| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $120M | $115M | $88M | 4.8% | 36.3% |
| Op. Income | -$37M | -$47M | -$18M | 21.7% | -102.4% |
| Gross Margin | 64.5% | 62.0% | 56.1% | 2.4pp | 8.4pp |
| Net Margin | -31.8% | -41.5% | -21.1% | 9.8pp | -10.7pp |
| EPS (Diluted) | $-0.27 | $-0.34 | $-0.14 | 20.6% | -92.9% |
| Free Cash Flow | -$42M | -$2M | -$9M | -2122.3% | -388.5% |
| Item | Amount |
|---|---|
| REVENUE | $120M |
| Cost of Revenue | $43M |
| GROSS PROFIT | $78M |
| R&D Expenses | $38M |
| Selling & Marketing | $52M |
| General & Administrative | $25M |
| SG&A Expenses | $77M |
| Other Expenses | -$425.0K |
| Operating Expenses | $115M |
| Cost & Expenses | $158M |
| OPERATING INCOME | -$37M |
| Interest Income | $335.0K |
| Interest Expense | $0 |
| Other Income/Expenses | -$90.0K |
| INCOME BEFORE TAX | -$37M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$38M |
| D&A | $4M |
| EBIT | -$37M |
| EBITDA | -$33M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$38M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $22M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$29M |
| OPERATING CASH FLOW | -$38M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$181M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$617.0K |
| NET CASH FROM INVESTING | -$185M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$42M |
| Net Change in Cash | -$219M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $361M |
| Short-Term Investments | $419M |
| Net Receivables | $54M |
| Inventory | $0 |
| Other Current Assets | $23M |
| TOTAL CURRENT ASSETS | $858M |
| PP&E (Net) | $41M |
| Goodwill | $0 |
| Intangible Assets | $10M |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $36M |
| TOTAL NON-CURRENT ASSETS | $89M |
| TOTAL ASSETS | $947M |
| Account Payables | $65M |
| Short-Term Debt | $8M |
| Deferred Revenue | $107M |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $204M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $955.0K |
| TOTAL NON-CURRENT LIABILITIES | $14M |
| TOTAL LIABILITIES | $218M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$527M |
| Treasury Stock | -$5M |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $729M |
| Minority Interest | $0 |
| TOTAL EQUITY | $729M |
| TOTAL LIABILITIES & EQUITY | $947M |
| Total Debt | $18M |
| Net Debt | -$343M |
