| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $68M | $64M | $49M | 6.5% | 39.4% |
| Op. Income | -$19M | -$16M | -$14M | -14.1% | -37.0% |
| Gross Margin | 77.4% | 77.9% | 81.0% | -0.5pp | -3.6pp |
| Net Margin | -35.1% | -30.9% | -27.0% | -4.1pp | -8.0pp |
| EPS (Diluted) | $-0.24 | $-0.20 | $-0.14 | -20.0% | -71.4% |
| Free Cash Flow | $3M | $4M | $18M | -23.8% | -83.6% |
| Item | Amount |
|---|---|
| REVENUE | $68M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $52M |
| R&D Expenses | $26M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $45M |
| Other Expenses | $0 |
| Operating Expenses | $71M |
| Cost & Expenses | $86M |
| OPERATING INCOME | -$19M |
| Interest Income | $517.0K |
| Interest Expense | $0 |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$22M |
| Income Tax Expense | $2M |
| 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 | $5M |
| EBIT | -$22M |
| EBITDA | -$17M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$24M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $16M |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | $4M |
| Capital Expenditure | -$988.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$89M |
| Sales/Maturities of Investments | $81M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$602.0K |
| NET CASH FROM FINANCING | $476.0K |
| FREE CASH FLOW | $3M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $55M |
| Short-Term Investments | $375M |
| Net Receivables | $53M |
| Inventory | $0 |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $510M |
| PP&E (Net) | $33M |
| Goodwill | $248M |
| Intangible Assets | $42M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $24M |
| TOTAL NON-CURRENT ASSETS | $347M |
| TOTAL ASSETS | $858M |
| Account Payables | $13M |
| Short-Term Debt | $7M |
| Deferred Revenue | $139M |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $194M |
| Long-Term Debt | $18M |
| Deferred Revenue NC | $18M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$16M |
| TOTAL NON-CURRENT LIABILITIES | $39M |
| TOTAL LIABILITIES | $232M |
| Common Stock | $278.0K |
| Additional Paid-In Capital | $812M |
| Retained Earnings | -$182M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $625M |
| Minority Interest | $0 |
| TOTAL EQUITY | $625M |
| TOTAL LIABILITIES & EQUITY | $858M |
| Total Debt | $43M |
| Net Debt | -$12M |
