| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12M | $13M | $12M | -7.0% | 4.7% |
| Op. Income | -$20M | -$18M | -$20M | -11.7% | 1.6% |
| Gross Margin | 90.6% | 90.1% | 90.6% | 0.4pp | -0.1pp |
| Net Margin | -153.0% | -95.1% | -72.4% | -57.9pp | -80.6pp |
| EPS (Diluted) | $-0.25 | $-0.22 | $-0.25 | -13.6% | 0.0% |
| Free Cash Flow | -$11M | -$19M | -$20M | 39.8% | 43.7% |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $11M |
| R&D Expenses | $13M |
| Selling & Marketing | $10M |
| General & Administrative | $8M |
| SG&A Expenses | $18M |
| Other Expenses | $0 |
| Operating Expenses | $31M |
| Cost & Expenses | $32M |
| OPERATING INCOME | -$20M |
| Interest Income | $73.0K |
| Interest Expense | $2M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$19M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$19M |
| Net Income Deductions | $2M |
| BOTTOM LINE NET INCOME | -$20M |
| D&A | $552.0K |
| EBIT | -$17M |
| EBITDA | -$17M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$19M |
| Depreciation & Amortization | $552.0K |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | -$11M |
| Capital Expenditure | -$495.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$495.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $493.0K |
| NET CASH FROM FINANCING | $493.0K |
| FREE CASH FLOW | -$11M |
| Net Change in Cash | -$11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $135M |
| Short-Term Investments | $0 |
| Net Receivables | $20M |
| Inventory | $2M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $160M |
| 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 | $173M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $26M |
| Long-Term Debt | $53M |
| Deferred Revenue NC | $13M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $81M |
| TOTAL LIABILITIES | $107M |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $643M |
| Retained Earnings | -$577M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $66M |
| Minority Interest | $0 |
| TOTAL EQUITY | $66M |
| TOTAL LIABILITIES & EQUITY | $173M |
| Total Debt | $59M |
| Net Debt | -$75M |
