| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10M | $12M | $7M | -17.1% | 35.2% |
| Op. Income | -$9M | -$4M | -$4M | -110.1% | -97.8% |
| Gross Margin | 88.3% | 90.8% | 89.0% | -2.5pp | -0.6pp |
| Net Margin | -86.0% | -35.1% | -62.2% | -50.9pp | -23.8pp |
| EPS (Diluted) | $-0.08 | $-0.04 | $-0.05 | -95.7% | -46.9% |
| Free Cash Flow | -$6M | -$10M | -$5M | 39.3% | -10.0% |
| Item | Amount |
|---|---|
| REVENUE | $10M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $8M |
| R&D Expenses | $5M |
| Selling & Marketing | $5M |
| General & Administrative | $7M |
| SG&A Expenses | $12M |
| Other Expenses | $497.1K |
| Operating Expenses | $17M |
| Cost & Expenses | $18M |
| OPERATING INCOME | -$9M |
| Interest Income | $478.7K |
| Interest Expense | $0 |
| Other Income/Expenses | $478.7K |
| 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 | $547.6K |
| EBIT | -$9M |
| EBITDA | -$8M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $547.6K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$154.3K |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $918.6K |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$132M |
| Sales/Maturities of Investments | $7M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$132M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $325.5K |
| NET CASH FROM FINANCING | $325.5K |
| FREE CASH FLOW | -$6M |
| Net Change in Cash | -$131M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $109M |
| Short-Term Investments | $132M |
| Net Receivables | $8M |
| Inventory | $8M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $258M |
| PP&E (Net) | $31M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $920.5K |
| TOTAL NON-CURRENT ASSETS | $32M |
| TOTAL ASSETS | $290M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $7M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $18M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $393.0K |
| TOTAL NON-CURRENT LIABILITIES | $14M |
| TOTAL LIABILITIES | $33M |
| Common Stock | $1M |
| Additional Paid-In Capital | $383M |
| Retained Earnings | -$127M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $257M |
| Minority Interest | $0 |
| TOTAL EQUITY | $257M |
| TOTAL LIABILITIES & EQUITY | $290M |
| Total Debt | $14M |
| Net Debt | -$95M |
