| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $60M | $73M | $83M | -18.1% | -27.6% |
| Op. Income | -$81M | -$40M | -$167M | -104.6% | 51.6% |
| Gross Margin | 84.4% | 83.5% | 91.0% | 0.9pp | -6.5pp |
| Net Margin | -159.8% | -62.3% | -208.3% | -97.5pp | 48.5pp |
| EPS (Diluted) | $-1.44 | $-0.60 | $-2.37 | -140.0% | 39.2% |
| Free Cash Flow | -$55M | -$53M | $1M | -3.5% | -4573.0% |
| Item | Amount |
|---|---|
| REVENUE | $60M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $51M |
| R&D Expenses | $83M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $49M |
| Other Expenses | $0 |
| Operating Expenses | $132M |
| Cost & Expenses | $141M |
| OPERATING INCOME | -$81M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | -$96M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$96M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$96M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$96M |
| D&A | $767.0K |
| EBIT | -$87M |
| EBITDA | -$86M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$96M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $47M |
| Change in Working Capital | -$22M |
| OPERATING CASH FLOW | -$54M |
| Capital Expenditure | -$615.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$35M |
| NET CASH FROM INVESTING | -$36M |
| Net Debt Issuance | $440.0K |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $363.0K |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$55M |
| Net Change in Cash | -$92M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $326M |
| Short-Term Investments | $0 |
| Net Receivables | $117M |
| Inventory | $37M |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $512M |
| PP&E (Net) | $8M |
| Goodwill | $0 |
| Intangible Assets | $4M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $69M |
| TOTAL NON-CURRENT ASSETS | $81M |
| TOTAL ASSETS | $593M |
| Account Payables | $21M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $154M |
| Long-Term Debt | $420M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $102.0K |
| TOTAL NON-CURRENT LIABILITIES | $427M |
| TOTAL LIABILITIES | $581M |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$272.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $13M |
| Minority Interest | $0 |
| TOTAL EQUITY | $13M |
| TOTAL LIABILITIES & EQUITY | $593M |
| Total Debt | $430M |
| Net Debt | $105M |
