| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13M | $12M | $7M | 7.1% | 79.6% |
| Op. Income | -$18M | -$18M | -$20M | 1.2% | 11.8% |
| Gross Margin | 90.1% | 91.0% | 87.9% | -0.9pp | 2.3pp |
| Net Margin | -95.1% | -31.3% | 42.5% | -63.8pp | -137.6pp |
| EPS (Diluted) | $-0.22 | $-0.23 | $-0.24 | 4.3% | 8.3% |
| Free Cash Flow | -$19M | -$16M | -$18M | -19.6% | -7.8% |
| Item | Amount |
|---|---|
| REVENUE | $13M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $12M |
| R&D Expenses | $13M |
| Selling & Marketing | $9M |
| General & Administrative | $8M |
| SG&A Expenses | $17M |
| Other Expenses | $0 |
| Operating Expenses | $30M |
| Cost & Expenses | $31M |
| OPERATING INCOME | -$18M |
| Interest Income | $18.0K |
| Interest Expense | $2M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$13M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$13M |
| Net Income Deductions | $6M |
| BOTTOM LINE NET INCOME | -$18M |
| D&A | $557.0K |
| EBIT | -$11M |
| EBITDA | -$10M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $557.0K |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | -$19M |
| Capital Expenditure | -$276.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$276.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $129.0K |
| NET CASH FROM FINANCING | $129.0K |
| FREE CASH FLOW | -$19M |
| Net Change in Cash | -$19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $145M |
| Short-Term Investments | $0 |
| Net Receivables | $23M |
| Inventory | $1M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $175M |
| PP&E (Net) | $11M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $13M |
| TOTAL ASSETS | $188M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $24M |
| Long-Term Debt | $52M |
| Deferred Revenue NC | $13M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $13M |
| TOTAL NON-CURRENT LIABILITIES | $84M |
| TOTAL LIABILITIES | $108M |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $638M |
| Retained Earnings | -$558M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $80M |
| Minority Interest | $0 |
| TOTAL EQUITY | $80M |
| TOTAL LIABILITIES & EQUITY | $188M |
| Total Debt | $59M |
| Net Debt | -$86M |
