| Metric | Q4 2021 | Q3 2021 | Q4 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $259M | $188M | $164M | 37.8% | 58.1% |
| Op. Income | -$195M | -$182M | -$194M | -7.1% | -0.2% |
| Gross Margin | 85.4% | 82.6% | 85.9% | 2.8pp | -0.5pp |
| Net Margin | -100.0% | -109.0% | -148.9% | 9.0pp | 48.9pp |
| EPS (Diluted) | $-2.16 | $-1.72 | $-2.09 | -25.6% | -3.3% |
| Free Cash Flow | -$172M | -$160M | -$145M | -7.5% | -18.8% |
| Item | Amount |
|---|---|
| REVENUE | $259M |
| Cost of Revenue | $38M |
| GROSS PROFIT | $221M |
| R&D Expenses | $229M |
| Selling & Marketing | $0 |
| General & Administrative | $186M |
| SG&A Expenses | $186M |
| Other Expenses | $0 |
| Operating Expenses | $415M |
| Cost & Expenses | $453M |
| OPERATING INCOME | -$195M |
| Interest Income | $495.0K |
| Interest Expense | $37M |
| Other Income/Expenses | -$66M |
| INCOME BEFORE TAX | -$260M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$258M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$258M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$258M |
| D&A | $11M |
| EBIT | -$223M |
| EBITDA | -$212M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$258M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $45M |
| Deferred Income Tax | $6M |
| Other Non-Cash Items | $52M |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | -$150M |
| Capital Expenditure | -$22M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$683M |
| Sales/Maturities of Investments | $291M |
| Other Investing Activities | -$1.0K |
| NET CASH FROM INVESTING | -$413M |
| Net Debt Issuance | $250M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $292M |
| FREE CASH FLOW | -$172M |
| Net Change in Cash | -$274M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $820M |
| Short-Term Investments | $1.6B |
| Net Receivables | $199M |
| Inventory | $86M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.8B |
| PP&E (Net) | $734M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $101M |
| TOTAL NON-CURRENT ASSETS | $835M |
| TOTAL ASSETS | $3.6B |
| Account Payables | $73M |
| Short-Term Debt | $0 |
| Deferred Revenue | $149M |
| Other Current Liabilities | $131M |
| TOTAL CURRENT LIABILITIES | $696M |
| Long-Term Debt | $676M |
| Deferred Revenue NC | $152M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.2B |
| TOTAL NON-CURRENT LIABILITIES | $2.4B |
| TOTAL LIABILITIES | $3.1B |
| Common Stock | $1M |
| Additional Paid-In Capital | $6.1B |
| Retained Earnings | -$5.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$33M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $588M |
| Minority Interest | $0 |
| TOTAL EQUITY | $588M |
| TOTAL LIABILITIES & EQUITY | $3.6B |
| Total Debt | $998M |
| Net Debt | $178M |
