| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $20M | $19M | $24M | 4.3% | -13.8% |
| Op. Income | -$27M | -$33M | -$34M | 16.9% | 19.8% |
| Gross Margin | 96.8% | 96.3% | 100.0% | 0.5pp | -3.2pp |
| Net Margin | -129.7% | -162.7% | -104.3% | 33.1pp | -25.3pp |
| EPS (Diluted) | $-1.28 | $-1.53 | $-1.22 | 16.3% | -4.9% |
| Free Cash Flow | -$17M | -$30M | -$21M | 43.2% | 19.4% |
| Item | Amount |
|---|---|
| REVENUE | $20M |
| Cost of Revenue | $655.0K |
| GROSS PROFIT | $20M |
| R&D Expenses | $35M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $12M |
| Other Expenses | $0 |
| Operating Expenses | $47M |
| Cost & Expenses | $47M |
| OPERATING INCOME | -$27M |
| Interest Income | $631.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $714.0K |
| INCOME BEFORE TAX | -$26M |
| Income Tax Expense | $14.0K |
| 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 | $655.0K |
| EBIT | -$26M |
| EBITDA | -$26M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$26M |
| Depreciation & Amortization | $655.0K |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$30.0K |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$16M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | -$30M |
| Purchases of Investments | -$9M |
| Sales/Maturities of Investments | $38M |
| Other Investing Activities | $30M |
| NET CASH FROM INVESTING | $28M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | $16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $44M |
| Short-Term Investments | $205M |
| Net Receivables | $49M |
| Inventory | $0 |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $312M |
| PP&E (Net) | $30M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $33M |
| Tax Assets | $5M |
| Other Non-Current Assets | $696.0K |
| TOTAL NON-CURRENT ASSETS | $69M |
| TOTAL ASSETS | $381M |
| Account Payables | $6M |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $30M |
| Long-Term Debt | $1M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5M |
| Other Non-Current Liabilities | $454.0K |
| TOTAL NON-CURRENT LIABILITIES | $29M |
| TOTAL LIABILITIES | $59M |
| Common Stock | $208.0K |
| Additional Paid-In Capital | $398M |
| Retained Earnings | -$73M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $321M |
| Minority Interest | $0 |
| TOTAL EQUITY | $321M |
| TOTAL LIABILITIES & EQUITY | $381M |
| Total Debt | $27M |
| Net Debt | -$17M |
