| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $18M | $20M | — | -12.5% | — |
| Op. Income | -$26M | -$19M | — | -31.6% | — |
| Gross Margin | -89.7% | -46.5% | — | -43.2pp | — |
| Net Margin | -139.0% | -81.2% | — | -57.8pp | — |
| EPS (Diluted) | $-0.37 | $-0.26 | — | -45.5% | — |
| Free Cash Flow | -$39M | $63M | — | -162.8% | — |
| Item | Amount |
|---|---|
| REVENUE | $18M |
| Cost of Revenue | $33M |
| GROSS PROFIT | -$16M |
| R&D Expenses | $33M |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | -$10.5K |
| Operating Expenses | $43M |
| Cost & Expenses | $43M |
| OPERATING INCOME | -$26M |
| Interest Income | $783.4K |
| Interest Expense | $245.5K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$24M |
| Income Tax Expense | $652.4K |
| 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 | $2M |
| EBIT | -$24M |
| EBITDA | -$21M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$24M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $652.4K |
| Other Non-Cash Items | -$8M |
| Change in Working Capital | -$14M |
| OPERATING CASH FLOW | -$38M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$81M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $60.8K |
| NET CASH FROM INVESTING | -$83M |
| Net Debt Issuance | -$897.9K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$129.8K |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$39M |
| Net Change in Cash | -$102M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $208M |
| Short-Term Investments | $153M |
| Net Receivables | $2M |
| Inventory | $10M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $377M |
| PP&E (Net) | $31M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $37M |
| TOTAL ASSETS | $414M |
| Account Payables | $15M |
| Short-Term Debt | $0 |
| Deferred Revenue | $94M |
| Other Current Liabilities | $29M |
| TOTAL CURRENT LIABILITIES | $145M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $121M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $64.3K |
| TOTAL NON-CURRENT LIABILITIES | $137M |
| TOTAL LIABILITIES | $282M |
| Common Stock | $768.2K |
| Additional Paid-In Capital | $704M |
| Retained Earnings | -$569M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $132M |
| Minority Interest | $0 |
| TOTAL EQUITY | $132M |
| TOTAL LIABILITIES & EQUITY | $414M |
| Total Debt | $19M |
| Net Debt | -$189M |
