| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $8M | $1M | -9.8% | 502.7% |
| Op. Income | -$166M | -$150M | -$138M | -10.8% | -20.6% |
| Gross Margin | 82.4% | 37.8% | 100.0% | 44.6pp | -17.6pp |
| Net Margin | -1320.1% | -1838.0% | -13148.1% | 517.9pp | 11828.0pp |
| EPS (Diluted) | $-1.71 | $-2.58 | $-2.92 | 33.9% | 41.6% |
| Free Cash Flow | -$150M | -$157M | -$139M | 4.8% | -7.9% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $6M |
| R&D Expenses | $106M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $66M |
| Other Expenses | $0 |
| Operating Expenses | $172M |
| Cost & Expenses | $173M |
| OPERATING INCOME | -$166M |
| Interest Income | $83M |
| Interest Expense | $11M |
| Other Income/Expenses | $71M |
| INCOME BEFORE TAX | -$95M |
| Income Tax Expense | -$55.0K |
| Net Income from Continuing Ops | -$95M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$95M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$95M |
| D&A | $5M |
| EBIT | -$166M |
| EBITDA | -$161M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$95M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $20M |
| Deferred Income Tax | -$53.8K |
| Other Non-Cash Items | -$68M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | -$145M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$74M |
| Sales/Maturities of Investments | $83M |
| Other Investing Activities | $7M |
| NET CASH FROM INVESTING | $12M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | -$175.4K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $351.9K |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | -$150M |
| Net Change in Cash | -$97M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $786M |
| Short-Term Investments | $331M |
| Net Receivables | $5M |
| Inventory | $118M |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $156M |
| Goodwill | $6M |
| Intangible Assets | $5.9K |
| Long-Term Investments | $87M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $251M |
| TOTAL ASSETS | $1.6B |
| Account Payables | $88M |
| Short-Term Debt | $16M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $30M |
| TOTAL CURRENT LIABILITIES | $135M |
| Long-Term Debt | $582M |
| Deferred Revenue NC | $4M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $119M |
| TOTAL NON-CURRENT LIABILITIES | $706M |
| TOTAL LIABILITIES | $841M |
| Common Stock | $9M |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | -$1.9B |
| Treasury Stock | -$149M |
| Accum. Other Comp. Income | $281M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $711M |
| Minority Interest | $0 |
| TOTAL EQUITY | $711M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $599M |
| Net Debt | -$187M |
