| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | $21M | $11M | -72.6% | -49.2% |
| Op. Income | $3M | $19M | $9M | -85.2% | -69.6% |
| Gross Margin | 84.8% | 98.8% | 93.5% | -14.0pp | -8.8pp |
| Net Margin | 49.9% | 92.4% | 83.2% | -42.6pp | -33.3pp |
| EPS (Diluted) | $0.07 | $0.42 | $0.23 | -83.6% | -70.0% |
| Free Cash Flow | -$19M | -$66M | $8M | 70.8% | -337.2% |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $872.0K |
| GROSS PROFIT | $5M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $707.0K |
| Operating Expenses | $2M |
| Cost & Expenses | $3M |
| OPERATING INCOME | $3M |
| Interest Income | $18M |
| Interest Expense | $872.0K |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $0 |
| EBIT | $3M |
| EBITDA | $3M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $872.0K |
| GROSS PROFIT | $5M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $707.0K |
| Operating Expenses | $2M |
| Cost & Expenses | $3M |
| OPERATING INCOME | $3M |
| Interest Income | $18M |
| Interest Expense | $872.0K |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $0 |
| EBIT | $3M |
| EBITDA | $3M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$31M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$19M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$86M |
| Sales/Maturities of Investments | $10M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$75M |
| Net Debt Issuance | $30M |
| Common Stock Repurchased | -$409.0K |
| Common Dividends Paid | -$11M |
| Other Financing Activities | -$223 |
| NET CASH FROM FINANCING | $18M |
| FREE CASH FLOW | -$19M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $8M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $754M |
| TOTAL NON-CURRENT ASSETS | $754M |
| TOTAL ASSETS | $762M |
| Account Payables | $923.9K |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $923.9K |
| Long-Term Debt | $154M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $164M |
| TOTAL LIABILITIES | $165M |
| Common Stock | $413.5K |
| Additional Paid-In Capital | $606M |
| Retained Earnings | -$9M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $597M |
| Minority Interest | $0 |
| TOTAL EQUITY | $597M |
| TOTAL LIABILITIES & EQUITY | $762M |
| Total Debt | $154M |
| Net Debt | $151M |
