| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $45M | $40M | $26M | 12.9% | 73.6% |
| Op. Income | -$44M | -$37M | -$23M | -19.0% | -88.3% |
| Gross Margin | 39.6% | 41.0% | 32.5% | -1.5pp | 7.1pp |
| Net Margin | -70.8% | -12.8% | -418.8% | -58.0pp | 348.0pp |
| EPS (Diluted) | $-0.19 | $-0.03 | $-0.41 | -469.4% | 54.3% |
| Free Cash Flow | -$51M | — | -$25M | — | -106.0% |
| Item | Amount |
|---|---|
| REVENUE | $45M |
| Cost of Revenue | $27M |
| GROSS PROFIT | $18M |
| R&D Expenses | $5M |
| Selling & Marketing | $5M |
| General & Administrative | $28M |
| SG&A Expenses | $33M |
| Other Expenses | $23M |
| Operating Expenses | $62M |
| Cost & Expenses | $89M |
| OPERATING INCOME | -$44M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $15M |
| INCOME BEFORE TAX | -$29M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$32M |
| D&A | $2M |
| EBIT | -$44M |
| EBITDA | -$42M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$27M |
| Depreciation & Amortization | $372.4K |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $754.0K |
| Change in Working Capital | -$22M |
| OPERATING CASH FLOW | -$42M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | -$230.3K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | -$17M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $41M |
| NET CASH FROM FINANCING | $41M |
| FREE CASH FLOW | -$51M |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $82M |
| Short-Term Investments | $5M |
| Net Receivables | $39M |
| Inventory | $107M |
| Other Current Assets | $17M |
| TOTAL CURRENT ASSETS | $250M |
| PP&E (Net) | $81M |
| Goodwill | $15M |
| Intangible Assets | $11M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $56M |
| TOTAL NON-CURRENT ASSETS | $163M |
| TOTAL ASSETS | $414M |
| Account Payables | $65M |
| Short-Term Debt | $87M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $175M |
| Long-Term Debt | $43M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $73M |
| TOTAL LIABILITIES | $248M |
| Common Stock | $45M |
| Additional Paid-In Capital | $371M |
| Retained Earnings | -$301M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $51M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $166M |
| Minority Interest | $0 |
| TOTAL EQUITY | $166M |
| TOTAL LIABILITIES & EQUITY | $414M |
| Total Debt | $158M |
| Net Debt | $76M |
