| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $48M | $44M | $39M | 9.6% | 21.2% |
| Op. Income | -$45M | -$53M | -$56M | 13.5% | 19.3% |
| Gross Margin | 68.8% | 69.7% | 64.0% | -0.9pp | 4.8pp |
| Net Margin | -94.7% | -119.2% | -141.6% | 24.5pp | 47.0pp |
| EPS (Diluted) | $-0.32 | $-0.36 | $-0.40 | 11.1% | 20.0% |
| Free Cash Flow | -$48M | -$52M | -$58M | 8.6% | 17.6% |
| Item | Amount |
|---|---|
| REVENUE | $48M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $33M |
| R&D Expenses | $36M |
| Selling & Marketing | $22M |
| General & Administrative | $21M |
| SG&A Expenses | $42M |
| Other Expenses | $428.0K |
| Operating Expenses | $78M |
| Cost & Expenses | $93M |
| OPERATING INCOME | -$45M |
| Interest Income | $765.0K |
| Interest Expense | $653.0K |
| Other Income/Expenses | $112.0K |
| INCOME BEFORE TAX | -$45M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$45M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$45M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$45M |
| D&A | $5M |
| EBIT | -$45M |
| EBITDA | -$39M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$45M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $15M |
| Change in Working Capital | -$19M |
| OPERATING CASH FLOW | -$42M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$29M |
| Sales/Maturities of Investments | $92M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $58M |
| Net Debt Issuance | $125M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $126M |
| FREE CASH FLOW | -$48M |
| Net Change in Cash | $141M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $218M |
| Short-Term Investments | $291M |
| Net Receivables | $27M |
| Inventory | $17M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $564M |
| PP&E (Net) | $169M |
| Goodwill | $119M |
| Intangible Assets | $7M |
| Long-Term Investments | $20M |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $320M |
| TOTAL ASSETS | $884M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $68M |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $104M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $67M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $125M |
| TOTAL NON-CURRENT LIABILITIES | $292M |
| TOTAL LIABILITIES | $396M |
| Common Stock | $14.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | -$879M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $488M |
| Minority Interest | -$26.0K |
| TOTAL EQUITY | $488M |
| TOTAL LIABILITIES & EQUITY | $884M |
| Total Debt | $109M |
| Net Debt | -$109M |
