| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $44M | $18M | $18M | 150.0% | 139.4% |
| Op. Income | $10M | -$26M | -$19M | 139.8% | 154.3% |
| Gross Margin | 26.0% | -89.7% | -46.0% | 115.8pp | 72.0pp |
| Net Margin | -35.2% | -139.0% | -106.7% | 103.8pp | 71.5pp |
| EPS (Diluted) | $-0.22 | $-0.37 | $-0.30 | 40.6% | 26.9% |
| Free Cash Flow | -$40M | -$39M | -$33M | -0.8% | -19.5% |
| Item | Amount |
|---|---|
| REVENUE | $44M |
| Cost of Revenue | $33M |
| GROSS PROFIT | $11M |
| R&D Expenses | $33M |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $18.7K |
| Operating Expenses | $44M |
| Cost & Expenses | $44M |
| OPERATING INCOME | $10M |
| Interest Income | $10M |
| Interest Expense | $9M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | -$12M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$15M |
| D&A | $2M |
| EBIT | -$12M |
| EBITDA | $2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$15M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $19M |
| Change in Working Capital | -$49M |
| OPERATING CASH FLOW | -$37M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$102M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1.2K |
| NET CASH FROM INVESTING | -$105M |
| Net Debt Issuance | -$796.2K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | $123M |
| FREE CASH FLOW | -$40M |
| Net Change in Cash | -$35M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $174M |
| Short-Term Investments | $250M |
| Net Receivables | $1M |
| Inventory | $0 |
| Other Current Assets | $16M |
| TOTAL CURRENT ASSETS | $441M |
| PP&E (Net) | $31M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $36M |
| TOTAL ASSETS | $477M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $76M |
| Other Current Liabilities | $21M |
| TOTAL CURRENT LIABILITIES | $124M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $89M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $49.1K |
| TOTAL NON-CURRENT LIABILITIES | $103M |
| TOTAL LIABILITIES | $228M |
| Common Stock | $896.8K |
| Additional Paid-In Capital | $835M |
| Retained Earnings | -$585M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $249M |
| Minority Interest | $0 |
| TOTAL EQUITY | $249M |
| TOTAL LIABILITIES & EQUITY | $477M |
| Total Debt | $17M |
| Net Debt | -$157M |
