| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $95M | $93M | $98M | 2.3% | -2.7% |
| Op. Income | -$7M | -$938.0K | $6M | -670.3% | -218.6% |
| Gross Margin | 36.9% | 41.2% | 43.1% | -4.3pp | -6.2pp |
| Net Margin | -11.6% | -9.9% | -2.7% | -1.7pp | -8.9pp |
| EPS (Diluted) | $-3.80 | $-3.20 | $-1.40 | -18.7% | -171.4% |
| Free Cash Flow | -$13M | -$10M | -$4M | -34.8% | -209.7% |
| Item | Amount |
|---|---|
| REVENUE | $95M |
| Cost of Revenue | $60M |
| GROSS PROFIT | $35M |
| R&D Expenses | $15M |
| Selling & Marketing | $17M |
| General & Administrative | $11M |
| SG&A Expenses | $27M |
| Other Expenses | $576.0K |
| Operating Expenses | $42M |
| Cost & Expenses | $103M |
| OPERATING INCOME | -$7M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $3M |
| EBIT | -$7M |
| EBITDA | -$5M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$14M |
| OPERATING CASH FLOW | -$11M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | -$3M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | -$13M |
| Net Change in Cash | -$19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $0 |
| Net Receivables | $66M |
| Inventory | $56M |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $141M |
| PP&E (Net) | $17M |
| Goodwill | $10M |
| Intangible Assets | $11M |
| Long-Term Investments | $0 |
| Tax Assets | $101M |
| Other Non-Current Assets | -$92M |
| TOTAL NON-CURRENT ASSETS | $47M |
| TOTAL ASSETS | $188M |
| Account Payables | $42M |
| Short-Term Debt | $5M |
| Deferred Revenue | $78M |
| Other Current Liabilities | $15M |
| TOTAL CURRENT LIABILITIES | $156M |
| Long-Term Debt | $98M |
| Deferred Revenue NC | $41M |
| Deferred Tax Liabilities | $8M |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $154M |
| TOTAL LIABILITIES | $310M |
| Common Stock | $599.0K |
| Additional Paid-In Capital | $641M |
| Retained Earnings | -$763M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$123M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$123M |
| TOTAL LIABILITIES & EQUITY | $188M |
| Total Debt | $106M |
| Net Debt | $101M |
