| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $18M | $18M | $22M | -4.3% | -18.8% |
| Op. Income | -$7M | -$9M | -$17M | 22.4% | 59.1% |
| Gross Margin | 46.2% | 51.0% | 57.3% | -4.8pp | -11.1pp |
| Net Margin | -203.4% | -63.8% | -99.0% | -139.6pp | -104.4pp |
| EPS (Diluted) | $-282.00 | $-103.00 | $-228.00 | -173.8% | -23.7% |
| Free Cash Flow | -$6M | -$17M | -$19M | 63.9% | 68.2% |
| Item | Amount |
|---|---|
| REVENUE | $18M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $8M |
| R&D Expenses | $2M |
| Selling & Marketing | $7M |
| General & Administrative | $7M |
| SG&A Expenses | $14M |
| Other Expenses | $0 |
| Operating Expenses | $15M |
| Cost & Expenses | $25M |
| OPERATING INCOME | -$7M |
| Interest Income | $3M |
| Interest Expense | $32M |
| Other Income/Expenses | -$29M |
| INCOME BEFORE TAX | -$36M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$36M |
| D&A | $2M |
| EBIT | -$4M |
| EBITDA | -$2M |
| EPS | -$282 |
| EPS Diluted | -$282 |
| Item | Amount |
|---|---|
| Net Income | -$36M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $26M |
| Change in Working Capital | $342.0K |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$22.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | -$55.7K |
| Other Investing Activities | $55.7K |
| NET CASH FROM INVESTING | -$22.0K |
| Net Debt Issuance | -$621.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$6M |
| FREE CASH FLOW | -$6M |
| Net Change in Cash | -$12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $15M |
| Short-Term Investments | $15.0K |
| Net Receivables | $39M |
| Inventory | $13M |
| Other Current Assets | $16M |
| TOTAL CURRENT ASSETS | $83M |
| PP&E (Net) | $7M |
| Goodwill | $0 |
| Intangible Assets | $67M |
| Long-Term Investments | $148.0K |
| Tax Assets | -$148.0K |
| Other Non-Current Assets | $148.0K |
| TOTAL NON-CURRENT ASSETS | $74M |
| TOTAL ASSETS | $157M |
| Account Payables | $5M |
| Short-Term Debt | $114M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $42M |
| TOTAL CURRENT LIABILITIES | $194M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $10M |
| TOTAL LIABILITIES | $203M |
| Common Stock | $2M |
| Additional Paid-In Capital | $383M |
| Retained Earnings | -$431M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $2.5K |
| TOTAL STOCKHOLDERS' EQUITY | -$46M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$46M |
| TOTAL LIABILITIES & EQUITY | $157M |
| Total Debt | $121M |
| Net Debt | $106M |
