| Metric | Q3 2021 | Q2 2021 | Q3 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $35M | $22M | $17M | 62.1% | 111.8% |
| Op. Income | -$27M | -$10M | -$8M | -165.3% | -227.4% |
| Gross Margin | -19.3% | 1.3% | -0.2% | -20.6pp | -19.1pp |
| Net Margin | -76.0% | -46.4% | -52.4% | -29.6pp | -23.5pp |
| EPS (Diluted) | $-0.14 | $-0.05 | $-1.46 | -169.7% | 90.4% |
| Free Cash Flow | -$24M | -$11M | -$17M | -113.6% | -41.5% |
| Item | Amount |
|---|---|
| REVENUE | $35M |
| Cost of Revenue | $42M |
| GROSS PROFIT | -$7M |
| R&D Expenses | $7M |
| Selling & Marketing | $5M |
| General & Administrative | $8M |
| SG&A Expenses | $13M |
| Other Expenses | $0 |
| Operating Expenses | $20M |
| Cost & Expenses | $62M |
| OPERATING INCOME | -$27M |
| Interest Income | $0 |
| Interest Expense | $57.0K |
| Other Income/Expenses | -$115.0K |
| INCOME BEFORE TAX | -$27M |
| Income Tax Expense | $43.0K |
| Net Income from Continuing Ops | -$27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$27M |
| D&A | $130.0K |
| EBIT | -$27M |
| EBITDA | -$26M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$27M |
| Depreciation & Amortization | $130.0K |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | -$23M |
| Capital Expenditure | -$511.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$417.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $445M |
| NET CASH FROM FINANCING | $445M |
| FREE CASH FLOW | -$24M |
| Net Change in Cash | $419M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $473M |
| Short-Term Investments | $0 |
| Net Receivables | $33M |
| Inventory | $22M |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $557M |
| PP&E (Net) | $2M |
| Goodwill | $4M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $20M |
| TOTAL NON-CURRENT ASSETS | $25M |
| TOTAL ASSETS | $583M |
| Account Payables | $8M |
| Short-Term Debt | $2M |
| Deferred Revenue | $38M |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $62M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $47M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $144.0K |
| TOTAL NON-CURRENT LIABILITIES | $49M |
| TOTAL LIABILITIES | $110M |
| Common Stock | $19.0K |
| Additional Paid-In Capital | $601M |
| Retained Earnings | -$129M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $101.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $472M |
| Minority Interest | $0 |
| TOTAL EQUITY | $472M |
| TOTAL LIABILITIES & EQUITY | $583M |
| Total Debt | $4M |
| Net Debt | -$468M |
