| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $34M | $28M | $17M | 21.6% | 103.1% |
| Op. Income | -$2M | -$2M | -$1M | 1.2% | -31.5% |
| Gross Margin | 42.9% | 45.0% | 42.2% | -2.1pp | 0.7pp |
| Net Margin | -7.1% | -8.2% | -8.8% | 1.1pp | 1.7pp |
| EPS (Diluted) | $-0.08 | $-0.08 | $-0.05 | 3.7% | -47.7% |
| Free Cash Flow | -$5M | -$633.0K | $107.0K | -742.3% | -5083.2% |
| Item | Amount |
|---|---|
| REVENUE | $34M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $14M |
| R&D Expenses | $4M |
| Selling & Marketing | $371.0K |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | $3M |
| Operating Expenses | $16M |
| Cost & Expenses | $35M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $595.0K |
| Other Income/Expenses | -$550.0K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $106.0K |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $2M |
| EBIT | -$2M |
| EBITDA | -$21.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$443.0K |
| Acquisitions (Net) | $346.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$97.0K |
| Net Debt Issuance | -$440.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $31M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | $26M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $36M |
| Short-Term Investments | $0 |
| Net Receivables | $26M |
| Inventory | $29M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $94M |
| PP&E (Net) | $4M |
| Goodwill | $19M |
| Intangible Assets | $18M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $251.0K |
| TOTAL NON-CURRENT ASSETS | $40M |
| TOTAL ASSETS | $134M |
| Account Payables | $13M |
| Short-Term Debt | $1M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $635.0K |
| TOTAL CURRENT LIABILITIES | $30M |
| Long-Term Debt | $27M |
| Deferred Revenue NC | $366.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $28M |
| TOTAL LIABILITIES | $58M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $285M |
| Retained Earnings | -$209M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $371.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $77M |
| Minority Interest | $0 |
| TOTAL EQUITY | $77M |
| TOTAL LIABILITIES & EQUITY | $134M |
| Total Debt | $30M |
| Net Debt | -$7M |
