| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $1M | $0 | 59.3% | — |
| Op. Income | -$32M | -$31M | -$26M | -1.2% | -22.9% |
| Gross Margin | 100.0% | 100.0% | — | 0.0pp | — |
| Net Margin | -1382.6% | -2219.8% | — | 837.2pp | — |
| EPS (Diluted) | $-0.53 | $-0.54 | $-0.48 | 1.9% | -10.4% |
| Free Cash Flow | -$34M | -$36M | -$40M | 5.4% | 14.3% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $2M |
| R&D Expenses | $26M |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $34M |
| Cost & Expenses | $34M |
| OPERATING INCOME | -$32M |
| Interest Expense | $373.0K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$31M |
| Income Tax Expense | $25.0K |
| 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 | $3M |
| EBIT | -$30M |
| EBITDA | -$28M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$31M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $538.0K |
| Change in Working Capital | $412.0K |
| OPERATING CASH FLOW | -$24M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | -$32M |
| Purchases of Investments | -$66M |
| Sales/Maturities of Investments | $99M |
| Other Investing Activities | $32M |
| NET CASH FROM INVESTING | $23M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $138.0K |
| FREE CASH FLOW | -$34M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $111M |
| Short-Term Investments | $245M |
| Net Receivables | $364.0K |
| Inventory | $0 |
| Other Current Assets | $629.0K |
| TOTAL CURRENT ASSETS | $362M |
| PP&E (Net) | $107M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $39M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $150M |
| TOTAL ASSETS | $512M |
| Account Payables | $6M |
| Short-Term Debt | $4M |
| Deferred Revenue | $8M |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $27M |
| Long-Term Debt | $6M |
| Deferred Revenue NC | $111M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $971.0K |
| TOTAL NON-CURRENT LIABILITIES | $155M |
| TOTAL LIABILITIES | $182M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $821M |
| Retained Earnings | -$487M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $330M |
| Minority Interest | $0 |
| TOTAL EQUITY | $330M |
| TOTAL LIABILITIES & EQUITY | $512M |
| Total Debt | $47M |
| Net Debt | -$64M |
