| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10M | $13M | $11M | -18.1% | -1.8% |
| Op. Income | -$10M | -$6M | -$6M | -54.8% | -73.9% |
| Gross Margin | 44.0% | 61.1% | 55.5% | -17.0pp | -11.5pp |
| Net Margin | -98.8% | -55.6% | -58.6% | -43.2pp | -40.2pp |
| EPS (Diluted) | $-0.60 | $-0.42 | $-0.48 | -42.9% | -25.0% |
| Free Cash Flow | -$10M | -$7M | -$4M | -35.9% | -115.7% |
| Item | Amount |
|---|---|
| REVENUE | $10M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $5M |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $12M |
| Other Expenses | $0 |
| Operating Expenses | $14M |
| Cost & Expenses | $20M |
| OPERATING INCOME | -$10M |
| Interest Income | $5.0K |
| Interest Expense | $598.0K |
| Other Income/Expenses | -$593.0K |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $283.0K |
| EBIT | -$10M |
| EBITDA | -$9M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $283.0K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $392.0K |
| Change in Working Capital | -$353.0K |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$146.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $116.0K |
| NET CASH FROM FINANCING | -$30.0K |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | -$10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $90M |
| Short-Term Investments | $0 |
| Net Receivables | $11M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $104M |
| PP&E (Net) | $12M |
| Goodwill | $6M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $701.0K |
| TOTAL NON-CURRENT ASSETS | $18M |
| TOTAL ASSETS | $122M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $12M |
| Long-Term Debt | $28M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $306.0K |
| Other Non-Current Liabilities | $763.0K |
| TOTAL NON-CURRENT LIABILITIES | $34M |
| TOTAL LIABILITIES | $46M |
| Common Stock | $16.0K |
| Additional Paid-In Capital | $295M |
| Retained Earnings | -$218M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $76M |
| Minority Interest | $0 |
| TOTAL EQUITY | $76M |
| TOTAL LIABILITIES & EQUITY | $122M |
| Total Debt | $34M |
| Net Debt | -$55M |
