| Metric | Q3 2021 | Q2 2021 | Q3 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $188M | $221M | $126M | -14.9% | 49.1% |
| Op. Income | -$182M | -$146M | -$225M | -24.3% | 19.3% |
| Gross Margin | 82.6% | 82.4% | 82.7% | 0.2pp | -0.1pp |
| Net Margin | -109.0% | -85.9% | -201.3% | -23.0pp | 92.3pp |
| EPS (Diluted) | $-1.72 | $-1.61 | $-2.18 | -6.8% | 21.1% |
| Free Cash Flow | -$160M | -$133M | -$123M | -20.3% | -30.4% |
| Item | Amount |
|---|---|
| REVENUE | $188M |
| Cost of Revenue | $33M |
| GROSS PROFIT | $155M |
| R&D Expenses | $195M |
| Selling & Marketing | $0 |
| General & Administrative | $142M |
| SG&A Expenses | $142M |
| Other Expenses | $0 |
| Operating Expenses | $337M |
| Cost & Expenses | $369M |
| OPERATING INCOME | -$182M |
| Interest Income | $225.0K |
| Interest Expense | $40M |
| Other Income/Expenses | -$23M |
| INCOME BEFORE TAX | -$204M |
| Income Tax Expense | $278.0K |
| Net Income from Continuing Ops | -$205M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$205M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$205M |
| D&A | $12M |
| EBIT | -$164M |
| EBITDA | -$152M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$205M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $33M |
| Deferred Income Tax | -$19M |
| Other Non-Cash Items | $33M |
| Change in Working Capital | -$465.0K |
| OPERATING CASH FLOW | -$134M |
| Capital Expenditure | -$26M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$458M |
| Sales/Maturities of Investments | $396M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$88M |
| Net Debt Issuance | $494M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $8M |
| NET CASH FROM FINANCING | $574M |
| FREE CASH FLOW | -$160M |
| Net Change in Cash | $348M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $1.2B |
| Net Receivables | $141M |
| Inventory | $98M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.7B |
| PP&E (Net) | $721M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $76M |
| TOTAL NON-CURRENT ASSETS | $797M |
| TOTAL ASSETS | $3.5B |
| Account Payables | $40M |
| Short-Term Debt | $0 |
| Deferred Revenue | $115M |
| Other Current Liabilities | $26M |
| TOTAL CURRENT LIABILITIES | $611M |
| Long-Term Debt | $434M |
| Deferred Revenue NC | $177M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.2B |
| TOTAL NON-CURRENT LIABILITIES | $2.1B |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $1M |
| Additional Paid-In Capital | $6.0B |
| Retained Earnings | -$5.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$34M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $756M |
| Minority Interest | $0 |
| TOTAL EQUITY | $756M |
| TOTAL LIABILITIES & EQUITY | $3.5B |
| Total Debt | $760M |
| Net Debt | -$334M |
