| Metric | Q4 2021 | Q3 2021 | Q4 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $18M | — | $11M | — | 66.5% |
| Op. Income | -$19M | — | -$23M | — | 19.8% |
| Gross Margin | -46.0% | — | -120.7% | — | 74.7pp |
| Net Margin | -106.7% | — | -239.1% | — | 132.4pp |
| EPS (Diluted) | $-0.30 | — | $-0.42 | — | 27.8% |
| Free Cash Flow | -$33M | — | -$32M | — | -4.3% |
| Item | Amount |
|---|---|
| REVENUE | $18M |
| Cost of Revenue | $27M |
| GROSS PROFIT | -$8M |
| R&D Expenses | $27M |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | -$16.4K |
| Operating Expenses | $37M |
| Cost & Expenses | $37M |
| OPERATING INCOME | -$19M |
| Interest Income | $36.2K |
| Interest Expense | $191.7K |
| Other Income/Expenses | -$850.0K |
| INCOME BEFORE TAX | -$20M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$20M |
| D&A | $2M |
| EBIT | -$19M |
| EBITDA | -$18M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$20M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $376.5K |
| Change in Working Capital | -$21M |
| OPERATING CASH FLOW | -$31M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $20M |
| Purchases of Investments | $50M |
| Sales/Maturities of Investments | -$50M |
| Other Investing Activities | -$20M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$707.4K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$685.1K |
| FREE CASH FLOW | -$33M |
| Net Change in Cash | -$33M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $155M |
| Short-Term Investments | $14M |
| Net Receivables | $2M |
| Inventory | $4M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $178M |
| PP&E (Net) | $24M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $743.6K |
| TOTAL NON-CURRENT ASSETS | $26M |
| TOTAL ASSETS | $204M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $59M |
| Other Current Liabilities | $33M |
| TOTAL CURRENT LIABILITIES | $111M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $56M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $79.5K |
| TOTAL NON-CURRENT LIABILITIES | $65M |
| TOTAL LIABILITIES | $176M |
| Common Stock | $735.4K |
| Additional Paid-In Capital | $661M |
| Retained Earnings | -$629M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $28M |
| Minority Interest | $0 |
| TOTAL EQUITY | $28M |
| TOTAL LIABILITIES & EQUITY | $204M |
| Total Debt | $12M |
| Net Debt | -$144M |
