| Metric | Q4 2021 | Q3 2021 | Q4 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $20M | $18M | $16M | 12.2% | 20.5% |
| Op. Income | -$26M | -$23M | -$15M | -16.2% | -78.0% |
| Gross Margin | 92.5% | 100.0% | 100.0% | -7.5pp | -7.5pp |
| Net Margin | -133.0% | -128.4% | -89.8% | -4.5pp | -43.2pp |
| EPS (Diluted) | $-0.40 | $-0.35 | $-0.32 | -14.3% | -25.0% |
| Free Cash Flow | -$31M | -$30M | -$18M | -4.9% | -75.9% |
| Item | Amount |
|---|---|
| REVENUE | $20M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $18M |
| R&D Expenses | $36M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $45M |
| Cost & Expenses | $46M |
| OPERATING INCOME | -$26M |
| Interest Income | $73.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $80.0K |
| INCOME BEFORE TAX | -$26M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$26M |
| D&A | $1M |
| EBIT | -$26M |
| EBITDA | -$25M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$26M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$29M |
| Change in Working Capital | $22M |
| OPERATING CASH FLOW | -$31M |
| Capital Expenditure | -$245.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$245.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $683.0K |
| FREE CASH FLOW | -$31M |
| Net Change in Cash | -$31M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $206M |
| Short-Term Investments | $100M |
| Net Receivables | $790.0K |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $310M |
| PP&E (Net) | $25M |
| Goodwill | $949.0K |
| Intangible Assets | $1M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $29M |
| TOTAL ASSETS | $339M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $41M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $78M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $244M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $262M |
| TOTAL LIABILITIES | $340M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $623M |
| Retained Earnings | -$624M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$242.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$459.0K |
| Minority Interest | $0 |
| TOTAL EQUITY | -$459.0K |
| TOTAL LIABILITIES & EQUITY | $339M |
| Total Debt | $22M |
| Net Debt | -$184M |
