| Metric | FY 2022 | Prior Q | FY 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $46M | — | $48M | — | -5.7% |
| Op. Income | -$46M | — | -$24M | — | -91.3% |
| Gross Margin | 46.9% | — | 57.4% | — | -10.5pp |
| Net Margin | -104.0% | — | -55.6% | — | -48.4pp |
| EPS (Diluted) | $-2.77 | — | $-1.68 | — | -64.9% |
| Free Cash Flow | -$36M | — | -$23M | — | -61.1% |
| Item | Amount |
|---|---|
| REVENUE | $46M |
| Cost of Revenue | $24M |
| GROSS PROFIT | $21M |
| R&D Expenses | $10M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $52M |
| Other Expenses | $6M |
| Operating Expenses | $67M |
| Cost & Expenses | $92M |
| OPERATING INCOME | -$46M |
| Interest Income | $830.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$48M |
| Income Tax Expense | -$282.0K |
| Net Income from Continuing Ops | -$47M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$47M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$47M |
| D&A | $2M |
| EBIT | -$45M |
| EBITDA | -$44M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$47M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$306.0K |
| Other Non-Cash Items | $8M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$32M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$696.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$239.0K |
| NET CASH FROM FINANCING | -$489.0K |
| FREE CASH FLOW | -$36M |
| Net Change in Cash | -$37M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $62M |
| Short-Term Investments | $0 |
| Net Receivables | $6M |
| Inventory | $0 |
| Other Current Assets | $236.0K |
| TOTAL CURRENT ASSETS | $73M |
| PP&E (Net) | $13M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $528.0K |
| TOTAL NON-CURRENT ASSETS | $14M |
| TOTAL ASSETS | $86M |
| Account Payables | $3M |
| Short-Term Debt | $190.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $445.0K |
| TOTAL CURRENT LIABILITIES | $10M |
| Long-Term Debt | $29M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $867.0K |
| TOTAL NON-CURRENT LIABILITIES | $34M |
| TOTAL LIABILITIES | $44M |
| Common Stock | $17.0K |
| Additional Paid-In Capital | $298M |
| Retained Earnings | -$256M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $42M |
| Minority Interest | $0 |
| TOTAL EQUITY | $42M |
| TOTAL LIABILITIES & EQUITY | $86M |
| Total Debt | $35M |
| Net Debt | -$27M |
