| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $19M | $27M | $31M | -29.2% | -39.5% |
| Op. Income | -$39M | -$28M | -$17M | -40.2% | -123.3% |
| Gross Margin | 23.6% | 46.2% | 52.9% | -22.6pp | -29.4pp |
| Net Margin | -338.4% | -287.8% | -55.3% | -50.6pp | -283.1pp |
| EPS (Diluted) | $-0.82 | $-0.99 | $-0.23 | 17.2% | -256.5% |
| Free Cash Flow | -$31M | -$16M | -$19M | -87.9% | -64.2% |
| Item | Amount |
|---|---|
| REVENUE | $19M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $4M |
| R&D Expenses | $13M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $30M |
| Other Expenses | $300.0K |
| Operating Expenses | $43M |
| Cost & Expenses | $57M |
| OPERATING INCOME | -$39M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$27M |
| INCOME BEFORE TAX | -$65M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$64M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$64M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$64M |
| D&A | $4M |
| EBIT | -$64M |
| EBITDA | -$60M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$64M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $27M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$30M |
| Capital Expenditure | -$938.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$137M |
| NET CASH FROM INVESTING | -$138M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $8.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $213M |
| NET CASH FROM FINANCING | $213M |
| FREE CASH FLOW | -$31M |
| Net Change in Cash | $44M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $74M |
| Short-Term Investments | $137M |
| Net Receivables | $11M |
| Inventory | $23M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $251M |
| PP&E (Net) | $63M |
| Goodwill | $106M |
| Intangible Assets | $19M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $190M |
| TOTAL ASSETS | $441M |
| Account Payables | $9M |
| Short-Term Debt | $0 |
| Deferred Revenue | $15M |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $43M |
| Long-Term Debt | $65M |
| Deferred Revenue NC | $21M |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $313M |
| TOTAL NON-CURRENT LIABILITIES | $436M |
| TOTAL LIABILITIES | $479M |
| Common Stock | $79.0K |
| Additional Paid-In Capital | $841M |
| Retained Earnings | -$876M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$37M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$37M |
| TOTAL LIABILITIES & EQUITY | $441M |
| Total Debt | $104M |
| Net Debt | $29M |
