| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $19M | $18M | $16M | 4.0% | 20.8% |
| Op. Income | -$2M | -$5M | -$8M | 50.7% | 70.7% |
| Gross Margin | 8.1% | -6.9% | -33.8% | 15.0pp | 41.9pp |
| Net Margin | -13.3% | -23.5% | -41.5% | 10.2pp | 28.2pp |
| EPS (Diluted) | $-0.02 | $-0.24 | $-0.00 | 91.3% | -9859.2% |
| Free Cash Flow | $8M | -$24M | -$7M | 132.3% | 210.6% |
| Item | Amount |
|---|---|
| REVENUE | $19M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $2M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | $259.0K |
| Operating Expenses | $4M |
| Cost & Expenses | $21M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $127.0K |
| Other Income/Expenses | $19.0K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $354.0K |
| 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 | $259.0K |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $259.0K |
| Stock-Based Compensation | $124.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$151.0K |
| Change in Working Capital | $15M |
| OPERATING CASH FLOW | $13M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | $8M |
| Net Change in Cash | $12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $21M |
| Short-Term Investments | $0 |
| Net Receivables | $20M |
| Inventory | $0 |
| Other Current Assets | $15M |
| TOTAL CURRENT ASSETS | $55M |
| PP&E (Net) | $14M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $14M |
| TOTAL ASSETS | $69M |
| Account Payables | $18M |
| Short-Term Debt | $12M |
| Deferred Revenue | $44M |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $98M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $27M |
| TOTAL NON-CURRENT LIABILITIES | $30M |
| TOTAL LIABILITIES | $128M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $15M |
| Retained Earnings | -$73M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$59M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$59M |
| TOTAL LIABILITIES & EQUITY | $69M |
| Total Debt | $15M |
| Net Debt | -$6M |
