| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14M | $15M | $12M | -5.6% | 15.4% |
| Op. Income | -$10M | -$7M | -$7M | -46.7% | -46.7% |
| Gross Margin | 75.4% | 76.4% | 81.9% | -1.0pp | -6.5pp |
| Net Margin | -76.4% | -50.8% | -64.1% | -25.6pp | -12.3pp |
| EPS (Diluted) | $-0.41 | $-0.29 | $-0.31 | -41.4% | -32.3% |
| Free Cash Flow | -$13M | -$5M | -$10M | -148.9% | -34.7% |
| Item | Amount |
|---|---|
| REVENUE | $14M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $11M |
| R&D Expenses | $2M |
| Selling & Marketing | $13M |
| General & Administrative | $6M |
| SG&A Expenses | $19M |
| Other Expenses | $0 |
| Operating Expenses | $21M |
| Cost & Expenses | $24M |
| OPERATING INCOME | -$10M |
| Interest Income | $0 |
| Interest Expense | $978.0K |
| Other Income/Expenses | -$703.0K |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $319.0K |
| EBIT | -$10M |
| EBITDA | -$10M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $319.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $164.0K |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$12M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$48.0K |
| NET CASH FROM FINANCING | -$48.0K |
| FREE CASH FLOW | -$13M |
| Net Change in Cash | -$13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $81M |
| Short-Term Investments | $2M |
| Net Receivables | $8M |
| Inventory | $8M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $103M |
| PP&E (Net) | $6M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $1M |
| Tax Assets | $0 |
| Other Non-Current Assets | $20M |
| TOTAL NON-CURRENT ASSETS | $27M |
| TOTAL ASSETS | $130M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2M |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $13M |
| Long-Term Debt | $35M |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $40M |
| TOTAL LIABILITIES | $53M |
| Common Stock | $267.0K |
| Additional Paid-In Capital | $396M |
| Retained Earnings | -$320M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $77M |
| Minority Interest | $0 |
| TOTAL EQUITY | $77M |
| TOTAL LIABILITIES & EQUITY | $130M |
| Total Debt | $40M |
| Net Debt | -$41M |
