| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11M | $10M | $8M | 7.2% | 45.8% |
| Op. Income | -$9M | -$10M | -$7M | 7.3% | -31.5% |
| Gross Margin | 65.6% | 62.9% | 60.1% | 2.6pp | 5.5pp |
| Net Margin | -96.0% | -122.4% | -108.0% | 26.4pp | 12.0pp |
| EPS (Diluted) | $-0.71 | $-0.92 | $-0.57 | 22.8% | -24.6% |
| Free Cash Flow | -$8M | -$12M | -$7M | 33.2% | -14.7% |
| Item | Amount |
|---|---|
| REVENUE | $11M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $7M |
| R&D Expenses | $2M |
| Selling & Marketing | $11M |
| General & Administrative | $4M |
| SG&A Expenses | $15M |
| Other Expenses | $0 |
| Operating Expenses | $17M |
| Cost & Expenses | $21M |
| OPERATING INCOME | -$9M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$1M |
| 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 | $205.0K |
| EBIT | -$10M |
| EBITDA | -$9M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $205.0K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $718.0K |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$290.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$290.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$106.0K |
| NET CASH FROM FINANCING | $35M |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | $27M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $54M |
| Short-Term Investments | $0 |
| Net Receivables | $6M |
| Inventory | $12M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $74M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $6M |
| TOTAL ASSETS | $80M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $15M |
| Long-Term Debt | $40M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $41M |
| TOTAL LIABILITIES | $56M |
| Common Stock | $19.0K |
| Additional Paid-In Capital | $287M |
| Retained Earnings | -$264M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $262.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $23M |
| Minority Interest | $0 |
| TOTAL EQUITY | $23M |
| TOTAL LIABILITIES & EQUITY | $80M |
| Total Debt | $40M |
| Net Debt | -$14M |
