| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | $5M | $2M | -13.3% | 120.3% |
| Op. Income | -$8M | -$8M | -$4M | -4.6% | -95.1% |
| Gross Margin | 16.7% | 27.7% | 52.5% | -11.0pp | -35.8pp |
| Net Margin | -168.5% | -311.2% | 17.2% | 142.7pp | -185.7pp |
| EPS (Diluted) | $-3.63 | $-8.72 | $0.25 | 58.4% | -1552.0% |
| Free Cash Flow | -$8M | -$5M | -$5M | -62.6% | -68.8% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $795.0K |
| R&D Expenses | $2M |
| Selling & Marketing | $2M |
| General & Administrative | $5M |
| SG&A Expenses | $7M |
| Other Expenses | $0 |
| Operating Expenses | $9M |
| Cost & Expenses | $13M |
| OPERATING INCOME | -$8M |
| Interest Income | $0 |
| Interest Expense | $991.0K |
| Other Income/Expenses | -$140.0K |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $0 |
| EBIT | -$7M |
| EBITDA | -$7M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $185.0K |
| Stock-Based Compensation | $899.0K |
| Deferred Income Tax | -$185.0K |
| Other Non-Cash Items | $92.0K |
| Change in Working Capital | -$856.0K |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$80.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $29.6K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$29.6K |
| NET CASH FROM INVESTING | -$80.0K |
| Net Debt Issuance | $10M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $14M |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $3M |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $27M |
| PP&E (Net) | $4M |
| Goodwill | $33M |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $1M |
| Other Non-Current Assets | $402.0K |
| TOTAL NON-CURRENT ASSETS | $42M |
| TOTAL ASSETS | $68M |
| Account Payables | $8M |
| Short-Term Debt | $13M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $30M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $6M |
| TOTAL LIABILITIES | $36M |
| Common Stock | $10.0K |
| Additional Paid-In Capital | $273M |
| Retained Earnings | -$239M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$553.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $33M |
| Minority Interest | $0 |
| TOTAL EQUITY | $33M |
| TOTAL LIABILITIES & EQUITY | $68M |
| Total Debt | $17M |
| Net Debt | $8M |
