| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $32M | $34M | $17M | -4.0% | 88.9% |
| Op. Income | -$2M | -$2M | -$848.0K | -19.6% | -145.3% |
| Gross Margin | 42.1% | 42.9% | 45.1% | -0.7pp | -3.0pp |
| Net Margin | -9.9% | -7.1% | -6.9% | -2.8pp | -2.9pp |
| EPS (Diluted) | $-0.09 | $-0.08 | $-0.04 | -22.2% | -123.1% |
| Free Cash Flow | -$1M | -$5M | $1M | 76.8% | -213.2% |
| Item | Amount |
|---|---|
| REVENUE | $32M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $14M |
| R&D Expenses | $4M |
| Selling & Marketing | $605.0K |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $3M |
| Operating Expenses | $16M |
| Cost & Expenses | $34M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $303.0K |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $75.0K |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $2M |
| EBIT | -$3M |
| EBITDA | -$1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$661.0K |
| Capital Expenditure | -$578.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$578.0K |
| Net Debt Issuance | -$12M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$12M |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $23M |
| Short-Term Investments | $0 |
| Net Receivables | $25M |
| Inventory | $33M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $85M |
| PP&E (Net) | $11M |
| Goodwill | $19M |
| Intangible Assets | $16M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $332.0K |
| TOTAL NON-CURRENT ASSETS | $46M |
| TOTAL ASSETS | $131M |
| Account Payables | $16M |
| Short-Term Debt | $2M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $635.0K |
| TOTAL CURRENT LIABILITIES | $33M |
| Long-Term Debt | $15M |
| Deferred Revenue NC | $354.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $23M |
| TOTAL LIABILITIES | $56M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $287M |
| Retained Earnings | -$212M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $371.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $75M |
| Minority Interest | $0 |
| TOTAL EQUITY | $75M |
| TOTAL LIABILITIES & EQUITY | $131M |
| Total Debt | $25M |
| Net Debt | $2M |
