| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $1M | $1M | 48.5% | 80.4% |
| Op. Income | -$379.0K | -$978.0K | -$507.0K | 61.2% | 25.2% |
| Gross Margin | 24.0% | 13.9% | 20.0% | 10.2pp | 4.1pp |
| Net Margin | -7.9% | -35.4% | -21.1% | 27.5pp | 13.2pp |
| EPS (Diluted) | $-0.04 | $-0.12 | $-0.06 | 66.7% | 36.7% |
| Free Cash Flow | -$442.0K | -$638.0K | -$769.0K | 30.7% | 42.5% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $523.0K |
| R&D Expenses | $295.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $746.0K |
| Other Expenses | -$139.0K |
| Operating Expenses | $902.0K |
| Cost & Expenses | $3M |
| OPERATING INCOME | -$379.0K |
| Interest Income | $0 |
| Interest Expense | $92.0K |
| Other Income/Expenses | $227.0K |
| INCOME BEFORE TAX | -$152.0K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$152.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$172.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$172.0K |
| D&A | $217.0K |
| EBIT | -$60.0K |
| EBITDA | $157.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$172.0K |
| Depreciation & Amortization | $217.0K |
| Stock-Based Compensation | $154.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $316.0K |
| Change in Working Capital | -$939.0K |
| OPERATING CASH FLOW | -$424.0K |
| Capital Expenditure | -$18.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $133.0K |
| NET CASH FROM INVESTING | $115.0K |
| 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 | -$442.0K |
| Net Change in Cash | -$372.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $0 |
| Net Receivables | $1M |
| Inventory | $4M |
| Other Current Assets | $89.0K |
| TOTAL CURRENT ASSETS | $10M |
| PP&E (Net) | $7M |
| Goodwill | $0 |
| Intangible Assets | $112.0K |
| Long-Term Investments | $1M |
| Tax Assets | $0 |
| Other Non-Current Assets | $172.0K |
| TOTAL NON-CURRENT ASSETS | $8M |
| TOTAL ASSETS | $18M |
| Account Payables | $997.0K |
| Short-Term Debt | $5M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $10M |
| 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 | $51.0K |
| TOTAL EQUITY | $4M |
| TOTAL LIABILITIES & EQUITY | $18M |
| Total Debt | $9M |
| Net Debt | $5M |
