| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $66M | $65M | $47M | 1.8% | 41.6% |
| Op. Income | -$36M | -$34M | -$9M | -7.0% | -323.5% |
| Gross Margin | 74.1% | 74.4% | 80.2% | -0.3pp | -6.1pp |
| Net Margin | -56.1% | -52.8% | -18.3% | -3.3pp | -37.8pp |
| EPS (Diluted) | $-0.51 | $-0.48 | $-0.12 | -6.3% | -325.0% |
| Free Cash Flow | -$23M | -$10M | -$13M | -137.2% | -76.2% |
| Item | Amount |
|---|---|
| REVENUE | $66M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $49M |
| R&D Expenses | $21M |
| Selling & Marketing | $34M |
| General & Administrative | $16M |
| SG&A Expenses | $49M |
| Other Expenses | $15M |
| Operating Expenses | $85M |
| Cost & Expenses | $102M |
| OPERATING INCOME | -$36M |
| Interest Income | $122.0K |
| Interest Expense | $709.0K |
| Other Income/Expenses | -$743.0K |
| INCOME BEFORE TAX | -$37M |
| Income Tax Expense | $115.0K |
| Net Income from Continuing Ops | -$37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$37M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$37M |
| D&A | $3M |
| EBIT | -$36M |
| EBITDA | -$33M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$37M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | -$22M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$32M |
| Sales/Maturities of Investments | $9M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$25M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $184.0K |
| NET CASH FROM FINANCING | $184.0K |
| FREE CASH FLOW | -$23M |
| Net Change in Cash | -$47M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $251M |
| Short-Term Investments | $125M |
| Net Receivables | $41M |
| Inventory | $0 |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $433M |
| PP&E (Net) | $20M |
| Goodwill | $42M |
| Intangible Assets | $33M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $102M |
| TOTAL ASSETS | $535M |
| Account Payables | $8M |
| Short-Term Debt | $0 |
| Deferred Revenue | $13M |
| Other Current Liabilities | $26M |
| TOTAL CURRENT LIABILITIES | $65M |
| Long-Term Debt | $336M |
| Deferred Revenue NC | $905.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $11M |
| TOTAL NON-CURRENT LIABILITIES | $360M |
| TOTAL LIABILITIES | $425M |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $538M |
| Retained Earnings | -$427M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$804.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $110M |
| Minority Interest | $0 |
| TOTAL EQUITY | $110M |
| TOTAL LIABILITIES & EQUITY | $535M |
| Total Debt | $351M |
| Net Debt | $100M |
