| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | $5M | — | -7.1% | — |
| Op. Income | -$13M | -$11M | — | -16.2% | — |
| Gross Margin | -38.6% | -15.8% | — | -22.8pp | — |
| Net Margin | -418.8% | -221.0% | — | -197.8pp | — |
| EPS (Diluted) | $-1.88 | $-1.07 | — | -76.3% | — |
| Free Cash Flow | -$10M | -$6M | — | -61.2% | — |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $6M |
| GROSS PROFIT | -$2M |
| R&D Expenses | $716.0K |
| Selling & Marketing | $1M |
| General & Administrative | $9M |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $11M |
| Cost & Expenses | $18M |
| OPERATING INCOME | -$13M |
| Interest Income | $0 |
| Interest Expense | $165.0K |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$19M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$19M |
| D&A | $258.0K |
| EBIT | -$19M |
| EBITDA | -$18M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$19M |
| Depreciation & Amortization | $298.0K |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$801.0K |
| OPERATING CASH FLOW | -$10M |
| Capital Expenditure | $12.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $39.0K |
| NET CASH FROM INVESTING | $51.0K |
| Net Debt Issuance | $14M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $832.0K |
| NET CASH FROM FINANCING | $15M |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $99M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $0 |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $113M |
| PP&E (Net) | $42M |
| Goodwill | $72M |
| Intangible Assets | $40M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $167M |
| TOTAL ASSETS | $280M |
| Account Payables | $13M |
| Short-Term Debt | $2M |
| Deferred Revenue | $12M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $43M |
| Long-Term Debt | $18M |
| Deferred Revenue NC | $8M |
| Deferred Tax Liabilities | $8M |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $47M |
| TOTAL LIABILITIES | $90M |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $123M |
| Retained Earnings | -$351M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $418M |
| TOTAL STOCKHOLDERS' EQUITY | $190M |
| Minority Interest | $0 |
| TOTAL EQUITY | $190M |
| TOTAL LIABILITIES & EQUITY | $280M |
| Total Debt | $26M |
| Net Debt | -$72M |
