| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $9M | $4M | -21.9% | 52.0% |
| Op. Income | $711.3K | -$196.4K | $564.1K | 462.2% | 26.1% |
| Gross Margin | 54.6% | 32.7% | 57.8% | 21.9pp | -3.2pp |
| Net Margin | 8.5% | 0.1% | 14.7% | 8.4pp | -6.2pp |
| EPS (Diluted) | $0.05 | $0.00 | $0.08 | 3992.3% | -33.5% |
| Free Cash Flow | -$4M | $6M | -$2M | -160.6% | -124.2% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $4M |
| R&D Expenses | $679.4K |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $6M |
| OPERATING INCOME | $711.3K |
| Other Income/Expenses | -$10.2K |
| INCOME BEFORE TAX | $701.1K |
| Income Tax Expense | $124.0K |
| Net Income from Continuing Ops | $577.1K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $577.1K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $577.1K |
| D&A | $295.6K |
| EBIT | $711.3K |
| EBITDA | $1M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $4M |
| R&D Expenses | $679.4K |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $6M |
| OPERATING INCOME | $711.3K |
| Other Income/Expenses | -$10.2K |
| INCOME BEFORE TAX | $701.1K |
| Income Tax Expense | $124.0K |
| Net Income from Continuing Ops | $577.1K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $577.1K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $577.1K |
| D&A | $295.6K |
| EBIT | $711.3K |
| EBITDA | $1M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $577.1K |
| Depreciation & Amortization | $295.4K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$63.2K |
| Other Non-Cash Items | $26.4K |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$804.4K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$856.1K |
| Net Debt Issuance | -$58.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$50.0K |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $16M |
| Short-Term Investments | $0 |
| Net Receivables | $11M |
| Inventory | $7M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $35M |
| PP&E (Net) | $14M |
| Goodwill | $0 |
| Intangible Assets | $566.2K |
| Long-Term Investments | $0 |
| Tax Assets | $2M |
| Other Non-Current Assets | $396.2K |
| TOTAL NON-CURRENT ASSETS | $17M |
| TOTAL ASSETS | $51M |
| Account Payables | $1M |
| Short-Term Debt | $235.1K |
| Deferred Revenue | $5M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $9M |
| Long-Term Debt | $8M |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5.4K |
| TOTAL NON-CURRENT LIABILITIES | $11M |
| TOTAL LIABILITIES | $20M |
| Common Stock | $1.1K |
| Additional Paid-In Capital | $31M |
| Retained Earnings | $881.3K |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $32M |
| Minority Interest | $0 |
| TOTAL EQUITY | $32M |
| TOTAL LIABILITIES & EQUITY | $51M |
| Total Debt | $9M |
| Net Debt | -$6M |
