| Metric | Q3 2021 | Q2 2021 | Q3 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $22M | $20M | $19M | 7.4% | 15.9% |
| Op. Income | -$34M | -$30M | -$23M | -14.0% | -48.1% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | -111.1% | -109.5% | -76.5% | -1.6pp | -34.6pp |
| EPS (Diluted) | $-1.19 | $-1.09 | $-0.71 | -9.2% | -67.6% |
| Free Cash Flow | -$30M | -$5M | -$5M | -535.1% | -528.1% |
| Item | Amount |
|---|---|
| REVENUE | $22M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $22M |
| R&D Expenses | $47M |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $55M |
| Cost & Expenses | $55M |
| OPERATING INCOME | -$34M |
| Interest Income | $439.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $439.0K |
| INCOME BEFORE TAX | -$33M |
| Income Tax Expense | -$9M |
| Net Income from Continuing Ops | -$24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$24M |
| D&A | $823.0K |
| EBIT | -$34M |
| EBITDA | -$33M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$24M |
| Depreciation & Amortization | $823.0K |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $560.0K |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | -$30M |
| Capital Expenditure | -$399.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$136M |
| Sales/Maturities of Investments | $93M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$44M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $686.0K |
| NET CASH FROM FINANCING | $686.0K |
| FREE CASH FLOW | -$30M |
| Net Change in Cash | -$73M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $252M |
| Net Receivables | $52M |
| Inventory | $0 |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $321M |
| PP&E (Net) | $13M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $116M |
| Tax Assets | $345.0K |
| Other Non-Current Assets | $92.0K |
| TOTAL NON-CURRENT ASSETS | $129M |
| TOTAL ASSETS | $450M |
| Account Payables | $6M |
| Short-Term Debt | $5M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $29M |
| Long-Term Debt | $1M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $846.0K |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $33M |
| Common Stock | $202.0K |
| Additional Paid-In Capital | $345M |
| Retained Earnings | $73M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$264.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $418M |
| Minority Interest | $0 |
| TOTAL EQUITY | $418M |
| TOTAL LIABILITIES & EQUITY | $450M |
| Total Debt | $8M |
| Net Debt | $4M |
