| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $1M | $719.0K | 6.9% | 103.8% |
| Op. Income | -$978.0K | -$2M | -$972.0K | 47.0% | -0.6% |
| Gross Margin | 13.9% | 10.9% | -3.1% | 2.9pp | 16.9pp |
| Net Margin | -35.4% | -133.8% | -96.9% | 98.5pp | 61.6pp |
| EPS (Diluted) | $-0.12 | $-0.42 | $-0.17 | 71.4% | 29.4% |
| Free Cash Flow | -$638.0K | -$918.0K | $47.0K | 30.5% | -1457.5% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $203.0K |
| R&D Expenses | $404.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $777.0K |
| Other Expenses | $0 |
| Operating Expenses | $1M |
| Cost & Expenses | $2M |
| OPERATING INCOME | -$978.0K |
| Interest Income | $0 |
| Interest Expense | $91.0K |
| Other Income/Expenses | $453.0K |
| INCOME BEFORE TAX | -$525.0K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$525.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$518.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$518.0K |
| D&A | $221.0K |
| EBIT | -$434.0K |
| EBITDA | -$213.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$518.0K |
| Depreciation & Amortization | $221.0K |
| Stock-Based Compensation | $43.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $243.0K |
| Change in Working Capital | -$596.0K |
| OPERATING CASH FLOW | -$607.0K |
| Capital Expenditure | -$31.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$31.0K |
| Net Debt Issuance | -$130.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$130.0K |
| FREE CASH FLOW | -$638.0K |
| Net Change in Cash | -$751.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $0 |
| Net Receivables | $811.0K |
| Inventory | $4M |
| Other Current Assets | $90.0K |
| TOTAL CURRENT ASSETS | $10M |
| PP&E (Net) | $7M |
| Goodwill | $0 |
| Intangible Assets | $122.0K |
| Long-Term Investments | $1M |
| Tax Assets | $0 |
| Other Non-Current Assets | $164.0K |
| TOTAL NON-CURRENT ASSETS | $8M |
| TOTAL ASSETS | $17M |
| Account Payables | $757.0K |
| Short-Term Debt | $5M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $9M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $13M |
| Common Stock | $0 |
| Additional Paid-In Capital | $182M |
| Retained Earnings | -$182M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4M |
| Minority Interest | $31.0K |
| TOTAL EQUITY | $4M |
| TOTAL LIABILITIES & EQUITY | $17M |
| Total Debt | $9M |
| Net Debt | $5M |
