| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11M | $3M | $7M | 283.4% | 56.7% |
| Op. Income | -$14M | -$18M | -$9M | 22.6% | -55.7% |
| Gross Margin | 95.9% | 85.7% | -59.6% | 10.3pp | 155.5pp |
| Net Margin | -123.4% | -614.6% | -124.5% | 491.3pp | 1.1pp |
| EPS (Diluted) | $-0.47 | $-0.47 | $-0.28 | 0.0% | -67.9% |
| Free Cash Flow | -$20M | -$17M | -$15M | -16.1% | -36.1% |
| Item | Amount |
|---|---|
| REVENUE | $11M |
| Cost of Revenue | $464.0K |
| GROSS PROFIT | $11M |
| R&D Expenses | $20M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $25M |
| Cost & Expenses | $26M |
| OPERATING INCOME | -$14M |
| Interest Income | $207.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $207.0K |
| INCOME BEFORE TAX | -$14M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$14M |
| D&A | $464.0K |
| EBIT | -$14M |
| EBITDA | -$14M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $808.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$10M |
| Change in Working Capital | $537.0K |
| OPERATING CASH FLOW | -$20M |
| Capital Expenditure | -$401.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$64M |
| Sales/Maturities of Investments | $47M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$18M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $653.0K |
| FREE CASH FLOW | -$20M |
| Net Change in Cash | -$37M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $55M |
| Short-Term Investments | $197M |
| Net Receivables | $697.0K |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $256M |
| PP&E (Net) | $9M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $94M |
| Tax Assets | $0 |
| Other Non-Current Assets | $362.0K |
| TOTAL NON-CURRENT ASSETS | $103M |
| TOTAL ASSETS | $359M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $39M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $57M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $10M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $13M |
| TOTAL LIABILITIES | $70M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $482M |
| Retained Earnings | -$191M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $289M |
| Minority Interest | $0 |
| TOTAL EQUITY | $289M |
| TOTAL LIABILITIES & EQUITY | $359M |
| Total Debt | $5M |
| Net Debt | -$51M |
