| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $15M | $8M | $12M | 93.6% | 20.2% |
| Op. Income | -$8M | -$14M | -$7M | 44.4% | -20.2% |
| Gross Margin | 59.2% | 20.1% | 55.2% | 39.1pp | 4.0pp |
| Net Margin | -55.0% | -192.8% | -58.6% | 137.8pp | 3.6pp |
| EPS (Diluted) | $-0.47 | $-0.86 | $-0.42 | 45.3% | -11.9% |
| Free Cash Flow | -$8M | -$13M | -$6M | 42.3% | -28.5% |
| Item | Amount |
|---|---|
| REVENUE | $15M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $9M |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $14M |
| Other Expenses | $0 |
| Operating Expenses | $17M |
| Cost & Expenses | $23M |
| OPERATING INCOME | -$8M |
| Interest Income | $0 |
| Interest Expense | $618.0K |
| Other Income/Expenses | -$279.0K |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $440.0K |
| EBIT | -$7M |
| EBITDA | -$7M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $440.0K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $437.0K |
| Change in Working Capital | -$769.0K |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | -$879.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$879.0K |
| Net Debt Issuance | -$174.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $152.0K |
| NET CASH FROM FINANCING | -$22.0K |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $69M |
| Short-Term Investments | $0 |
| Net Receivables | $11M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $82M |
| PP&E (Net) | $13M |
| Goodwill | $6M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $586.0K |
| TOTAL NON-CURRENT ASSETS | $20M |
| TOTAL ASSETS | $102M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $445.0K |
| TOTAL CURRENT LIABILITIES | $11M |
| Long-Term Debt | $28M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $306.0K |
| Other Non-Current Liabilities | $999.0K |
| TOTAL NON-CURRENT LIABILITIES | $34M |
| TOTAL LIABILITIES | $45M |
| Common Stock | $16.0K |
| Additional Paid-In Capital | $297M |
| Retained Earnings | -$241M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $56M |
| Minority Interest | $0 |
| TOTAL EQUITY | $56M |
| TOTAL LIABILITIES & EQUITY | $102M |
| Total Debt | $35M |
| Net Debt | -$34M |
