| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $19M | $16M | $15M | 15.9% | 23.4% |
| Op. Income | -$4M | -$7M | -$8M | 32.4% | 42.7% |
| Gross Margin | 9.3% | -4.9% | -1.7% | 14.2pp | 11.1pp |
| Net Margin | -26.6% | -44.4% | -55.5% | 17.8pp | 28.9pp |
| EPS (Diluted) | $-0.62 | $-0.90 | $-0.99 | 31.1% | 37.4% |
| Free Cash Flow | -$6M | -$10M | -$5M | 39.5% | -14.9% |
| Item | Amount |
|---|---|
| REVENUE | $19M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $2M |
| R&D Expenses | $926.0K |
| Selling & Marketing | $526.0K |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $6M |
| Cost & Expenses | $23M |
| OPERATING INCOME | -$4M |
| Interest Income | $0 |
| Interest Expense | $485.0K |
| Other Income/Expenses | -$485.0K |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $141.0K |
| EBIT | -$4M |
| EBITDA | -$4M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $141.0K |
| Stock-Based Compensation | $97.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $607.0K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$51.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$51.0K |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $30M |
| NET CASH FROM FINANCING | $27M |
| FREE CASH FLOW | -$6M |
| Net Change in Cash | $21M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $31M |
| Short-Term Investments | $0 |
| Net Receivables | $8M |
| Inventory | $5M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $47M |
| PP&E (Net) | $9M |
| Goodwill | $921.0K |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $12M |
| TOTAL ASSETS | $59M |
| Account Payables | $3M |
| Short-Term Debt | $7M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $19M |
| Long-Term Debt | $10M |
| Deferred Revenue NC | $5M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $14.0K |
| TOTAL NON-CURRENT LIABILITIES | $20M |
| TOTAL LIABILITIES | $39M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $402M |
| Retained Earnings | -$382M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $49.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $20M |
| Minority Interest | $0 |
| TOTAL EQUITY | $20M |
| TOTAL LIABILITIES & EQUITY | $59M |
| Total Debt | $24M |
| Net Debt | -$7M |
