| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $33M | $31M | $30M | 5.9% | 7.7% |
| Op. Income | $1M | $169.0K | $406.0K | 506.5% | 152.5% |
| Gross Margin | 15.4% | 13.2% | 11.9% | 2.2pp | 3.5pp |
| Net Margin | 2.2% | 0.4% | 0.6% | 1.8pp | 1.6pp |
| EPS (Diluted) | $0.25 | $0.05 | $0.06 | 419.8% | 316.7% |
| Free Cash Flow | -$4M | $962.0K | -$5M | -528.8% | 17.3% |
| Item | Amount |
|---|---|
| REVENUE | $33M |
| Cost of Revenue | $28M |
| GROSS PROFIT | $5M |
| R&D Expenses | $351.0K |
| Selling & Marketing | $960.0K |
| General & Administrative | $3M |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $31M |
| OPERATING INCOME | $1M |
| Interest Income | $0 |
| Interest Expense | $117.0K |
| Other Income/Expenses | -$117.0K |
| INCOME BEFORE TAX | $908.0K |
| Income Tax Expense | $189.0K |
| Net Income from Continuing Ops | $719.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $719.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $719.0K |
| D&A | $481.0K |
| EBIT | $1M |
| EBITDA | $2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $33M |
| Cost of Revenue | $28M |
| GROSS PROFIT | $5M |
| R&D Expenses | $351.0K |
| Selling & Marketing | $960.0K |
| General & Administrative | $3M |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $31M |
| OPERATING INCOME | $1M |
| Interest Income | $0 |
| Interest Expense | $117.0K |
| Other Income/Expenses | -$117.0K |
| INCOME BEFORE TAX | $908.0K |
| Income Tax Expense | $189.0K |
| Net Income from Continuing Ops | $719.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $719.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $719.0K |
| D&A | $481.0K |
| EBIT | $1M |
| EBITDA | $2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $719.0K |
| Depreciation & Amortization | $481.0K |
| Stock-Based Compensation | $93.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$269.0K |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$694.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$41.0K |
| NET CASH FROM INVESTING | -$694.0K |
| Net Debt Issuance | $4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$442.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $944.0K |
| Short-Term Investments | $0 |
| Net Receivables | $31M |
| Inventory | $23M |
| Other Current Assets | $231.0K |
| TOTAL CURRENT ASSETS | $56M |
| PP&E (Net) | $15M |
| Goodwill | $0 |
| Intangible Assets | $471.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $15M |
| TOTAL ASSETS | $71M |
| Account Payables | $14M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $24M |
| Long-Term Debt | $11M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $100.0K |
| TOTAL NON-CURRENT LIABILITIES | $20M |
| TOTAL LIABILITIES | $45M |
| Common Stock | $27.0K |
| Additional Paid-In Capital | $16M |
| Retained Earnings | $11M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$183.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $27M |
| Minority Interest | $0 |
| TOTAL EQUITY | $27M |
| TOTAL LIABILITIES & EQUITY | $71M |
| Total Debt | $22M |
| Net Debt | $21M |
