Q1 2022 Earnings

Reported March 29, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q1 2022	Q4 2021	Q1 2021	QoQ Change	YoY Change
Revenue	$15M	—	—	—	—
Op. Income	-$4M	—	—	—	—
Gross Margin	72.0%	—	—	—	—
Net Margin	-37.1%	—	—	—	—
EPS (Diluted)	$-0.16	—	—	—	—

Income Statement

Item	Amount
REVENUE	$15M
Cost of Revenue	$4M
GROSS PROFIT	$11M
R&D Expenses	$9M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$6M
Other Expenses	$0
Operating Expenses	$15M
Cost & Expenses	$19M
OPERATING INCOME	-$4M
Interest Income	$215.0K
Interest Expense	$0
Other Income/Expenses	$0
INCOME BEFORE TAX	-$4M
Income Tax Expense	$1M
Net Income from Continuing Ops	-$6M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$6M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$6M
D&A	$0
EBIT	-$4M
EBITDA	-$4M
EPS	-$0
EPS Diluted	-$0