| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | — | $4M | — | -15.5% |
| Op. Income | -$32M | — | -$18M | — | -78.7% |
| Gross Margin | 100.0% | — | 100.0% | — | 0.0pp |
| Net Margin | -941.2% | — | -478.3% | — | -462.9pp |
| EPS (Diluted) | $-1.01 | — | $-0.63 | — | -60.3% |
| Free Cash Flow | -$32M | — | -$12M | — | -176.1% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $3M |
| R&D Expenses | $25M |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | -$38.0K |
| Operating Expenses | $35M |
| Cost & Expenses | $35M |
| OPERATING INCOME | -$32M |
| Interest Income | $3M |
| Interest Expense | $826.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$30M |
| Income Tax Expense | -$420.0K |
| Net Income from Continuing Ops | -$30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$30M |
| D&A | $1M |
| EBIT | -$30M |
| EBITDA | -$28M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$30M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | $79.9K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$30M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $185.0K |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | -$32M |
| Net Change in Cash | -$22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $339M |
| Short-Term Investments | $0 |
| Net Receivables | $21M |
| Inventory | $0 |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $369M |
| PP&E (Net) | $33M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $41M |
| TOTAL ASSETS | $411M |
| Account Payables | $6M |
| Short-Term Debt | $0 |
| Deferred Revenue | $20M |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $53M |
| Long-Term Debt | $30M |
| Deferred Revenue NC | $41M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $86M |
| TOTAL LIABILITIES | $140M |
| Common Stock | $387.0K |
| Additional Paid-In Capital | $601M |
| Retained Earnings | -$331M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $387.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $271M |
| Minority Interest | $0 |
| TOTAL EQUITY | $271M |
| TOTAL LIABILITIES & EQUITY | $411M |
| Total Debt | $44M |
| Net Debt | -$295M |
