| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $33M | $30M | $24M | 12.1% | 38.4% |
| Op. Income | -$3M | -$3M | -$7M | -20.0% | 51.6% |
| Gross Margin | 65.6% | 60.9% | 55.9% | 4.6pp | 9.6pp |
| Net Margin | -12.4% | -23.4% | -31.4% | 11.0pp | 19.0pp |
| EPS (Diluted) | $-0.11 | $-0.19 | $-0.21 | 42.1% | 47.6% |
| Free Cash Flow | $1M | -$924.0K | -$9M | 233.2% | 113.8% |
| Item | Amount |
|---|---|
| REVENUE | $33M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $22M |
| R&D Expenses | $14M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $11M |
| Other Expenses | $314.0K |
| Operating Expenses | $25M |
| Cost & Expenses | $37M |
| OPERATING INCOME | -$3M |
| Other Income/Expenses | $310.0K |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $2M |
| EBIT | -$3M |
| EBITDA | -$1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$11.0K |
| Other Non-Cash Items | $210.0K |
| Change in Working Capital | -$853.0K |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$21M |
| Sales/Maturities of Investments | $35M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $12M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$6M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | $1M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $36M |
| Short-Term Investments | $98M |
| Net Receivables | $38M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $181M |
| PP&E (Net) | $41M |
| Goodwill | $14M |
| Intangible Assets | $20M |
| Long-Term Investments | $0 |
| Tax Assets | $67.0K |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $85M |
| TOTAL ASSETS | $266M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $24M |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $43M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $9M |
| TOTAL LIABILITIES | $52M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $431M |
| Retained Earnings | -$102M |
| Treasury Stock | -$114M |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $214M |
| Minority Interest | $0 |
| TOTAL EQUITY | $214M |
| TOTAL LIABILITIES & EQUITY | $266M |
| Total Debt | $6M |
| Net Debt | -$30M |
