| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $36M | — | $15M | — | 148.8% |
| Op. Income | -$1M | — | -$1M | — | -0.6% |
| Gross Margin | 5.3% | — | 13.1% | — | -7.8pp |
| Net Margin | -4.3% | — | -11.4% | — | 7.1pp |
| EPS (Diluted) | $-0.12 | — | $-0.51 | — | 76.5% |
| Free Cash Flow | -$801.2K | — | -$2M | — | 65.1% |
| Item | Amount |
|---|---|
| REVENUE | $36M |
| Cost of Revenue | $34M |
| GROSS PROFIT | $2M |
| R&D Expenses | $0 |
| Selling & Marketing | $34.7K |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $303.7K |
| Operating Expenses | $3M |
| Cost & Expenses | $37M |
| OPERATING INCOME | -$1M |
| Interest Income | $0 |
| Interest Expense | $691.5K |
| Other Income/Expenses | -$744.0K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $340.2K |
| EBIT | -$1M |
| EBITDA | -$724.6K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $312.4K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$6.0K |
| Change in Working Capital | $430.9K |
| OPERATING CASH FLOW | -$803.0K |
| Capital Expenditure | $1.8K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $1.8K |
| Net Debt Issuance | -$11.3K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$11.3K |
| FREE CASH FLOW | -$801.2K |
| Net Change in Cash | -$812.5K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8M |
| Short-Term Investments | $0 |
| Net Receivables | $9M |
| Inventory | $9M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $27M |
| PP&E (Net) | $1M |
| Goodwill | $2M |
| Intangible Assets | $3M |
| Long-Term Investments | $401.2K |
| Tax Assets | $0 |
| Other Non-Current Assets | $176.9K |
| TOTAL NON-CURRENT ASSETS | $6M |
| TOTAL ASSETS | $33M |
| Account Payables | $17M |
| Short-Term Debt | $8M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $27M |
| Long-Term Debt | $6M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $6M |
| TOTAL LIABILITIES | $33M |
| Common Stock | $12.5K |
| Additional Paid-In Capital | $39M |
| Retained Earnings | -$39M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $631.8K |
| Minority Interest | -$167.7K |
| TOTAL EQUITY | $464.1K |
| TOTAL LIABILITIES & EQUITY | $33M |
| Total Debt | $14M |
| Net Debt | $6M |
