| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $120M | $18M | $9M | 554.3% | 1290.1% |
| Op. Income | $80M | -$19M | -$28M | 526.5% | 387.3% |
| Gross Margin | 75.6% | -46.0% | -211.3% | 121.6pp | 286.9pp |
| Net Margin | 83.2% | -106.7% | -291.7% | 190.0pp | 375.0pp |
| EPS (Diluted) | $1.58 | $-0.30 | $-0.40 | 619.2% | 497.1% |
| Free Cash Flow | $126M | -$33M | -$20M | 478.7% | 726.6% |
| Item | Amount |
|---|---|
| REVENUE | $120M |
| Cost of Revenue | $29M |
| GROSS PROFIT | $91M |
| R&D Expenses | $29M |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | -$8.2K |
| Operating Expenses | $40M |
| Cost & Expenses | $40M |
| OPERATING INCOME | $80M |
| Interest Income | $7.0K |
| Interest Expense | $189.4K |
| Other Income/Expenses | $20M |
| INCOME BEFORE TAX | $100M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $100M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $100M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $100M |
| D&A | $2M |
| EBIT | $100M |
| EBITDA | $102M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $120M |
| Cost of Revenue | $29M |
| GROSS PROFIT | $91M |
| R&D Expenses | $29M |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | -$8.2K |
| Operating Expenses | $40M |
| Cost & Expenses | $40M |
| OPERATING INCOME | $80M |
| Interest Income | $7.0K |
| Interest Expense | $189.4K |
| Other Income/Expenses | $20M |
| INCOME BEFORE TAX | $100M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $100M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $100M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $100M |
| D&A | $2M |
| EBIT | $100M |
| EBITDA | $102M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $100M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$19M |
| Change in Working Capital | $38M |
| OPERATING CASH FLOW | $128M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $8M |
| Other Investing Activities | $1.2K |
| NET CASH FROM INVESTING | $7M |
| Net Debt Issuance | -$805.6K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$805.6K |
| FREE CASH FLOW | $126M |
| Net Change in Cash | $134M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $289M |
| Short-Term Investments | $6M |
| Net Receivables | $3M |
| Inventory | $4M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $304M |
| PP&E (Net) | $23M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $26M |
| TOTAL ASSETS | $330M |
| Account Payables | $16M |
| Short-Term Debt | -$1.2K |
| Deferred Revenue | $72M |
| Other Current Liabilities | $15M |
| TOTAL CURRENT LIABILITIES | $107M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $79M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $72.5K |
| TOTAL NON-CURRENT LIABILITIES | $87M |
| TOTAL LIABILITIES | $194M |
| Common Stock | $735.4K |
| Additional Paid-In Capital | $667M |
| Retained Earnings | -$529M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $136M |
| Minority Interest | $0 |
| TOTAL EQUITY | $136M |
| TOTAL LIABILITIES & EQUITY | $330M |
| Total Debt | $11M |
| Net Debt | -$278M |
