| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $26M | $31M | $37M | -15.2% | -30.0% |
| Op. Income | -$16M | -$17M | -$17M | 6.0% | 10.7% |
| Gross Margin | 5.8% | 13.8% | 0.9% | -8.0pp | 4.9pp |
| Net Margin | -40.5% | -40.6% | -46.9% | 0.1pp | 6.3pp |
| EPS (Diluted) | $-0.21 | $-0.30 | $-0.38 | 30.0% | 44.7% |
| Free Cash Flow | -$19M | -$33M | -$19M | 41.3% | -0.3% |
| Item | Amount |
|---|---|
| REVENUE | $26M |
| Cost of Revenue | $24M |
| GROSS PROFIT | $2M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | $13M |
| Operating Expenses | $17M |
| Cost & Expenses | $42M |
| OPERATING INCOME | -$16M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | -$524.0K |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $5M |
| EBIT | -$16M |
| EBITDA | -$12M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $123.0K |
| Deferred Income Tax | -$524.0K |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | -$72.0K |
| OPERATING CASH FLOW | -$10M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | -$817.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $27M |
| NET CASH FROM FINANCING | $26M |
| FREE CASH FLOW | -$19M |
| Net Change in Cash | $11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $55M |
| Short-Term Investments | $1M |
| Net Receivables | $2M |
| Inventory | $30M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $96M |
| PP&E (Net) | $347M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $93M |
| Tax Assets | $0 |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $449M |
| TOTAL ASSETS | $545M |
| Account Payables | $0 |
| Short-Term Debt | $4M |
| Deferred Revenue | $5M |
| Other Current Liabilities | $48M |
| TOTAL CURRENT LIABILITIES | $58M |
| Long-Term Debt | $60M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $28M |
| TOTAL NON-CURRENT LIABILITIES | $89M |
| TOTAL LIABILITIES | $147M |
| Common Stock | $1.6B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $360M |
| Minority Interest | $38M |
| TOTAL EQUITY | $398M |
| TOTAL LIABILITIES & EQUITY | $545M |
| Total Debt | $66M |
| Net Debt | $11M |
