| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $44M | $40M | $29M | 10.3% | 50.5% |
| Op. Income | -$26M | -$23M | -$12M | -14.3% | -126.7% |
| Gross Margin | 70.4% | 73.4% | 78.7% | -2.9pp | -8.2pp |
| Net Margin | -57.8% | -59.3% | -41.2% | 1.5pp | -16.6pp |
| EPS (Diluted) | $-0.34 | $-0.32 | $-0.16 | -6.3% | -112.5% |
| Free Cash Flow | -$4M | -$12M | $2M | 63.2% | -326.3% |
| Item | Amount |
|---|---|
| REVENUE | $44M |
| Cost of Revenue | $13M |
| GROSS PROFIT | $31M |
| R&D Expenses | $15M |
| Selling & Marketing | $30M |
| General & Administrative | $12M |
| SG&A Expenses | $43M |
| Other Expenses | $0 |
| Operating Expenses | $57M |
| Cost & Expenses | $70M |
| OPERATING INCOME | -$26M |
| Interest Income | $822.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $822.0K |
| INCOME BEFORE TAX | -$25M |
| Income Tax Expense | $250.0K |
| Net Income from Continuing Ops | -$26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$26M |
| D&A | $3M |
| EBIT | -$26M |
| EBITDA | -$23M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$26M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $235.0K |
| Change in Working Capital | $19M |
| OPERATING CASH FLOW | $914.0K |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$368.0K |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $609.0K |
| NET CASH FROM FINANCING | $609.0K |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $125M |
| Short-Term Investments | $0 |
| Net Receivables | $31M |
| Inventory | $0 |
| Other Current Assets | $21M |
| TOTAL CURRENT ASSETS | $188M |
| PP&E (Net) | $61M |
| Goodwill | $11M |
| Intangible Assets | $11M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $93M |
| TOTAL ASSETS | $281M |
| Account Payables | $27M |
| Short-Term Debt | $0 |
| Deferred Revenue | $90M |
| Other Current Liabilities | $28M |
| TOTAL CURRENT LIABILITIES | $166M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $51M |
| TOTAL LIABILITIES | $217M |
| Common Stock | $207.0K |
| Additional Paid-In Capital | $330M |
| Retained Earnings | -$266M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $246.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $64M |
| Minority Interest | $0 |
| TOTAL EQUITY | $64M |
| TOTAL LIABILITIES & EQUITY | $281M |
| Total Debt | $47M |
| Net Debt | -$78M |
