| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | $6M | — | -37.0% | — |
| Op. Income | -$91M | -$98M | — | 6.7% | — |
| Gross Margin | -42.5% | 6.7% | — | -49.2pp | — |
| Net Margin | -2325.0% | -1644.7% | — | -680.3pp | — |
| EPS (Diluted) | $-1.32 | $-1.68 | — | 21.4% | — |
| Free Cash Flow | -$71M | -$76M | — | 6.3% | — |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $5M |
| GROSS PROFIT | -$1M |
| R&D Expenses | $63M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $27M |
| Other Expenses | $0 |
| Operating Expenses | $90M |
| Cost & Expenses | $95M |
| OPERATING INCOME | -$91M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | -$82M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$82M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$82M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$82M |
| D&A | $4M |
| EBIT | -$82M |
| EBITDA | -$77M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$82M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | -$71M |
| Capital Expenditure | -$38.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$174M |
| Sales/Maturities of Investments | $279M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $104M |
| Net Debt Issuance | -$84.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$71M |
| Net Change in Cash | $34M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $122M |
| Short-Term Investments | $605M |
| Net Receivables | $6M |
| Inventory | $5M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $785M |
| PP&E (Net) | $93M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $298M |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $395M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $10M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $54M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $77M |
| TOTAL LIABILITIES | $130M |
| Common Stock | $71.0K |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | -$507M |
| Treasury Stock | -$802M |
| Accum. Other Comp. Income | -$15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $89M |
| Net Debt | -$34M |
