0.45 | $-0.62 | $-0.69 | 27.4% | 34.8% |
| Free Cash Flow | -$28M | -$35M | -$24M | 19.2% | -18.6% |
| Item | Amount |
|---|---|
| REVENUE | $36M |
| Cost of Revenue | $980.0K |
| GROSS PROFIT | $35M |
| R&D Expenses | $31M |
| Selling & Marketing | $0 |
| General & Administrative | $35M |
| SG&A Expenses | $35M |
| Other Expenses | $0 |
| Operating Expenses | $66M |
| Cost & Expenses | $67M |
| OPERATING INCOME | -$31M |
| Interest Income | $658.0K |
| Interest Expense | $6M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | -$36M |
| Income Tax Expense | $45.0K |
| Net Income from Continuing Ops | -$36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$36M |
| D&A | $182.0K |
| EBIT | -$30M |
| EBITDA | -$30M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$36M |
| Depreciation & Amortization | $182.0K |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$87.0K |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | -$28M |
| Capital Expenditure | -$39.0K |
| Acquisitions (Net) | -$12M |
| Purchases of Investments | -$30M |
| Sales/Maturities of Investments | $42M |
| Other Investing Activities | $12M |
| NET CASH FROM INVESTING | $12M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $11.0K |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | -$28M |
| Net Change in Cash | -$11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $71M |
| Short-Term Investments | $77M |
| Net Receivables | $27M |
| Inventory | $4M |
| Other Current Assets | $33M |
| TOTAL CURRENT ASSETS | $223M |
| PP&E (Net) | $8M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $626.0K |
| TOTAL NON-CURRENT ASSETS | $9M |
| TOTAL ASSETS | $231M |
| Account Payables | $813.0K |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $62M |
| Long-Term Debt | $170M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $133M |
| TOTAL NON-CURRENT LIABILITIES | $310M |
| TOTAL LIABILITIES | $372M |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$752.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$140M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$140M |
| TOTAL LIABILITIES & EQUITY | $231M |
| Total Debt | $180M |
| Net Debt | $108M |
