| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $16M | $10M | $7M | 64.3% | 125.2% |
| Op. Income | -$9M | -$11M | -$7M | 17.3% | -44.0% |
| Gross Margin | 76.2% | 72.3% | 68.2% | 4.0pp | 8.0pp |
| Net Margin | -66.5% | -131.0% | -112.3% | 64.5pp | 45.7pp |
| EPS (Diluted) | $-0.38 | $-0.46 | $-0.29 | 17.4% | -31.0% |
| Free Cash Flow | -$20M | -$10M | -$7M | -107.2% | -177.0% |
| Item | Amount |
|---|---|
| REVENUE | $16M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $12M |
| R&D Expenses | $8M |
| Selling & Marketing | $0 |
| General & Administrative | $14M |
| SG&A Expenses | $14M |
| Other Expenses | $0 |
| Operating Expenses | $21M |
| Cost & Expenses | $25M |
| OPERATING INCOME | -$9M |
| Interest Income | $0 |
| Interest Expense | $960.0K |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | $6.0K |
| 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 | $507.0K |
| EBIT | -$10M |
| EBITDA | -$9M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $685.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$11M |
| OPERATING CASH FLOW | -$18M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $15M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $11M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $405.0K |
| FREE CASH FLOW | -$20M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $18M |
| Short-Term Investments | $54M |
| Net Receivables | $12M |
| Inventory | $17M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $106M |
| PP&E (Net) | $18M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $500.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $18M |
| TOTAL ASSETS | $124M |
| Account Payables | $3M |
| Short-Term Debt | $1M |
| Deferred Revenue | $247.0K |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $20M |
| Long-Term Debt | $35M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $44M |
| TOTAL LIABILITIES | $64M |
| Common Stock | $513M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$453M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$285.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $60M |
| Minority Interest | $0 |
| TOTAL EQUITY | $60M |
| TOTAL LIABILITIES & EQUITY | $124M |
| Total Debt | $45M |
| Net Debt | $27M |
