| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $19M | $19M | $16M | 0.0% | 16.9% |
| Op. Income | -$4M | -$4M | -$7M | 17.3% | 46.8% |
| Gross Margin | 4.2% | 9.3% | -2.1% | -5.2pp | 6.2pp |
| Net Margin | -22.4% | -26.6% | -47.4% | 4.2pp | 25.0pp |
| EPS (Diluted) | $-0.44 | $-0.62 | $-0.89 | 29.0% | 50.6% |
| Free Cash Flow | -$1M | -$6M | -$7M | 79.5% | 83.1% |
| Item | Amount |
|---|---|
| REVENUE | $19M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $777.0K |
| R&D Expenses | $469.0K |
| Selling & Marketing | $762.0K |
| General & Administrative | $3M |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $22M |
| OPERATING INCOME | -$4M |
| Interest Income | $0 |
| Interest Expense | $476.0K |
| Other Income/Expenses | -$482.0K |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $0 |
| 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 | $143.0K |
| EBIT | -$4M |
| EBITDA | -$4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $143.0K |
| Stock-Based Compensation | $177.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $879.0K |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$117.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$15M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13M |
| Short-Term Investments | $15M |
| Net Receivables | $7M |
| Inventory | $5M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $42M |
| 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 | $54M |
| Account Payables | $3M |
| Short-Term Debt | $6M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $19M |
| Long-Term Debt | $9M |
| Deferred Revenue NC | $5M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $14.0K |
| TOTAL NON-CURRENT LIABILITIES | $19M |
| TOTAL LIABILITIES | $38M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $402M |
| Retained Earnings | -$386M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $54.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $16M |
| Minority Interest | $0 |
| TOTAL EQUITY | $16M |
| TOTAL LIABILITIES & EQUITY | $54M |
| Total Debt | $22M |
| Net Debt | $9M |
