| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $6M | $4M | -47.2% | -23.7% |
| Op. Income | -$24M | -$22M | -$26M | -9.1% | 7.8% |
| Gross Margin | 37.8% | -144.8% | 64.6% | 182.6pp | -26.8pp |
| Net Margin | -605.8% | -349.2% | -525.6% | -256.6pp | -80.2pp |
| EPS (Diluted) | $-0.13 | $-0.10 | $-0.10 | -34.9% | -30.0% |
| Free Cash Flow | -$9M | -$20M | -$9M | 56.9% | 2.2% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $1M |
| R&D Expenses | $12M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $13M |
| Other Expenses | $638.0K |
| Operating Expenses | $25M |
| Cost & Expenses | $27M |
| OPERATING INCOME | -$24M |
| Interest Income | $37.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$26M |
| Income Tax Expense | -$89.0K |
| Net Income from Continuing Ops | -$26M |
| Net Income from Discontinued Ops | $8M |
| Other Adjustments | $0 |
| NET INCOME | -$18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$18M |
| D&A | $3M |
| EBIT | -$24M |
| EBITDA | -$21M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$18M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$54.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $18M |
| Other Investing Activities | $291.0K |
| NET CASH FROM INVESTING | $17M |
| Net Debt Issuance | -$113.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$113.0K |
| FREE CASH FLOW | -$9M |
| Net Change in Cash | $9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $44M |
| Short-Term Investments | $71M |
| Net Receivables | $2M |
| Inventory | $224.0K |
| Other Current Assets | $45M |
| TOTAL CURRENT ASSETS | $165M |
| PP&E (Net) | $17M |
| Goodwill | $37M |
| Intangible Assets | $46M |
| Long-Term Investments | $12M |
| Tax Assets | $0 |
| Other Non-Current Assets | $45M |
| TOTAL NON-CURRENT ASSETS | $157M |
| TOTAL ASSETS | $321M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $164.0K |
| Other Current Liabilities | $21M |
| TOTAL CURRENT LIABILITIES | $30M |
| Long-Term Debt | $199M |
| Deferred Revenue NC | $23M |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $236M |
| TOTAL LIABILITIES | $266M |
| Common Stock | $0 |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | -$1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $56M |
| Minority Interest | $0 |
| TOTAL EQUITY | $56M |
| TOTAL LIABILITIES & EQUITY | $321M |
| Total Debt | $208M |
| Net Debt | $164M |
