| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | $11M | $9M | -48.5% | -33.2% |
| Op. Income | -$22M | -$14M | -$11M | -58.2% | -103.6% |
| Gross Margin | 79.4% | 95.9% | -71.1% | -16.5pp | 150.5pp |
| Net Margin | -377.0% | -123.4% | -125.0% | -253.6pp | -251.9pp |
| EPS (Diluted) | $-0.56 | $-0.47 | $-0.33 | -19.1% | -69.7% |
| Free Cash Flow | -$22M | -$20M | -$14M | -9.4% | -62.4% |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $5M |
| R&D Expenses | $23M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $27M |
| Cost & Expenses | $28M |
| OPERATING INCOME | -$22M |
| Interest Income | $443.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $443.0K |
| INCOME BEFORE TAX | -$22M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$22M |
| D&A | $1M |
| EBIT | -$22M |
| EBITDA | -$21M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$22M |
| Depreciation & Amortization | $860.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$20M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$38M |
| Sales/Maturities of Investments | $53M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $13M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $491.0K |
| FREE CASH FLOW | -$22M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $49M |
| Short-Term Investments | $220M |
| Net Receivables | $288.0K |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $272M |
| PP&E (Net) | $10M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $55M |
| Tax Assets | $0 |
| Other Non-Current Assets | $280.0K |
| TOTAL NON-CURRENT ASSETS | $66M |
| TOTAL ASSETS | $338M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $36M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $58M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $8M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $11M |
| TOTAL LIABILITIES | $69M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $486M |
| Retained Earnings | -$213M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $269M |
| Minority Interest | $0 |
| TOTAL EQUITY | $269M |
| TOTAL LIABILITIES & EQUITY | $338M |
| Total Debt | $4M |
| Net Debt | -$45M |
