| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12M | $12M | $12M | -2.5% | -1.5% |
| Op. Income | -$22M | -$20M | -$20M | -8.2% | -10.3% |
| Gross Margin | 91.0% | 90.6% | 89.2% | 0.4pp | 1.8pp |
| Net Margin | -202.2% | -153.0% | 21.9% | -49.2pp | -224.0pp |
| EPS (Diluted) | $-0.31 | $-0.25 | $-0.23 | -24.0% | -34.8% |
| Free Cash Flow | -$14M | -$11M | -$13M | -22.8% | -5.3% |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $11M |
| R&D Expenses | $14M |
| Selling & Marketing | $10M |
| General & Administrative | $9M |
| SG&A Expenses | $19M |
| Other Expenses | $0 |
| Operating Expenses | $32M |
| Cost & Expenses | $34M |
| OPERATING INCOME | -$22M |
| Interest Income | $285.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$24M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$24M |
| D&A | $509.0K |
| EBIT | -$22M |
| EBITDA | -$22M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$24M |
| Depreciation & Amortization | $509.0K |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | -$13M |
| Capital Expenditure | -$794.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$794.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $374.0K |
| NET CASH FROM FINANCING | $374.0K |
| FREE CASH FLOW | -$14M |
| Net Change in Cash | -$14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $121M |
| Short-Term Investments | $0 |
| Net Receivables | $20M |
| Inventory | $2M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $146M |
| 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 | $159M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $603.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $29M |
| Long-Term Debt | $53M |
| Deferred Revenue NC | $14M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $12M |
| TOTAL NON-CURRENT LIABILITIES | $83M |
| TOTAL LIABILITIES | $112M |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $648M |
| Retained Earnings | -$601M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $46M |
| Minority Interest | $0 |
| TOTAL EQUITY | $46M |
| TOTAL LIABILITIES & EQUITY | $159M |
| Total Debt | $60M |
| Net Debt | -$61M |
