| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $28M | $25M | $26M | 10.8% | 5.5% |
| Op. Income | -$41M | -$44M | -$30M | 6.2% | -36.0% |
| Gross Margin | 15.6% | 15.1% | 11.2% | 0.5pp | 4.4pp |
| Net Margin | -146.9% | -175.0% | -115.8% | 28.1pp | -31.1pp |
| EPS (Diluted) | $-0.85 | $-0.92 | $-0.65 | 7.6% | -30.8% |
| Free Cash Flow | -$37M | -$41M | -$29M | 8.7% | -29.5% |
| Item | Amount |
|---|---|
| REVENUE | $28M |
| Cost of Revenue | $23M |
| GROSS PROFIT | $4M |
| R&D Expenses | $13M |
| Selling & Marketing | $22M |
| General & Administrative | $10M |
| SG&A Expenses | $32M |
| Other Expenses | $0 |
| Operating Expenses | $45M |
| Cost & Expenses | $69M |
| OPERATING INCOME | -$41M |
| Interest Income | $805.0K |
| Interest Expense | $567.0K |
| Other Income/Expenses | $238.0K |
| INCOME BEFORE TAX | -$41M |
| Income Tax Expense | $20.0K |
| Net Income from Continuing Ops | -$41M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$41M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$41M |
| D&A | $2M |
| EBIT | -$40M |
| EBITDA | -$39M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$41M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$34M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | -$23M |
| Purchases of Investments | -$36M |
| Sales/Maturities of Investments | $59M |
| Other Investing Activities | $23M |
| NET CASH FROM INVESTING | $20M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$37M |
| Net Change in Cash | -$12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $64M |
| Short-Term Investments | $164M |
| Net Receivables | $23M |
| Inventory | $55M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $310M |
| PP&E (Net) | $22M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $33M |
| Tax Assets | $0 |
| Other Non-Current Assets | $386.0K |
| TOTAL NON-CURRENT ASSETS | $56M |
| TOTAL ASSETS | $366M |
| Account Payables | $1M |
| Short-Term Debt | $1M |
| Deferred Revenue | $8M |
| Other Current Liabilities | $24M |
| TOTAL CURRENT LIABILITIES | $50M |
| Long-Term Debt | $30M |
| Deferred Revenue NC | $142.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $37M |
| TOTAL LIABILITIES | $87M |
| Common Stock | $48.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | -$748M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$934.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $279M |
| Minority Interest | $0 |
| TOTAL EQUITY | $279M |
| TOTAL LIABILITIES & EQUITY | $366M |
| Total Debt | $37M |
| Net Debt | -$27M |
