| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $25M | $30M | $22M | -15.2% | 12.1% |
| Op. Income | -$3M | -$4M | -$2M | 29.7% | -62.8% |
| Gross Margin | 18.6% | 23.4% | 13.8% | -4.8pp | 4.9pp |
| Net Margin | -14.8% | -15.0% | 24.3% | 0.2pp | -39.1pp |
| EPS (Diluted) | $-0.90 | $-0.96 | $1.01 | 6.2% | -189.1% |
| Free Cash Flow | -$1M | $2M | -$3M | -162.1% | 62.6% |
| Item | Amount |
|---|---|
| REVENUE | $25M |
| Cost of Revenue | $20M |
| GROSS PROFIT | $5M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $7M |
| Other Expenses | $430.0K |
| Operating Expenses | $7M |
| Cost & Expenses | $28M |
| OPERATING INCOME | -$3M |
| Interest Income | $0 |
| Interest Expense | $190.0K |
| Other Income/Expenses | -$196.0K |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $950.0K |
| 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 | $1M |
| EBIT | -$3M |
| EBITDA | -$1M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $901.0K |
| Stock-Based Compensation | $144.0K |
| Deferred Income Tax | $926.0K |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $70.0K |
| OPERATING CASH FLOW | -$636.0K |
| Capital Expenditure | -$366.0K |
| Acquisitions (Net) | $112.0K |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $14.0K |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $284.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$453.0K |
| NET CASH FROM FINANCING | $13M |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | $11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $15M |
| Short-Term Investments | $1M |
| Net Receivables | $16M |
| Inventory | $10M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $45M |
| PP&E (Net) | $14M |
| Goodwill | $6M |
| Intangible Assets | $15M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $36M |
| TOTAL ASSETS | $81M |
| Account Payables | $5M |
| Short-Term Debt | $13M |
| Deferred Revenue | $3M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $31M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $998.0K |
| Other Non-Current Liabilities | $386.0K |
| TOTAL NON-CURRENT LIABILITIES | $6M |
| TOTAL LIABILITIES | $37M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $163M |
| Retained Earnings | -$132M |
| Treasury Stock | -$6M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $44M |
| Minority Interest | $0 |
| TOTAL EQUITY | $44M |
| TOTAL LIABILITIES & EQUITY | $81M |
| Total Debt | $20M |
| Net Debt | $5M |
