| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $27M | $38M | $21M | -28.3% | 28.8% |
| Op. Income | -$63M | -$65M | -$24M | 2.4% | -163.2% |
| Net Margin | -229.1% | -165.5% | -97.3% | -63.6pp | -131.8pp |
| EPS (Diluted) | $-0.60 | $-0.61 | $-0.20 | 1.6% | -200.0% |
| Free Cash Flow | -$67M | -$32M | -$43M | -107.6% | -55.3% |
| Item | Amount |
|---|---|
| REVENUE | $27M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $0 |
| R&D Expenses | $66M |
| Selling & Marketing | $0 |
| General & Administrative | $25M |
| SG&A Expenses | $25M |
| Other Expenses | $403.0K |
| Operating Expenses | $91M |
| Cost & Expenses | $91M |
| OPERATING INCOME | -$63M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $449.0K |
| INCOME BEFORE TAX | -$63M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$63M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$63M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$63M |
| D&A | $3M |
| EBIT | -$63M |
| EBITDA | -$61M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$63M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $25M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$280.0K |
| Change in Working Capital | -$25M |
| OPERATING CASH FLOW | -$61M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$66M |
| Sales/Maturities of Investments | $38M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$33M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$67M |
| Net Change in Cash | -$93M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $92M |
| Short-Term Investments | $239M |
| Net Receivables | $150.0K |
| Inventory | $5M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $338M |
| PP&E (Net) | $69M |
| Goodwill | $0 |
| Intangible Assets | $13M |
| Long-Term Investments | $218M |
| Tax Assets | $0 |
| Other Non-Current Assets | $273.0K |
| TOTAL NON-CURRENT ASSETS | $300M |
| TOTAL ASSETS | $639M |
| Account Payables | $4M |
| Short-Term Debt | $3M |
| Deferred Revenue | $109M |
| Other Current Liabilities | $19M |
| TOTAL CURRENT LIABILITIES | $137M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $106M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $129M |
| TOTAL LIABILITIES | $266M |
| Common Stock | $197.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$708M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$108.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $373M |
| Minority Interest | $0 |
| TOTAL EQUITY | $373M |
| TOTAL LIABILITIES & EQUITY | $639M |
| Total Debt | $25M |
| Net Debt | -$66M |
