| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $213M | $259M | $178M | -17.5% | 20.1% |
| Op. Income | -$147M | -$195M | -$186M | 24.6% | 21.2% |
| Gross Margin | 83.3% | 85.4% | 82.5% | -2.1pp | 0.8pp |
| Net Margin | -112.7% | -100.0% | -112.8% | -12.7pp | 0.1pp |
| EPS (Diluted) | $-2.00 | $-2.16 | $-1.71 | 7.4% | -17.0% |
| Free Cash Flow | -$189M | -$172M | -$253M | -9.9% | 25.2% |
| Item | Amount |
|---|---|
| REVENUE | $213M |
| Cost of Revenue | $36M |
| GROSS PROFIT | $178M |
| R&D Expenses | $170M |
| Selling & Marketing | $0 |
| General & Administrative | $154M |
| SG&A Expenses | $154M |
| Other Expenses | $0 |
| Operating Expenses | $324M |
| Cost & Expenses | $360M |
| OPERATING INCOME | -$147M |
| Interest Income | $1M |
| Interest Expense | $42M |
| Other Income/Expenses | -$93M |
| INCOME BEFORE TAX | -$239M |
| Income Tax Expense | $985.0K |
| Net Income from Continuing Ops | -$240M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$240M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$240M |
| D&A | $9M |
| EBIT | -$197M |
| EBITDA | -$188M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$240M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $29M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $90M |
| Change in Working Capital | -$60M |
| OPERATING CASH FLOW | -$171M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$635M |
| Sales/Maturities of Investments | $505M |
| Other Investing Activities | -$75.0K |
| NET CASH FROM INVESTING | -$147M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $8M |
| NET CASH FROM FINANCING | $35M |
| FREE CASH FLOW | -$189M |
| Net Change in Cash | -$286M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $534M |
| Short-Term Investments | $1.7B |
| Net Receivables | $157M |
| Inventory | $79M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.6B |
| PP&E (Net) | $733M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $111M |
| TOTAL NON-CURRENT ASSETS | $844M |
| TOTAL ASSETS | $3.4B |
| Account Payables | $55M |
| Short-Term Debt | $0 |
| Deferred Revenue | $132M |
| Other Current Liabilities | $22M |
| TOTAL CURRENT LIABILITIES | $606M |
| Long-Term Debt | $677M |
| Deferred Revenue NC | $158M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.3B |
| TOTAL NON-CURRENT LIABILITIES | $2.4B |
| TOTAL LIABILITIES | $3.0B |
| Common Stock | $1M |
| Additional Paid-In Capital | $6.1B |
| Retained Earnings | -$5.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$38M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $401M |
| Minority Interest | $0 |
| TOTAL EQUITY | $401M |
| TOTAL LIABILITIES & EQUITY | $3.4B |
| Total Debt | $995M |
| Net Debt | $461M |
