| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | $9M | $11M | -10.1% | -22.4% |
| Op. Income | -$457.0K | -$980.4K | $166.7K | 53.4% | -374.2% |
| Gross Margin | 36.5% | 30.3% | 36.5% | 6.2pp | 0.1pp |
| Net Margin | -6.0% | -11.4% | -2.1% | 5.5pp | -3.9pp |
| EPS (Diluted) | $-0.02 | $-0.04 | $-0.01 | 50.0% | -100.0% |
| Free Cash Flow | $334.5K | $1M | $973.3K | -75.1% | -65.6% |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $3M |
| R&D Expenses | $590.4K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $3M |
| Operating Expenses | $3M |
| Cost & Expenses | $9M |
| OPERATING INCOME | -$457.0K |
| Interest Income | $0 |
| Interest Expense | $55.0K |
| Other Income/Expenses | $125.1K |
| INCOME BEFORE TAX | -$331.9K |
| Income Tax Expense | $163.1K |
| Net Income from Continuing Ops | -$495.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$495.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$495.0K |
| D&A | $924.2K |
| EBIT | -$456.7K |
| EBITDA | $467.5K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$495.0K |
| Depreciation & Amortization | $924.2K |
| Stock-Based Compensation | $240.3K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $48.6K |
| Change in Working Capital | -$208.4K |
| OPERATING CASH FLOW | $509.8K |
| Capital Expenditure | -$175.3K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$175.3K |
| Net Debt Issuance | -$211.8K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $30.0K |
| NET CASH FROM FINANCING | -$181.8K |
| FREE CASH FLOW | $334.5K |
| Net Change in Cash | $188.2K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $8M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $18M |
| PP&E (Net) | $23M |
| Goodwill | $6M |
| Intangible Assets | $5M |
| Long-Term Investments | $0 |
| Tax Assets | $147.0K |
| Other Non-Current Assets | $27.7K |
| TOTAL NON-CURRENT ASSETS | $34M |
| TOTAL ASSETS | $52M |
| Account Payables | $3M |
| Short-Term Debt | $902.6K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $7M |
| Long-Term Debt | $3M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $13M |
| TOTAL LIABILITIES | $20M |
| Common Stock | $270.3K |
| Additional Paid-In Capital | $232M |
| Retained Earnings | -$202M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $32M |
| Minority Interest | $0 |
| TOTAL EQUITY | $32M |
| TOTAL LIABILITIES & EQUITY | $52M |
| Total Debt | $15M |
| Net Debt | $10M |
