| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $126M | $120M | $77M | 5.2% | 63.8% |
| Op. Income | -$111M | -$114M | -$45M | 1.9% | -146.9% |
| Gross Margin | 63.7% | 61.5% | 69.1% | 2.2pp | -5.3pp |
| Net Margin | -89.6% | -95.4% | -57.8% | 5.8pp | -31.8pp |
| EPS (Diluted) | $-0.41 | $-0.43 | $-0.18 | 4.7% | -127.8% |
| Free Cash Flow | -$58M | -$27M | -$21M | -118.7% | -175.2% |
| Item | Amount |
|---|---|
| REVENUE | $126M |
| Cost of Revenue | $46M |
| GROSS PROFIT | $80M |
| R&D Expenses | $58M |
| Selling & Marketing | $107M |
| General & Administrative | $27M |
| SG&A Expenses | $134M |
| Other Expenses | $0 |
| Operating Expenses | $192M |
| Cost & Expenses | $238M |
| OPERATING INCOME | -$111M |
| Interest Income | $566.0K |
| Interest Expense | $0 |
| Other Income/Expenses | -$816.0K |
| INCOME BEFORE TAX | -$112M |
| Income Tax Expense | $689.0K |
| Net Income from Continuing Ops | -$113M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$113M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$113M |
| D&A | $1M |
| EBIT | -$111M |
| EBITDA | -$110M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$113M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $57M |
| Deferred Income Tax | -$4.0K |
| Other Non-Cash Items | $13M |
| Change in Working Capital | -$13M |
| OPERATING CASH FLOW | -$55M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$404M |
| Sales/Maturities of Investments | $96M |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$312M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $38M |
| NET CASH FROM FINANCING | $38M |
| FREE CASH FLOW | -$58M |
| Net Change in Cash | -$328M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.0B |
| Short-Term Investments | $943M |
| Net Receivables | $125M |
| Inventory | $0 |
| Other Current Assets | $28M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $53M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $69M |
| TOTAL NON-CURRENT ASSETS | $122M |
| TOTAL ASSETS | $2.3B |
| Account Payables | $8M |
| Short-Term Debt | $0 |
| Deferred Revenue | $235M |
| Other Current Liabilities | $41M |
| TOTAL CURRENT LIABILITIES | $331M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $31M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$862M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $836M |
| Minority Interest | $0 |
| TOTAL EQUITY | $836M |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $1.1B |
| Net Debt | $72M |
