| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $439.0K | $3M | $0 | -86.0% | — |
| Op. Income | -$43M | -$34M | -$26M | -27.3% | -65.0% |
| Gross Margin | 100.0% | 100.0% | — | 0.0pp | — |
| Net Margin | -9652.6% | -1105.9% | — | -8546.7pp | — |
| EPS (Diluted) | $-0.79 | $-0.74 | $-0.70 | -6.8% | -12.9% |
| Free Cash Flow | -$29M | -$14M | -$20M | -109.8% | -42.2% |
| Item | Amount |
|---|---|
| REVENUE | $439.0K |
| Cost of Revenue | $0 |
| GROSS PROFIT | $439.0K |
| R&D Expenses | $33M |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $43M |
| Cost & Expenses | $43M |
| OPERATING INCOME | -$43M |
| Interest Income | $720.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $670.0K |
| INCOME BEFORE TAX | -$42M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$42M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$42M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$42M |
| D&A | $215.0K |
| EBIT | -$43M |
| EBITDA | -$43M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$42M |
| Depreciation & Amortization | $315.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $7M |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | -$28M |
| Capital Expenditure | -$613.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$193M |
| Sales/Maturities of Investments | $19M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$174M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $119M |
| FREE CASH FLOW | -$29M |
| Net Change in Cash | -$83M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $62M |
| Short-Term Investments | $346M |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $416M |
| PP&E (Net) | $5M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $599.0K |
| TOTAL NON-CURRENT ASSETS | $5M |
| TOTAL ASSETS | $422M |
| Account Payables | $9M |
| Short-Term Debt | $0 |
| Deferred Revenue | $3M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $26M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $7M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $9M |
| TOTAL LIABILITIES | $36M |
| Common Stock | $742M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$352M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $386M |
| Minority Interest | $0 |
| TOTAL EQUITY | $386M |
| TOTAL LIABILITIES & EQUITY | $422M |
| Total Debt | $3M |
| Net Debt | -$60M |
