| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | $3M | $1M | 97.4% | 325.1% |
| Op. Income | -$22M | -$26M | -$42M | 16.5% | 48.2% |
| Gross Margin | 85.3% | 94.5% | 100.0% | -9.2pp | -14.7pp |
| Net Margin | -459.1% | -1066.4% | -3715.9% | 607.3pp | 3256.7pp |
| EPS (Diluted) | $-0.14 | $-0.19 | $-0.42 | 26.3% | 66.7% |
| Free Cash Flow | -$25M | -$32M | -$35M | 19.9% | 27.4% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $732.0K |
| GROSS PROFIT | $4M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $19M |
| SG&A Expenses | $19M |
| Other Expenses | $0 |
| Operating Expenses | $26M |
| Cost & Expenses | $27M |
| OPERATING INCOME | -$22M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$23M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$23M |
| D&A | $628.0K |
| EBIT | -$21M |
| EBITDA | -$21M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$23M |
| Depreciation & Amortization | $279.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | -$25M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$18M |
| Sales/Maturities of Investments | $17M |
| Other Investing Activities | $530.0K |
| NET CASH FROM INVESTING | -$832.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $112.0K |
| NET CASH FROM FINANCING | $34M |
| FREE CASH FLOW | -$25M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $62M |
| Short-Term Investments | $29M |
| Net Receivables | $5M |
| Inventory | $1M |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $120M |
| PP&E (Net) | $11M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $13M |
| TOTAL NON-CURRENT ASSETS | $25M |
| TOTAL ASSETS | $145M |
| Account Payables | $3M |
| Short-Term Debt | $27M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $52M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $9M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $26M |
| TOTAL LIABILITIES | $78M |
| Common Stock | $19.0K |
| Additional Paid-In Capital | $858M |
| Retained Earnings | -$791M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$114.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $67M |
| Minority Interest | $0 |
| TOTAL EQUITY | $67M |
| TOTAL LIABILITIES & EQUITY | $145M |
| Total Debt | $37M |
| Net Debt | -$24M |
