| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $129M | $125M | $121M | 3.0% | 6.1% |
| Op. Income | -$40M | -$40M | -$40M | 0.5% | 0.5% |
| Gross Margin | 38.0% | 35.1% | 38.9% | 2.8pp | -1.0pp |
| Net Margin | -28.6% | -28.2% | -16.8% | -0.4pp | -11.8pp |
| EPS (Diluted) | $-1.50 | $-1.40 | $-0.85 | -7.1% | -76.5% |
| Free Cash Flow | -$24M | -$27M | -$23M | 11.6% | -6.0% |
| Item | Amount |
|---|---|
| REVENUE | $129M |
| Cost of Revenue | $80M |
| GROSS PROFIT | $49M |
| R&D Expenses | $7M |
| Selling & Marketing | $17M |
| General & Administrative | $64M |
| SG&A Expenses | $81M |
| Other Expenses | $25.0K |
| Operating Expenses | $88M |
| Cost & Expenses | $168M |
| OPERATING INCOME | -$40M |
| Interest Income | $0 |
| Interest Expense | $139.0K |
| Other Income/Expenses | -$114.0K |
| INCOME BEFORE TAX | -$40M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | -$37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$37M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$37M |
| D&A | $17M |
| EBIT | -$39M |
| EBITDA | -$22M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$37M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | -$16M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$18M |
| Sales/Maturities of Investments | $21M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$132.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$24M |
| Net Change in Cash | -$18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $266M |
| Short-Term Investments | $177M |
| Net Receivables | $112M |
| Inventory | $24M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $603M |
| PP&E (Net) | $206M |
| Goodwill | $523M |
| Intangible Assets | $417M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $1.8B |
| Account Payables | $14M |
| Short-Term Debt | $0 |
| Deferred Revenue | $6M |
| Other Current Liabilities | $20M |
| TOTAL CURRENT LIABILITIES | $85M |
| Long-Term Debt | $535M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $38M |
| Other Non-Current Liabilities | $14M |
| TOTAL NON-CURRENT LIABILITIES | $658M |
| TOTAL LIABILITIES | $743M |
| Common Stock | $127.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$136M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $612M |
| Net Debt | $345M |
