| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | $4M | $7M | 22.8% | -31.3% |
| Op. Income | -$17M | -$14M | -$12M | -20.0% | -39.3% |
| Gross Margin | -59.0% | -31.6% | -19.0% | -27.3pp | -40.0pp |
| Net Margin | -344.8% | -339.1% | -362.2% | -5.7pp | 17.4pp |
| EPS (Diluted) | $-0.38 | $-0.31 | $-0.71 | -22.6% | 46.5% |
| Free Cash Flow | -$17M | -$17M | -$20M | 1.7% | 15.6% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $8M |
| GROSS PROFIT | -$3M |
| R&D Expenses | $3M |
| Selling & Marketing | $4M |
| General & Administrative | $7M |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $14M |
| Cost & Expenses | $22M |
| OPERATING INCOME | -$17M |
| Interest Income | $575.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $554.0K |
| INCOME BEFORE TAX | -$16M |
| Income Tax Expense | $7.0K |
| Net Income from Continuing Ops | -$16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$16M |
| D&A | $734.0K |
| EBIT | -$17M |
| EBITDA | -$16M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$16M |
| Depreciation & Amortization | $734.0K |
| Stock-Based Compensation | $673.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $261.0K |
| Change in Working Capital | -$434.0K |
| OPERATING CASH FLOW | -$15M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$37M |
| Sales/Maturities of Investments | $30M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | -$8.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $159.0K |
| NET CASH FROM FINANCING | $151.0K |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | -$24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $26M |
| Short-Term Investments | $89M |
| Net Receivables | $5M |
| Inventory | $21M |
| Other Current Assets | $726.0K |
| TOTAL CURRENT ASSETS | $145M |
| PP&E (Net) | $21M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $35M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $57M |
| TOTAL ASSETS | $202M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $3M |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $15M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $221.0K |
| TOTAL NON-CURRENT LIABILITIES | $8M |
| TOTAL LIABILITIES | $23M |
| Common Stock | $420.0K |
| Additional Paid-In Capital | $539M |
| Retained Earnings | -$359M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $179M |
| Minority Interest | $0 |
| TOTAL EQUITY | $179M |
| TOTAL LIABILITIES & EQUITY | $202M |
| Total Debt | $8M |
| Net Debt | -$18M |
