| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $19M | $28M | $20M | -32.3% | -7.0% |
| Op. Income | -$34M | -$30M | -$30M | -11.3% | -14.0% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | -179.5% | -108.9% | -109.5% | -70.6pp | -70.0pp |
| EPS (Diluted) | $-1.63 | $-1.48 | $-1.09 | -10.1% | -49.5% |
| Free Cash Flow | -$26M | -$14M | -$5M | -94.0% | -461.7% |
| Item | Amount |
|---|---|
| REVENUE | $19M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $19M |
| R&D Expenses | $42M |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $53M |
| Cost & Expenses | $53M |
| OPERATING INCOME | -$34M |
| Interest Income | $255.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $255.0K |
| INCOME BEFORE TAX | -$34M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$34M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$34M |
| D&A | $822.0K |
| EBIT | -$34M |
| EBITDA | -$33M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$34M |
| Depreciation & Amortization | $822.0K |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $54.0K |
| Change in Working Capital | -$130.0K |
| OPERATING CASH FLOW | -$26M |
| Capital Expenditure | -$74.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$62M |
| Sales/Maturities of Investments | $27M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$35M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$26M |
| Net Change in Cash | -$58M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $41M |
| Short-Term Investments | $239M |
| Net Receivables | $47M |
| Inventory | $0 |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $342M |
| PP&E (Net) | $22M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $43M |
| Tax Assets | $0 |
| Other Non-Current Assets | $92.0K |
| TOTAL NON-CURRENT ASSETS | $65M |
| TOTAL ASSETS | $407M |
| Account Payables | $6M |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $19M |
| TOTAL CURRENT LIABILITIES | $31M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $876.0K |
| TOTAL NON-CURRENT LIABILITIES | $17M |
| TOTAL LIABILITIES | $48M |
| Common Stock | $206.0K |
| Additional Paid-In Capital | $377M |
| Retained Earnings | -$15M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $359M |
| Minority Interest | $0 |
| TOTAL EQUITY | $359M |
| TOTAL LIABILITIES & EQUITY | $407M |
| Total Debt | $20M |
| Net Debt | -$21M |
