| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $89M | $92M | $73M | -3.6% | 21.5% |
| Op. Income | -$56.0K | $2M | -$3M | -102.4% | 98.4% |
| Gross Margin | 41.8% | 42.1% | 42.1% | -0.2pp | -0.2pp |
| Net Margin | -4.7% | -18.9% | -14.6% | 14.2pp | 10.0pp |
| EPS (Diluted) | $-1.40 | $-7.00 | $-5.40 | 80.0% | 74.1% |
| Free Cash Flow | -$8M | $17M | -$9M | -146.5% | 15.4% |
| Item | Amount |
|---|---|
| REVENUE | $89M |
| Cost of Revenue | $52M |
| GROSS PROFIT | $37M |
| R&D Expenses | $11M |
| Selling & Marketing | $14M |
| General & Administrative | $12M |
| SG&A Expenses | $26M |
| Other Expenses | $266.0K |
| Operating Expenses | $37M |
| Cost & Expenses | $89M |
| OPERATING INCOME | -$56.0K |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $13.0K |
| 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 | -$254.0K |
| EBITDA | $2M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$68.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$463.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$463.0K |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $19M |
| Short-Term Investments | $0 |
| Net Receivables | $58M |
| Inventory | $51M |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $141M |
| PP&E (Net) | $18M |
| Goodwill | $3M |
| Intangible Assets | $5M |
| Long-Term Investments | $5M |
| Tax Assets | -$5M |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $37M |
| TOTAL ASSETS | $178M |
| Account Payables | $32M |
| Short-Term Debt | $12M |
| Deferred Revenue | $78M |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $153M |
| Long-Term Debt | $81M |
| Deferred Revenue NC | $36M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $14M |
| TOTAL NON-CURRENT LIABILITIES | $138M |
| TOTAL LIABILITIES | $291M |
| Common Stock | $573.0K |
| Additional Paid-In Capital | $630M |
| Retained Earnings | -$743M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$589.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$113M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$113M |
| TOTAL LIABILITIES & EQUITY | $178M |
| Total Debt | $103M |
| Net Debt | $84M |
