| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | $2M | — | 70.8% | — |
| Op. Income | -$904.0K | -$3M | — | 67.9% | — |
| Gross Margin | 39.4% | -9.0% | — | 48.4pp | — |
| Net Margin | -29.8% | -169.7% | — | 139.9pp | — |
| EPS (Diluted) | $-5.25 | $-17.55 | — | 70.1% | — |
| Free Cash Flow | -$1M | -$1M | — | 14.1% | — |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $1M |
| R&D Expenses | $84.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $5M |
| OPERATING INCOME | -$904.0K |
| Interest Income | $0 |
| Interest Expense | $1.0K |
| Other Income/Expenses | -$194.0K |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $48.0K |
| EBIT | -$904.0K |
| EBITDA | -$856.0K |
| EPS | -$5 |
| EPS Diluted | -$5 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $48.0K |
| Stock-Based Compensation | $59.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$232.0K |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$49.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$49.0K |
| Net Debt Issuance | -$199.0K |
| Common Stock Repurchased | -$10.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$209.0K |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $3M |
| Other Current Assets | $219.0K |
| TOTAL CURRENT ASSETS | $12M |
| PP&E (Net) | $1M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $869.0K |
| TOTAL NON-CURRENT ASSETS | $2M |
| TOTAL ASSETS | $14M |
| Account Payables | $2M |
| Short-Term Debt | $2M |
| Deferred Revenue | $239.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $5M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $225.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $10M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $189M |
| Retained Earnings | -$180M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5M |
| Minority Interest | $0 |
| TOTAL EQUITY | $5M |
| TOTAL LIABILITIES & EQUITY | $14M |
| Total Debt | $2M |
| Net Debt | -$382.0K |
