| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $61M | $55M | $50M | 10.4% | 22.2% |
| Op. Income | -$18M | -$18M | -$1M | 0.9% | -1540.1% |
| Gross Margin | 18.3% | 22.3% | 21.8% | -4.0pp | -3.6pp |
| Net Margin | -9.0% | 35.0% | 6.4% | -43.9pp | -15.4pp |
| EPS (Diluted) | $-0.07 | $0.21 | $0.05 | -135.6% | -249.4% |
| Free Cash Flow | -$12M | -$18M | -$8M | 34.8% | -51.5% |
| Item | Amount |
|---|---|
| REVENUE | $61M |
| Cost of Revenue | $50M |
| GROSS PROFIT | $11M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $28M |
| Other Expenses | $1M |
| Operating Expenses | $29M |
| Cost & Expenses | $79M |
| OPERATING INCOME | -$18M |
| Interest Income | $0 |
| Interest Expense | $61.0K |
| Other Income/Expenses | $13M |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | -$32.0K |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $949.0K |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $1M |
| EBIT | -$5M |
| EBITDA | -$4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$49.0K |
| Other Non-Cash Items | -$13M |
| Change in Working Capital | $271.0K |
| OPERATING CASH FLOW | -$10M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | -$9M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | -$13.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$11M |
| FREE CASH FLOW | -$12M |
| Net Change in Cash | -$31M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $64M |
| Short-Term Investments | $0 |
| Net Receivables | $29M |
| Inventory | $9M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $112M |
| PP&E (Net) | $23M |
| Goodwill | $34M |
| Intangible Assets | $19M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $407.0K |
| TOTAL NON-CURRENT ASSETS | $78M |
| TOTAL ASSETS | $190M |
| Account Payables | $14M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1M |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $36M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $502.0K |
| Other Non-Current Liabilities | $15M |
| TOTAL NON-CURRENT LIABILITIES | $30M |
| TOTAL LIABILITIES | $66M |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $173M |
| Retained Earnings | -$49M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $124M |
| Minority Interest | $0 |
| TOTAL EQUITY | $124M |
| TOTAL LIABILITIES & EQUITY | $190M |
| Total Debt | $19M |
| Net Debt | -$45M |
