| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $46M | $37M | $21M | 22.3% | 121.3% |
| Op. Income | -$67M | -$62M | -$23M | -9.0% | -197.7% |
| Gross Margin | 58.9% | 51.1% | 63.5% | 7.8pp | -4.6pp |
| Net Margin | -149.0% | -167.5% | -111.0% | 18.5pp | -38.0pp |
| EPS (Diluted) | $-0.57 | $-0.25 | $-0.11 | -128.0% | -418.2% |
| Free Cash Flow | -$45M | -$33M | -$15M | -37.3% | -206.3% |
| Item | Amount |
|---|---|
| REVENUE | $46M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $27M |
| R&D Expenses | $31M |
| Selling & Marketing | $41M |
| General & Administrative | $22M |
| SG&A Expenses | $63M |
| Other Expenses | -$373.0K |
| Operating Expenses | $94M |
| Cost & Expenses | $113M |
| OPERATING INCOME | -$67M |
| Interest Income | $21.0K |
| Interest Expense | $479.0K |
| Other Income/Expenses | -$831.0K |
| INCOME BEFORE TAX | -$68M |
| Income Tax Expense | $177.0K |
| Net Income from Continuing Ops | -$68M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$68M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$68M |
| D&A | $2M |
| EBIT | -$68M |
| EBITDA | -$66M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$68M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$42M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$20M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1.4B |
| NET CASH FROM FINANCING | $1.4B |
| FREE CASH FLOW | -$45M |
| Net Change in Cash | $1.3B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.7B |
| Short-Term Investments | $370.0K |
| Net Receivables | $53M |
| Inventory | $18M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $40M |
| Goodwill | $108M |
| Intangible Assets | $17M |
| Long-Term Investments | $0 |
| Tax Assets | -$3M |
| Other Non-Current Assets | $32M |
| TOTAL NON-CURRENT ASSETS | $194M |
| TOTAL ASSETS | $2.0B |
| Account Payables | $10M |
| Short-Term Debt | $0 |
| Deferred Revenue | $122M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $173M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $63M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $87M |
| TOTAL LIABILITIES | $261M |
| Common Stock | $17.0K |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | -$481M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $455.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $25M |
| Net Debt | -$1.7B |
