Q1 2022 Earnings

Reported March 30, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q1 2022	Q4 2021	Q1 2021	QoQ Change	YoY Change
Revenue	$40M	$26M	$16M	52.5%	149.0%
Op. Income	-$37M	-$24M	-$8M	-56.9%	-378.2%
Gross Margin	41.0%	32.5%	46.6%	8.6pp	-5.5pp
Net Margin	-12.8%	-418.8%	-140.6%	406.0pp	127.8pp
EPS (Diluted)	$0.00	$0.00	$-0.02	NaN%	100.0%

Income Statement

Item	Amount
REVENUE	$40M
Cost of Revenue	$23M
GROSS PROFIT	$16M
R&D Expenses	$0
Selling & Marketing	$9M
General & Administrative	$25M
SG&A Expenses	$34M
Other Expenses	$19M
Operating Expenses	$53M
Cost & Expenses	$77M
OPERATING INCOME	-$37M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$32M
INCOME BEFORE TAX	-$5M
Income Tax Expense	$344.2K
Net Income from Continuing Ops	-$5M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$5M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$5M
D&A	$1M
EBIT	-$37M
EBITDA	-$36M
EPS	$0
EPS Diluted	$0