| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14M | $15M | $14M | -2.8% | 3.2% |
| Op. Income | -$55M | -$48M | -$56M | -16.1% | 0.5% |
| Gross Margin | -277.4% | -225.5% | -277.2% | -51.8pp | -0.1pp |
| Net Margin | -363.1% | -310.7% | -397.4% | -52.4pp | 34.3pp |
| EPS (Diluted) | $-0.63 | $-0.56 | $-0.68 | -12.5% | 7.4% |
| Free Cash Flow | -$50M | -$51M | -$50M | 2.5% | 0.3% |
| Item | Amount |
|---|---|
| REVENUE | $14M |
| Cost of Revenue | $54M |
| GROSS PROFIT | -$40M |
| R&D Expenses | $57M |
| Selling & Marketing | $0 |
| General & Administrative | $15M |
| SG&A Expenses | $15M |
| Other Expenses | -$57M |
| Operating Expenses | $15M |
| Cost & Expenses | $70M |
| OPERATING INCOME | -$55M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$52M |
| Income Tax Expense | $721.0K |
| Net Income from Continuing Ops | -$52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$52M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$52M |
| D&A | $1M |
| EBIT | -$55M |
| EBITDA | -$54M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$52M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | -$49M |
| Capital Expenditure | -$766.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$163M |
| Sales/Maturities of Investments | $182M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $18M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $636.0K |
| FREE CASH FLOW | -$50M |
| Net Change in Cash | -$30M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $154M |
| Short-Term Investments | $559M |
| Net Receivables | $3M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $726M |
| PP&E (Net) | $53M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $61M |
| TOTAL ASSETS | $788M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $48M |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $94M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $443M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $759.0K |
| TOTAL NON-CURRENT LIABILITIES | $479M |
| TOTAL LIABILITIES | $573M |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $799M |
| Retained Earnings | -$580M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $214M |
| Minority Interest | $0 |
| TOTAL EQUITY | $214M |
| TOTAL LIABILITIES & EQUITY | $788M |
| Total Debt | $43M |
| Net Debt | -$111M |
