| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $1M | $2M | 136.4% | 53.9% |
| Op. Income | -$28M | -$29M | -$21M | 3.2% | -32.3% |
| Gross Margin | -43.7% | -213.5% | 100.0% | 169.8pp | -143.7pp |
| Net Margin | -1150.7% | -2862.3% | -1535.7% | 1711.6pp | 385.0pp |
| EPS (Diluted) | $-0.30 | $-0.32 | $-0.32 | 6.3% | 6.3% |
| Free Cash Flow | -$24M | -$26M | -$27M | 9.6% | 12.6% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $3M |
| GROSS PROFIT | -$1M |
| R&D Expenses | $16M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $27M |
| Cost & Expenses | $30M |
| OPERATING INCOME | -$28M |
| Interest Income | $0 |
| Interest Expense | $279.0K |
| Other Income/Expenses | $396.0K |
| INCOME BEFORE TAX | -$28M |
| Income Tax Expense | -$312.0K |
| Net Income from Continuing Ops | -$27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$27M |
| D&A | $3M |
| EBIT | -$27M |
| EBITDA | -$24M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$27M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$329.0K |
| Other Non-Cash Items | $208.0K |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | -$19M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$74M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$79M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$921.0K |
| FREE CASH FLOW | -$24M |
| Net Change in Cash | -$99M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $107M |
| Short-Term Investments | $74M |
| Net Receivables | $210.0K |
| Inventory | $0 |
| Other Current Assets | $15M |
| TOTAL CURRENT ASSETS | $201M |
| PP&E (Net) | $61M |
| Goodwill | $21M |
| Intangible Assets | $52M |
| Long-Term Investments | $2M |
| Tax Assets | -$2M |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $138M |
| TOTAL ASSETS | $339M |
| Account Payables | $2M |
| Short-Term Debt | $7M |
| Deferred Revenue | $679.0K |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $30M |
| Long-Term Debt | $7M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $756.0K |
| Other Non-Current Liabilities | $33.0K |
| TOTAL NON-CURRENT LIABILITIES | $16M |
| TOTAL LIABILITIES | $46M |
| Common Stock | $9.0K |
| Additional Paid-In Capital | $569M |
| Retained Earnings | -$276M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $26.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $293M |
| Minority Interest | $0 |
| TOTAL EQUITY | $293M |
| TOTAL LIABILITIES & EQUITY | $339M |
| Total Debt | $26M |
| Net Debt | -$81M |
