| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $19M | $40M | $0 | -52.0% | — |
| Op. Income | -$62M | -$131M | -$76M | 52.7% | 18.4% |
| Gross Margin | -18.9% | 59.5% | — | -78.4pp | — |
| Net Margin | -45.1% | -271.0% | — | 225.8pp | — |
| EPS (Diluted) | $-0.04 | $-0.54 | $-2.60 | 91.9% | 98.3% |
| Free Cash Flow | -$118M | -$117M | -$76M | -0.9% | -56.6% |
| Item | Amount |
|---|---|
| REVENUE | $19M |
| Cost of Revenue | $23M |
| GROSS PROFIT | -$4M |
| R&D Expenses | $41M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $17M |
| Other Expenses | $0 |
| Operating Expenses | $59M |
| Cost & Expenses | $81M |
| OPERATING INCOME | -$62M |
| Interest Income | $46M |
| Interest Expense | $17M |
| Other Income/Expenses | $56M |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | $5M |
| EBIT | $10M |
| EBITDA | $16M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$57M |
| Change in Working Capital | -$49M |
| OPERATING CASH FLOW | -$107M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$282.0K |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | $3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$118M |
| Net Change in Cash | -$116M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13M |
| Short-Term Investments | $0 |
| Net Receivables | $51M |
| Inventory | $67M |
| Other Current Assets | $22M |
| TOTAL CURRENT ASSETS | $154M |
| PP&E (Net) | $229M |
| Goodwill | $11M |
| Intangible Assets | $23M |
| Long-Term Investments | $48M |
| Tax Assets | $186M |
| Other Non-Current Assets | $33M |
| TOTAL NON-CURRENT ASSETS | $529M |
| TOTAL ASSETS | $683M |
| Account Payables | $36M |
| Short-Term Debt | $75M |
| Deferred Revenue | $24M |
| Other Current Liabilities | $58M |
| TOTAL CURRENT LIABILITIES | $202M |
| Long-Term Debt | $444M |
| Deferred Revenue NC | $40M |
| Deferred Tax Liabilities | $385.0K |
| Other Non-Current Liabilities | $163M |
| TOTAL NON-CURRENT LIABILITIES | $758M |
| TOTAL LIABILITIES | $960M |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$277M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$277M |
| TOTAL LIABILITIES & EQUITY | $683M |
| Total Debt | $637M |
| Net Debt | $624M |
