| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $1M | $0 | 31.9% | — |
| Op. Income | -$31M | -$37M | -$23M | 16.3% | -36.2% |
| Gross Margin | 100.0% | 100.0% | — | 0.0pp | — |
| Net Margin | -2219.8% | -3545.7% | — | 1325.9pp | — |
| EPS (Diluted) | $-0.54 | $-0.66 | $-0.43 | 18.2% | -25.6% |
| Free Cash Flow | -$36M | $83M | -$29M | -143.6% | -23.7% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $1M |
| R&D Expenses | $24M |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $33M |
| Cost & Expenses | $33M |
| OPERATING INCOME | -$31M |
| Interest Expense | $330.0K |
| Other Income/Expenses | $381.0K |
| INCOME BEFORE TAX | -$31M |
| Income Tax Expense | $18.0K |
| Net Income from Continuing Ops | -$31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$31M |
| D&A | $2M |
| EBIT | -$31M |
| EBITDA | -$29M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$31M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $514.0K |
| Change in Working Capital | $479.0K |
| OPERATING CASH FLOW | -$26M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$34M |
| Sales/Maturities of Investments | $57M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $13M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $48.0K |
| FREE CASH FLOW | -$36M |
| Net Change in Cash | -$13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $113M |
| Short-Term Investments | $266M |
| Net Receivables | $284.0K |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $384M |
| PP&E (Net) | $95M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $51M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $149M |
| TOTAL ASSETS | $533M |
| Account Payables | $4M |
| Short-Term Debt | $2M |
| Deferred Revenue | $8M |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $22M |
| Long-Term Debt | $9M |
| Deferred Revenue NC | $113M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $153M |
| TOTAL LIABILITIES | $175M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $818M |
| Retained Earnings | -$457M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $358M |
| Minority Interest | $0 |
| TOTAL EQUITY | $358M |
| TOTAL LIABILITIES & EQUITY | $533M |
| Total Debt | $41M |
| Net Debt | -$72M |
