| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $30M | $6M | $9M | 407.6% | 230.9% |
| Op. Income | $660.0K | -$22M | -$12M | 102.9% | 105.6% |
| Gross Margin | 96.9% | 79.4% | -72.7% | 17.5pp | 169.6pp |
| Net Margin | 5.4% | -377.0% | -129.0% | 382.4pp | 134.5pp |
| EPS (Diluted) | $0.06 | $-0.56 | $-0.31 | 111.2% | 120.2% |
| Free Cash Flow | -$25M | -$22M | -$13M | -15.2% | -95.5% |
| Item | Amount |
|---|---|
| REVENUE | $30M |
| Cost of Revenue | $925.0K |
| GROSS PROFIT | $29M |
| R&D Expenses | $22M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $6M |
| Other Expenses | $0 |
| Operating Expenses | $28M |
| Cost & Expenses | $29M |
| OPERATING INCOME | $660.0K |
| Interest Income | $955.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $955.0K |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $925.0K |
| EBIT | $2M |
| EBITDA | $3M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $30M |
| Cost of Revenue | $925.0K |
| GROSS PROFIT | $29M |
| R&D Expenses | $22M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $6M |
| Other Expenses | $0 |
| Operating Expenses | $28M |
| Cost & Expenses | $29M |
| OPERATING INCOME | $660.0K |
| Interest Income | $955.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $955.0K |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $925.0K |
| EBIT | $2M |
| EBITDA | $3M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $925.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$27M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$24M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$88M |
| Sales/Maturities of Investments | $71M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$19M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $147.0K |
| NET CASH FROM FINANCING | $96M |
| FREE CASH FLOW | -$25M |
| Net Change in Cash | $53M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $102M |
| Short-Term Investments | $284M |
| Net Receivables | $3M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $393M |
| PP&E (Net) | $10M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $8M |
| Tax Assets | $0 |
| Other Non-Current Assets | $252.0K |
| TOTAL NON-CURRENT ASSETS | $17M |
| TOTAL ASSETS | $411M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $10M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $33M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $7M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $9M |
| TOTAL LIABILITIES | $42M |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $584M |
| Retained Earnings | -$211M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $369M |
| Minority Interest | $0 |
| TOTAL EQUITY | $369M |
| TOTAL LIABILITIES & EQUITY | $411M |
| Total Debt | $4M |
| Net Debt | -$98M |
