| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $131M | $141M | $196M | -7.3% | -33.2% |
| Op. Income | -$40M | -$41M | -$54M | 1.3% | 24.8% |
| Gross Margin | 68.9% | 62.9% | 67.9% | 6.1pp | 1.0pp |
| Net Margin | -24.0% | -27.9% | -26.8% | 3.9pp | 2.8pp |
| EPS (Diluted) | $-0.27 | $-0.31 | $-0.42 | 12.6% | 34.4% |
| Free Cash Flow | $4M | — | — | — | — |
| Item | Amount |
|---|---|
| REVENUE | $131M |
| Cost of Revenue | $41M |
| GROSS PROFIT | $90M |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $125M |
| Other Expenses | $0 |
| Operating Expenses | $130M |
| Cost & Expenses | $171M |
| OPERATING INCOME | -$40M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | -$32M |
| Income Tax Expense | $556.7K |
| Net Income from Continuing Ops | -$32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$31M |
| D&A | $2M |
| EBIT | -$34M |
| EBITDA | -$32M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$31M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $33M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $4M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $4M |
| Net Change in Cash | -$51M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $214M |
| Short-Term Investments | $160M |
| Net Receivables | $31M |
| Inventory | $71M |
| Other Current Assets | $8.8K |
| TOTAL CURRENT ASSETS | $522M |
| PP&E (Net) | $35M |
| Goodwill | $120M |
| Intangible Assets | $98M |
| Long-Term Investments | $74M |
| Tax Assets | $269.9K |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $342M |
| TOTAL ASSETS | $864M |
| Account Payables | $23M |
| Short-Term Debt | $0 |
| Deferred Revenue | $3M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $95M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $7M |
| Deferred Tax Liabilities | $16M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $31M |
| TOTAL LIABILITIES | $127M |
| Common Stock | $25.3K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$956M |
| Treasury Stock | -$98M |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $687M |
| Minority Interest | $51M |
| TOTAL EQUITY | $737M |
| TOTAL LIABILITIES & EQUITY | $864M |
| Total Debt | $22M |
| Net Debt | -$192M |
