| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13M | $3M | $2M | 292.4% | 495.4% |
| Op. Income | -$11M | -$21M | -$16M | 47.2% | 30.0% |
| Gross Margin | 100.0% | -499.3% | -552.2% | 599.3pp | 652.2pp |
| Net Margin | -125.3% | -665.0% | -775.2% | 539.7pp | 649.9pp |
| EPS (Diluted) | $-0.11 | $-0.21 | $-0.18 | 47.6% | 38.9% |
| Free Cash Flow | $21M | -$20M | -$18M | 204.5% | 214.3% |
| Item | Amount |
|---|---|
| REVENUE | $13M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $13M |
| R&D Expenses | $18M |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | $201.0K |
| Operating Expenses | $24M |
| Cost & Expenses | $24M |
| OPERATING INCOME | -$11M |
| Interest Income | $159.0K |
| Interest Expense | $506.0K |
| Other Income/Expenses | -$347.0K |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | -$16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$16M |
| D&A | $394.0K |
| EBIT | -$11M |
| EBITDA | -$10M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$16M |
| Depreciation & Amortization | $394.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$488.0K |
| Change in Working Capital | $35M |
| OPERATING CASH FLOW | $21M |
| Capital Expenditure | -$75.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$62M |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$60M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $11M |
| NET CASH FROM FINANCING | $11M |
| FREE CASH FLOW | $21M |
| Net Change in Cash | -$28M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $81M |
| Short-Term Investments | $84M |
| Net Receivables | $1M |
| Inventory | $0 |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $173M |
| PP&E (Net) | $8M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $56M |
| Tax Assets | $0 |
| Other Non-Current Assets | $190.0K |
| TOTAL NON-CURRENT ASSETS | $64M |
| TOTAL ASSETS | $237M |
| Account Payables | $1M |
| Short-Term Debt | $439.0K |
| Deferred Revenue | $23M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $32M |
| Long-Term Debt | $15M |
| Deferred Revenue NC | $16M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $39M |
| TOTAL LIABILITIES | $71M |
| Common Stock | $1.3B |
| Additional Paid-In Capital | $67M |
| Retained Earnings | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$49M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $166M |
| Minority Interest | $0 |
| TOTAL EQUITY | $166M |
| TOTAL LIABILITIES & EQUITY | $237M |
| Total Debt | $18M |
| Net Debt | -$63M |
