| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $40M | $48M | $23M | -16.8% | 75.6% |
| Op. Income | -$43M | -$35M | -$49M | -24.1% | 12.5% |
| Gross Margin | 97.6% | 97.0% | 95.0% | 0.6pp | 2.7pp |
| Net Margin | -123.6% | -86.8% | -237.1% | -36.8pp | 113.4pp |
| EPS (Diluted) | $-0.62 | $-0.53 | $-0.71 | -17.0% | 12.7% |
| Free Cash Flow | -$35M | -$59M | -$56M | 40.7% | 37.0% |
| Item | Amount |
|---|---|
| REVENUE | $40M |
| Cost of Revenue | $939.0K |
| GROSS PROFIT | $39M |
| R&D Expenses | $44M |
| Selling & Marketing | $0 |
| General & Administrative | $37M |
| SG&A Expenses | $37M |
| Other Expenses | $0 |
| Operating Expenses | $82M |
| Cost & Expenses | $83M |
| OPERATING INCOME | -$43M |
| Interest Income | $293.0K |
| Interest Expense | $6M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$49M |
| Income Tax Expense | $121.0K |
| Net Income from Continuing Ops | -$49M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$49M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$49M |
| D&A | $149.0K |
| EBIT | -$43M |
| EBITDA | -$42M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$49M |
| Depreciation & Amortization | $351.0K |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $338.0K |
| OPERATING CASH FLOW | -$35M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$37M |
| NET CASH FROM INVESTING | -$37M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$35M |
| Net Change in Cash | -$71M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $82M |
| Short-Term Investments | $89M |
| Net Receivables | $23M |
| Inventory | $3M |
| Other Current Assets | $33M |
| TOTAL CURRENT ASSETS | $242M |
| PP&E (Net) | $9M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $14M |
| TOTAL ASSETS | $256M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $63M |
| Long-Term Debt | $170M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $133M |
| TOTAL NON-CURRENT LIABILITIES | $310M |
| TOTAL LIABILITIES | $373M |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$538.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$116M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$116M |
| TOTAL LIABILITIES & EQUITY | $256M |
| Total Debt | $180M |
| Net Debt | $98M |
