Q3 2022 Earnings

Reported September 30, 2022

Quarter Comparison

Revenue

Operating Income

EPS (Diluted)

Free Cash Flow

Metric	Q3 2022	Q2 2022	Q3 2021	QoQ Change	YoY Change
Revenue	$0	$0	—	—	—
Op. Income	-$1M	-$1M	—	-2.0%	—
EPS (Diluted)	$-0.22	$-0.19	—	-15.8%	—
Free Cash Flow	-$982.0K	—	—	—	—

Income Statement

Item	Amount
REVENUE	$0
Cost of Revenue	$0
GROSS PROFIT	$0
R&D Expenses	$701.7K
Selling & Marketing	$0
General & Administrative	$392.4K
SG&A Expenses	$392.4K
Other Expenses	$12.8K
Operating Expenses	$1M
Cost & Expenses	$1M
OPERATING INCOME	-$1M
Interest Income	$0
Interest Expense	$2M
Other Income/Expenses	-$3M
INCOME BEFORE TAX	-$4M
Income Tax Expense	$0
Net Income from Continuing Ops	-$4M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$4M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$4M
D&A	$31.0K
EBIT	-$2M
EBITDA	-$2M
EPS	-$0
EPS Diluted	-$0

Cash Flow Statement

Item	Amount
Net Income	-$4M
Depreciation & Amortization	$31.0K
Stock-Based Compensation	$289
Deferred Income Tax	$0
Other Non-Cash Items	$1M
Change in Working Capital	$2M
OPERATING CASH FLOW	-$946.8K
Capital Expenditure	-$35.2K
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$35.2K
Net Debt Issuance	$988.8K
Common Stock Repurchased	-$5.5K
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	$983.3K
FREE CASH FLOW	-$982.0K
Net Change in Cash	$1.3K