| Metric | Q4 2021 | Q3 2021 | Q4 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $120M | $103M | $70M | 16.9% | 70.5% |
| Op. Income | -$114M | -$95M | -$32M | -20.0% | -251.9% |
| Gross Margin | 61.5% | 63.6% | 70.3% | -2.1pp | -8.7pp |
| Net Margin | -95.4% | -93.3% | -45.2% | -2.2pp | -50.3pp |
| EPS (Diluted) | $-0.43 | $-0.37 | $-0.14 | -16.2% | -207.1% |
| Free Cash Flow | -$27M | -$21M | -$21M | -29.4% | -24.9% |
| Item | Amount |
|---|---|
| REVENUE | $120M |
| Cost of Revenue | $46M |
| GROSS PROFIT | $74M |
| R&D Expenses | $57M |
| Selling & Marketing | $101M |
| General & Administrative | $30M |
| SG&A Expenses | $131M |
| Other Expenses | $0 |
| Operating Expenses | $187M |
| Cost & Expenses | $234M |
| OPERATING INCOME | -$114M |
| Interest Income | $189.0K |
| Interest Expense | $0 |
| Other Income/Expenses | -$329.0K |
| INCOME BEFORE TAX | -$114M |
| Income Tax Expense | $430.0K |
| Net Income from Continuing Ops | -$114M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$114M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$114M |
| D&A | $1M |
| EBIT | -$114M |
| EBITDA | -$112M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$114M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$394.0K |
| Other Non-Cash Items | $68M |
| Change in Working Capital | $20M |
| OPERATING CASH FLOW | -$24M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$285M |
| Sales/Maturities of Investments | $91M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$196M |
| Net Debt Issuance | $1.1B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$91M |
| NET CASH FROM FINANCING | $1.0B |
| FREE CASH FLOW | -$27M |
| Net Change in Cash | $793M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $640M |
| Net Receivables | $137M |
| Inventory | $0 |
| Other Current Assets | $28M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $52M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $65M |
| TOTAL NON-CURRENT ASSETS | $117M |
| TOTAL ASSETS | $2.3B |
| Account Payables | $8M |
| Short-Term Debt | $0 |
| Deferred Revenue | $221M |
| Other Current Liabilities | $50M |
| TOTAL CURRENT LIABILITIES | $348M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $26M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$749M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$830.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $850M |
| Minority Interest | $0 |
| TOTAL EQUITY | $850M |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $1.1B |
| Net Debt | -$254M |
