| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11M | $8M | $8M | 33.7% | 34.2% |
| Op. Income | -$8M | -$10M | -$7M | 12.1% | -12.3% |
| Gross Margin | 59.7% | 49.7% | 52.9% | 10.0pp | 6.8pp |
| Net Margin | -72.9% | -113.4% | -89.7% | 40.4pp | 16.8pp |
| EPS (Diluted) | $-0.26 | $-0.30 | $-0.27 | 13.3% | 3.7% |
| Free Cash Flow | -$10M | -$1M | -$8M | -867.9% | -32.3% |
| Item | Amount |
|---|---|
| REVENUE | $11M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $7M |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $15M |
| Cost & Expenses | $19M |
| OPERATING INCOME | -$8M |
| Interest Income | $293.0K |
| Interest Expense | $15.0K |
| Other Income/Expenses | $270.0K |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $311.0K |
| EBIT | -$8M |
| EBITDA | -$8M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $311.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $22.0K |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | -$10M |
| Capital Expenditure | -$72.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$72.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$51.0K |
| NET CASH FROM FINANCING | $467.0K |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | -$10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $213M |
| Short-Term Investments | $0 |
| Net Receivables | $11M |
| Inventory | $11M |
| Other Current Assets | $60.0K |
| TOTAL CURRENT ASSETS | $239M |
| PP&E (Net) | $7M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $8M |
| TOTAL ASSETS | $247M |
| Account Payables | $1M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $15M |
| Long-Term Debt | $15M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $12M |
| TOTAL NON-CURRENT LIABILITIES | $30M |
| TOTAL LIABILITIES | $46M |
| Common Stock | $32.0K |
| Additional Paid-In Capital | $319M |
| Retained Earnings | -$118M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $201M |
| Minority Interest | $0 |
| TOTAL EQUITY | $201M |
| TOTAL LIABILITIES & EQUITY | $247M |
| Total Debt | $20M |
| Net Debt | -$193M |
