| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $16M | $15M | $15M | 5.2% | 4.2% |
| Op. Income | -$7M | -$8M | -$7M | 20.7% | 7.7% |
| Gross Margin | -4.9% | -14.6% | 2.6% | 9.7pp | -7.5pp |
| Net Margin | -44.4% | -58.3% | -50.1% | 13.9pp | 5.7pp |
| EPS (Diluted) | $-0.90 | $-1.05 | $-0.91 | 14.3% | 1.1% |
| Free Cash Flow | -$10M | -$9M | -$13M | -7.7% | 21.5% |
| Item | Amount |
|---|---|
| REVENUE | $16M |
| Cost of Revenue | $17M |
| GROSS PROFIT | -$786.0K |
| R&D Expenses | $2M |
| Selling & Marketing | $455.0K |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $6M |
| Cost & Expenses | $23M |
| OPERATING INCOME | -$7M |
| Interest Income | $0 |
| Interest Expense | $540.0K |
| Other Income/Expenses | -$536.0K |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $138.0K |
| EBIT | -$7M |
| EBITDA | -$6M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $138.0K |
| Stock-Based Compensation | -$179.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $608.0K |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$10M |
| Capital Expenditure | -$29.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3M |
| Sales/Maturities of Investments | $12M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $9M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10M |
| Short-Term Investments | $0 |
| Net Receivables | $7M |
| Inventory | $6M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $25M |
| PP&E (Net) | $10M |
| Goodwill | $921.0K |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $13M |
| TOTAL ASSETS | $37M |
| Account Payables | $4M |
| Short-Term Debt | $7M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $20M |
| Long-Term Debt | $12M |
| Deferred Revenue NC | $5M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $14.0K |
| TOTAL NON-CURRENT LIABILITIES | $23M |
| TOTAL LIABILITIES | $42M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $372M |
| Retained Earnings | -$377M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $51.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$5M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$5M |
| TOTAL LIABILITIES & EQUITY | $37M |
| Total Debt | $26M |
| Net Debt | $16M |
