| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9M | $20M | $16M | -54.2% | -43.4% |
| Op. Income | -$32M | -$26M | -$16M | -21.9% | -105.2% |
| Gross Margin | 100.0% | 92.5% | 100.0% | 7.5pp | 0.0pp |
| Net Margin | -353.8% | -133.0% | -97.4% | -220.8pp | -256.4pp |
| EPS (Diluted) | $-0.36 | $-0.40 | $-0.26 | 10.0% | -38.5% |
| Free Cash Flow | -$42M | -$31M | -$31M | -33.8% | -36.0% |
| Item | Amount |
|---|---|
| REVENUE | $9M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $9M |
| R&D Expenses | $31M |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | -$1 |
| Operating Expenses | $41M |
| Cost & Expenses | $41M |
| OPERATING INCOME | -$32M |
| Interest Income | $68.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $81.0K |
| INCOME BEFORE TAX | -$32M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$32M |
| D&A | $602.0K |
| EBIT | -$32M |
| EBITDA | -$31M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$32M |
| Depreciation & Amortization | $602.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $809.0K |
| Change in Working Capital | -$14M |
| OPERATING CASH FLOW | -$41M |
| Capital Expenditure | -$736.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$736.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $7.0K |
| NET CASH FROM FINANCING | $7.0K |
| FREE CASH FLOW | -$42M |
| Net Change in Cash | -$42M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $163M |
| Short-Term Investments | $99M |
| Net Receivables | $1M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $268M |
| PP&E (Net) | $25M |
| Goodwill | $949.0K |
| Intangible Assets | $984.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $28M |
| TOTAL ASSETS | $297M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $70M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $103M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $109M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $126M |
| TOTAL LIABILITIES | $229M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $627M |
| Retained Earnings | -$558M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$919.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $68M |
| Minority Interest | $0 |
| TOTAL EQUITY | $68M |
| TOTAL LIABILITIES & EQUITY | $297M |
| Total Debt | $21M |
| Net Debt | -$143M |
