| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $21M | $16M | $8M | 29.2% | 151.1% |
| Op. Income | -$10M | -$9M | -$10M | -4.0% | 1.2% |
| Gross Margin | 69.9% | 76.2% | 68.4% | -6.3pp | 1.5pp |
| Net Margin | -56.2% | -66.5% | -130.6% | 10.4pp | 74.4pp |
| EPS (Diluted) | $-0.41 | $-0.38 | $-0.39 | -7.9% | -5.1% |
| Free Cash Flow | -$13M | -$20M | -$6M | 34.4% | -130.7% |
| Item | Amount |
|---|---|
| REVENUE | $21M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $14M |
| R&D Expenses | $7M |
| Selling & Marketing | $1M |
| General & Administrative | $16M |
| SG&A Expenses | $17M |
| Other Expenses | $0 |
| Operating Expenses | $24M |
| Cost & Expenses | $30M |
| OPERATING INCOME | -$10M |
| Interest Income | $0 |
| Interest Expense | $872.0K |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$12M |
| Income Tax Expense | $22.0K |
| Net Income from Continuing Ops | -$12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$12M |
| D&A | $795.0K |
| EBIT | -$11M |
| EBITDA | -$10M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$12M |
| Depreciation & Amortization | $969.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$7M |
| Sales/Maturities of Investments | $34M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $22M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $237.0K |
| FREE CASH FLOW | -$13M |
| Net Change in Cash | $12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $30M |
| Short-Term Investments | $28M |
| Net Receivables | $13M |
| Inventory | $17M |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $95M |
| PP&E (Net) | $22M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $500.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $22M |
| TOTAL ASSETS | $117M |
| Account Payables | $6M |
| Short-Term Debt | $1M |
| Deferred Revenue | $238.0K |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $23M |
| Long-Term Debt | $35M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $44M |
| TOTAL LIABILITIES | $66M |
| Common Stock | $516M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$465M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$306.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $51M |
| Minority Interest | $0 |
| TOTAL EQUITY | $51M |
| TOTAL LIABILITIES & EQUITY | $117M |
| Total Debt | $45M |
| Net Debt | $15M |
