| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14M | $13M | $2M | 13.2% | 511.5% |
| Op. Income | -$14M | -$11M | -$19M | -28.6% | 24.3% |
| Gross Margin | 100.0% | 100.0% | -578.4% | 0.0pp | 678.4pp |
| Net Margin | -99.7% | -125.3% | -832.4% | 25.7pp | 732.8pp |
| EPS (Diluted) | $-0.10 | $-0.11 | $-0.20 | 12.7% | 52.0% |
| Free Cash Flow | -$21M | $21M | -$15M | -199.8% | -40.1% |
| Item | Amount |
|---|---|
| REVENUE | $14M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $14M |
| R&D Expenses | $23M |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | $208.0K |
| Operating Expenses | $28M |
| Cost & Expenses | $28M |
| OPERATING INCOME | -$14M |
| Interest Income | $396.0K |
| Interest Expense | $482.0K |
| Other Income/Expenses | -$83.0K |
| INCOME BEFORE TAX | -$14M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$14M |
| D&A | $383.0K |
| EBIT | -$14M |
| EBITDA | -$13M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $383.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$935.0K |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | -$20M |
| Capital Expenditure | -$212.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$23M |
| Sales/Maturities of Investments | $9M |
| Other Investing Activities | $20.0K |
| NET CASH FROM INVESTING | -$14M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $113.0K |
| NET CASH FROM FINANCING | $113.0K |
| FREE CASH FLOW | -$21M |
| Net Change in Cash | -$34M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $47M |
| Short-Term Investments | $103M |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $158M |
| PP&E (Net) | $7M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $50M |
| Tax Assets | $0 |
| Other Non-Current Assets | $180.0K |
| TOTAL NON-CURRENT ASSETS | $58M |
| TOTAL ASSETS | $216M |
| Account Payables | $0 |
| Short-Term Debt | $377.0K |
| Deferred Revenue | $17M |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $30M |
| Long-Term Debt | $14M |
| Deferred Revenue NC | $11M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $33M |
| TOTAL LIABILITIES | $63M |
| Common Stock | $1.3B |
| Additional Paid-In Capital | $69M |
| Retained Earnings | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$50M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $153M |
| Minority Interest | $0 |
| TOTAL EQUITY | $153M |
| TOTAL LIABILITIES & EQUITY | $216M |
| Total Debt | $17M |
| Net Debt | -$31M |
