| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | $30M | $3M | -86.5% | 35.7% |
| Op. Income | -$26M | $660.0K | -$18M | -4106.7% | -44.0% |
| Gross Margin | 86.1% | 96.9% | 85.7% | -10.8pp | 0.5pp |
| Net Margin | -601.7% | 5.4% | -614.6% | -607.2pp | 12.9pp |
| EPS (Diluted) | $-0.46 | $0.06 | $-0.47 | -836.0% | 2.1% |
| Free Cash Flow | -$23M | -$25M | -$17M | 7.5% | -35.4% |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $558.0K |
| GROSS PROFIT | $3M |
| R&D Expenses | $25M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5M |
| Other Expenses | -$1.0K |
| Operating Expenses | $30M |
| Cost & Expenses | $30M |
| OPERATING INCOME | -$26M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$24M |
| Income Tax Expense | $0 |
| 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 | $558.0K |
| EBIT | -$24M |
| EBITDA | -$24M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$24M |
| Depreciation & Amortization | $922.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | -$23M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$66M |
| Sales/Maturities of Investments | $55M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $324.0K |
| FREE CASH FLOW | -$23M |
| Net Change in Cash | -$33M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $69M |
| Short-Term Investments | $296M |
| Net Receivables | $211.0K |
| Inventory | $0 |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $370M |
| PP&E (Net) | $9M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $8M |
| Tax Assets | $0 |
| Other Non-Current Assets | $205.0K |
| TOTAL NON-CURRENT ASSETS | $18M |
| TOTAL ASSETS | $388M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $9M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $32M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $5M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $7M |
| TOTAL LIABILITIES | $39M |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $588M |
| Retained Earnings | -$235M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $349M |
| Minority Interest | $0 |
| TOTAL EQUITY | $349M |
| TOTAL LIABILITIES & EQUITY | $388M |
| Total Debt | $3M |
| Net Debt | -$65M |
