| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $48M | $44M | $33M | 7.5% | 46.4% |
| Op. Income | -$26M | -$26M | -$15M | -1.1% | -77.2% |
| Gross Margin | 70.6% | 70.4% | 78.5% | 0.1pp | -7.9pp |
| Net Margin | -46.4% | -57.8% | -48.4% | 11.5pp | 2.0pp |
| EPS (Diluted) | $-0.29 | $-0.34 | $-0.21 | 14.7% | -38.1% |
| Free Cash Flow | -$29M | -$4M | -$4M | -579.6% | -704.9% |
| Item | Amount |
|---|---|
| REVENUE | $48M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $34M |
| R&D Expenses | $16M |
| Selling & Marketing | $32M |
| General & Administrative | $12M |
| SG&A Expenses | $44M |
| Other Expenses | $0 |
| Operating Expenses | $60M |
| Cost & Expenses | $74M |
| OPERATING INCOME | -$26M |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$22M |
| Income Tax Expense | $196.0K |
| Net Income from Continuing Ops | -$22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$22M |
| D&A | $3M |
| EBIT | -$26M |
| EBITDA | -$24M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$22M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $417.0K |
| OPERATING CASH FLOW | -$13M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | -$4M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$901.0K |
| NET CASH FROM INVESTING | -$20M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$29M |
| Net Change in Cash | -$31M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $94M |
| Short-Term Investments | $0 |
| Net Receivables | $27M |
| Inventory | $0 |
| Other Current Assets | $22M |
| TOTAL CURRENT ASSETS | $152M |
| PP&E (Net) | $72M |
| Goodwill | $13M |
| Intangible Assets | $12M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $108M |
| TOTAL ASSETS | $260M |
| Account Payables | $18M |
| Short-Term Debt | $0 |
| Deferred Revenue | $90M |
| Other Current Liabilities | $30M |
| TOTAL CURRENT LIABILITIES | $168M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $44M |
| TOTAL LIABILITIES | $212M |
| Common Stock | $208.0K |
| Additional Paid-In Capital | $336M |
| Retained Earnings | -$288M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $47M |
| Minority Interest | $0 |
| TOTAL EQUITY | $47M |
| TOTAL LIABILITIES & EQUITY | $260M |
| Total Debt | $49M |
| Net Debt | -$45M |
