| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $45M | $45M | $73M | -0.2% | -38.2% |
| Op. Income | -$51M | -$80M | -$40M | 36.0% | -30.2% |
| Gross Margin | 68.7% | 22.4% | 83.5% | 46.3pp | -14.8pp |
| Net Margin | -129.8% | -190.8% | -62.3% | 61.0pp | -67.5pp |
| EPS (Diluted) | $-0.85 | $-1.19 | $-0.60 | 28.6% | -41.7% |
| Free Cash Flow | -$100M | -$38M | -$53M | -166.4% | -89.5% |
| Item | Amount |
|---|---|
| REVENUE | $45M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $31M |
| R&D Expenses | $29M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $54M |
| Other Expenses | $0 |
| Operating Expenses | $83M |
| Cost & Expenses | $97M |
| OPERATING INCOME | -$51M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | -$59M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$59M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$59M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$59M |
| D&A | $1M |
| EBIT | -$49M |
| EBITDA | -$48M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$59M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $754.0K |
| Change in Working Capital | -$55M |
| OPERATING CASH FLOW | -$100M |
| Capital Expenditure | -$87.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$127M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$130M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $235.0K |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | -$100M |
| Net Change in Cash | -$223M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $64M |
| Short-Term Investments | $128M |
| Net Receivables | $110M |
| Inventory | $39M |
| Other Current Assets | $23M |
| TOTAL CURRENT ASSETS | $381M |
| PP&E (Net) | $9M |
| Goodwill | $943.0K |
| Intangible Assets | $5M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $85M |
| TOTAL NON-CURRENT ASSETS | $100M |
| TOTAL ASSETS | $481M |
| Account Payables | $12M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $23M |
| TOTAL CURRENT LIABILITIES | $139M |
| Long-Term Debt | $471M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $480M |
| TOTAL LIABILITIES | $618M |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$249.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$137M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$137M |
| TOTAL LIABILITIES & EQUITY | $481M |
| Total Debt | $480M |
| Net Debt | $417M |
