| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $26M | $25M | $27M | 6.7% | -1.4% |
| Op. Income | -$2M | -$8M | -$1M | 79.7% | -23.5% |
| Gross Margin | 13.0% | -13.3% | 12.7% | 26.4pp | 0.4pp |
| Net Margin | -5.8% | -34.0% | -4.5% | 28.2pp | -1.3pp |
| EPS (Diluted) | $-0.14 | $-0.86 | $-0.12 | 83.7% | -16.7% |
| Free Cash Flow | $1M | -$7M | $2M | 119.9% | -44.1% |
| Item | Amount |
|---|---|
| REVENUE | $26M |
| Cost of Revenue | $23M |
| GROSS PROFIT | $3M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | $778.0K |
| Operating Expenses | $5M |
| Cost & Expenses | $28M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $778.0K |
| Other Income/Expenses | $199.0K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | -$1.0K |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $101.0K |
| EBIT | -$945.0K |
| EBITDA | -$844.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $101.0K |
| Stock-Based Compensation | $58.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $120.0K |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $1M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$83M |
| Sales/Maturities of Investments | $89M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $6M |
| Net Debt Issuance | $15M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $11.0K |
| NET CASH FROM FINANCING | $15M |
| FREE CASH FLOW | $1M |
| Net Change in Cash | $22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $35M |
| Short-Term Investments | $142M |
| Net Receivables | $72M |
| Inventory | $0 |
| Other Current Assets | -$265M |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $144M |
| Tax Assets | $0 |
| Other Non-Current Assets | -$144M |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $286M |
| Account Payables | $9M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$9M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $48M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$48M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $270M |
| Common Stock | $98M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$63M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$19M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $16M |
| Minority Interest | $0 |
| TOTAL EQUITY | $16M |
| TOTAL LIABILITIES & EQUITY | $286M |
| Total Debt | $48M |
| Net Debt | $13M |
