| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $42M | $26M | $0 | 59.1% | — |
| Op. Income | -$143M | -$229M | -$192M | 37.6% | 25.4% |
| Gross Margin | -266.7% | -733.1% | — | 466.4pp | — |
| Net Margin | -183.3% | -951.6% | — | 768.2pp | — |
| EPS (Diluted) | $-0.07 | $-0.22 | $-0.17 | 69.0% | 59.9% |
| Free Cash Flow | -$141M | -$158M | -$154M | 11.0% | 8.7% |
| Item | Amount |
|---|---|
| REVENUE | $42M |
| Cost of Revenue | $154M |
| GROSS PROFIT | -$112M |
| R&D Expenses | $154M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $31M |
| Other Expenses | -$154M |
| Operating Expenses | $31M |
| Cost & Expenses | $185M |
| OPERATING INCOME | -$143M |
| Interest Income | $581.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $66M |
| INCOME BEFORE TAX | -$77M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$77M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$77M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$77M |
| D&A | $6M |
| EBIT | -$143M |
| EBITDA | -$137M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$77M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $29M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$59M |
| Change in Working Capital | -$35M |
| OPERATING CASH FLOW | -$136M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$966M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$971M |
| Net Debt Issuance | -$86.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $86.0K |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$141M |
| Net Change in Cash | -$1.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $504M |
| Short-Term Investments | $964M |
| Net Receivables | $27M |
| Inventory | $0 |
| Other Current Assets | $280.0K |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $247M |
| Goodwill | $1.1B |
| Intangible Assets | $618M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $37M |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $3.5B |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $49M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $57M |
| TOTAL NON-CURRENT LIABILITIES | $190M |
| TOTAL LIABILITIES | $239M |
| Common Stock | $11.0K |
| Additional Paid-In Capital | $4.5B |
| Retained Earnings | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $3.5B |
| Total Debt | $145M |
| Net Debt | -$359M |
