| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $48M | $126M | $23M | -62.2% | 104.9% |
| Op. Income | -$35M | $47M | -$52M | -173.6% | 34.0% |
| Gross Margin | 97.0% | 99.4% | 96.0% | -2.4pp | 1.0pp |
| Net Margin | -86.8% | 30.7% | -246.8% | -117.5pp | 160.0pp |
| EPS (Diluted) | $-0.53 | $0.46 | $-0.77 | -215.2% | 31.2% |
| Free Cash Flow | -$59M | $25M | -$53M | -334.6% | -12.1% |
| Item | Amount |
|---|---|
| REVENUE | $48M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $46M |
| R&D Expenses | $42M |
| Selling & Marketing | $0 |
| General & Administrative | $39M |
| SG&A Expenses | $39M |
| Other Expenses | $0 |
| Operating Expenses | $81M |
| Cost & Expenses | $82M |
| OPERATING INCOME | -$35M |
| Interest Income | $74.0K |
| Interest Expense | $7M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | -$41M |
| Income Tax Expense | $130.0K |
| Net Income from Continuing Ops | -$41M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$41M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$41M |
| D&A | $177.0K |
| EBIT | -$35M |
| EBITDA | -$34M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$41M |
| Depreciation & Amortization | $375.0K |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$27M |
| OPERATING CASH FLOW | -$59M |
| Capital Expenditure | -$79.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$14M |
| NET CASH FROM INVESTING | -$14M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $31M |
| NET CASH FROM FINANCING | $31M |
| FREE CASH FLOW | -$59M |
| Net Change in Cash | -$43M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $153M |
| Short-Term Investments | $52M |
| Net Receivables | $25M |
| Inventory | $4M |
| Other Current Assets | $30M |
| TOTAL CURRENT ASSETS | $277M |
| PP&E (Net) | $9M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $18M |
| TOTAL ASSETS | $294M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $66M |
| Long-Term Debt | $169M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $133M |
| TOTAL NON-CURRENT LIABILITIES | $311M |
| TOTAL LIABILITIES | $377M |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $87.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$83M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$83M |
| TOTAL LIABILITIES & EQUITY | $294M |
| Total Debt | $180M |
| Net Debt | $27M |
