| Metric | Q4 2021 | Q3 2021 | Q4 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $35M | $27M | $21M | 29.9% | 68.4% |
| Op. Income | -$18M | -$19M | -$108M | 5.7% | 83.3% |
| Gross Margin | 54.3% | 56.9% | 64.6% | -2.6pp | -10.3pp |
| Net Margin | -52.4% | -72.8% | -538.0% | 20.4pp | 485.5pp |
| EPS (Diluted) | $-0.33 | $-0.35 | $-3.28 | 5.7% | 89.9% |
| Free Cash Flow | -$9M | -$32M | -$2M | 70.6% | -313.4% |
| Item | Amount |
|---|---|
| REVENUE | $35M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $19M |
| R&D Expenses | $423.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $36M |
| Operating Expenses | $37M |
| Cost & Expenses | $53M |
| OPERATING INCOME | -$18M |
| Interest Income | $0 |
| Interest Expense | $140.0K |
| Other Income/Expenses | -$140.0K |
| INCOME BEFORE TAX | -$18M |
| Income Tax Expense | $9.0K |
| Net Income from Continuing Ops | -$18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$18M |
| D&A | $920.0K |
| EBIT | -$16M |
| EBITDA | -$15M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$18M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $15.0K |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$393.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$390.0K |
| Net Debt Issuance | $49M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$802.0K |
| NET CASH FROM FINANCING | $48M |
| FREE CASH FLOW | -$9M |
| Net Change in Cash | $38M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $146M |
| Short-Term Investments | $0 |
| Net Receivables | $15M |
| Inventory | $2M |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $179M |
| PP&E (Net) | $4M |
| Goodwill | $21M |
| Intangible Assets | $51M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $79M |
| TOTAL ASSETS | $257M |
| Account Payables | $6M |
| Short-Term Debt | $0 |
| Deferred Revenue | $8M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $58M |
| Long-Term Debt | $71M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $40.0K |
| Other Non-Current Liabilities | $44M |
| TOTAL NON-CURRENT LIABILITIES | $118M |
| TOTAL LIABILITIES | $176M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $505M |
| Retained Earnings | -$423M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $82M |
| Minority Interest | $0 |
| TOTAL EQUITY | $82M |
| TOTAL LIABILITIES & EQUITY | $257M |
| Total Debt | $75M |
| Net Debt | -$72M |
