| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $80M | $24M | $7M | 226.3% | 1115.8% |
| Op. Income | $9M | -$44M | -$55M | 121.5% | 117.1% |
| Gross Margin | 31.7% | -116.7% | -628.0% | 148.4pp | 659.8pp |
| Net Margin | 12.4% | -182.3% | -839.6% | 194.7pp | 852.0pp |
| EPS (Diluted) | $0.12 | $-0.54 | $-0.69 | 122.2% | 117.4% |
| Free Cash Flow | -$58M | $134M | -$45M | -143.3% | -28.2% |
| Item | Amount |
|---|---|
| REVENUE | $80M |
| Cost of Revenue | $55M |
| GROSS PROFIT | $25M |
| R&D Expenses | $58M |
| Selling & Marketing | $0 |
| General & Administrative | $16M |
| SG&A Expenses | $16M |
| Other Expenses | -$58M |
| Operating Expenses | $16M |
| Cost & Expenses | $70M |
| OPERATING INCOME | $9M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $11M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10M |
| D&A | $1M |
| EBIT | $9M |
| EBITDA | $11M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $80M |
| Cost of Revenue | $55M |
| GROSS PROFIT | $25M |
| R&D Expenses | $58M |
| Selling & Marketing | $0 |
| General & Administrative | $16M |
| SG&A Expenses | $16M |
| Other Expenses | -$58M |
| Operating Expenses | $16M |
| Cost & Expenses | $70M |
| OPERATING INCOME | $9M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $11M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10M |
| D&A | $1M |
| EBIT | $9M |
| EBITDA | $11M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $10M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $148.0K |
| Change in Working Capital | -$82M |
| OPERATING CASH FLOW | -$57M |
| Capital Expenditure | -$744.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$291M |
| Sales/Maturities of Investments | $66M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$226M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $906.0K |
| FREE CASH FLOW | -$58M |
| Net Change in Cash | -$282M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $172M |
| Short-Term Investments | $637M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $827M |
| PP&E (Net) | $55M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $63M |
| TOTAL ASSETS | $890M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $107M |
| TOTAL CURRENT LIABILITIES | $149M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $414M |
| TOTAL NON-CURRENT LIABILITIES | $452M |
| TOTAL LIABILITIES | $601M |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $776M |
| Retained Earnings | -$481M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | -$1 |
| TOTAL STOCKHOLDERS' EQUITY | $289M |
| Minority Interest | $0 |
| TOTAL EQUITY | $289M |
| TOTAL LIABILITIES & EQUITY | $890M |
| Total Debt | $46M |
| Net Debt | -$127M |
