| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13M | $14M | $13M | -7.8% | -2.3% |
| Op. Income | -$12M | -$5M | -$1M | -140.2% | -699.6% |
| Gross Margin | 85.8% | 83.8% | 81.8% | 2.0pp | 4.0pp |
| Net Margin | -108.8% | -45.1% | -21.3% | -63.7pp | -87.5pp |
| EPS (Diluted) | $-1.77 | $-0.80 | $-0.38 | -122.1% | -367.8% |
| Free Cash Flow | -$4M | -$9M | -$3M | 53.9% | -59.3% |
| Item | Amount |
|---|---|
| REVENUE | $13M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $11M |
| R&D Expenses | $16M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $7M |
| Other Expenses | $1.4K |
| Operating Expenses | $23M |
| Cost & Expenses | $25M |
| OPERATING INCOME | -$12M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$14M |
| Income Tax Expense | -$27.4K |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$14M |
| D&A | $176.0K |
| EBIT | -$13M |
| EBITDA | -$13M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $47.1K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$88.3K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$185.2K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$185.2K |
| Net Debt Issuance | -$3.7K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $47.1K |
| NET CASH FROM FINANCING | $43.4K |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $112M |
| Short-Term Investments | $0 |
| Net Receivables | $11M |
| Inventory | $6M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $140M |
| PP&E (Net) | $6M |
| Goodwill | $7M |
| Intangible Assets | $4M |
| Long-Term Investments | $1M |
| Tax Assets | $13M |
| Other Non-Current Assets | $866.4K |
| TOTAL NON-CURRENT ASSETS | $32M |
| TOTAL ASSETS | $173M |
| Account Payables | $8M |
| Short-Term Debt | $4M |
| Deferred Revenue | $452.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $21M |
| Long-Term Debt | $11M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $63.4K |
| Other Non-Current Liabilities | $15.0K |
| TOTAL NON-CURRENT LIABILITIES | $16M |
| TOTAL LIABILITIES | $37M |
| Common Stock | $822.5K |
| Additional Paid-In Capital | $246M |
| Retained Earnings | -$102M |
| Treasury Stock | -$8M |
| Accum. Other Comp. Income | -$581.5K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $136M |
| Minority Interest | $0 |
| TOTAL EQUITY | $136M |
| TOTAL LIABILITIES & EQUITY | $173M |
| Total Debt | $20M |
| Net Debt | -$92M |
