| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $61M | $17M | $38M | 267.7% | 58.3% |
| Op. Income | -$63M | -$135M | -$70M | 53.4% | 10.6% |
| Gross Margin | -53.3% | 65.5% | -103.2% | -118.8pp | 49.9pp |
| Net Margin | -103.9% | -810.5% | -186.7% | 706.6pp | 82.8pp |
| EPS (Diluted) | $-0.68 | $-1.45 | $-0.78 | 53.1% | 12.8% |
| Free Cash Flow | -$45M | -$56M | -$46M | 19.9% | 0.9% |
| Item | Amount |
|---|---|
| REVENUE | $61M |
| Cost of Revenue | $93M |
| GROSS PROFIT | -$32M |
| R&D Expenses | $89M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$58M |
| Operating Expenses | $31M |
| Cost & Expenses | $124M |
| OPERATING INCOME | -$63M |
| Interest Income | $0 |
| Interest Expense | $419.0K |
| Other Income/Expenses | -$99.0K |
| INCOME BEFORE TAX | -$63M |
| Income Tax Expense | $113.0K |
| Net Income from Continuing Ops | -$63M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$63M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$63M |
| D&A | $3M |
| EBIT | -$63M |
| EBITDA | -$60M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$63M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $618.0K |
| Change in Working Capital | $34M |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$37M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$21M |
| Sales/Maturities of Investments | $83M |
| Other Investing Activities | -$35M |
| NET CASH FROM INVESTING | $26M |
| Net Debt Issuance | -$102.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | -$45M |
| Net Change in Cash | $15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $186M |
| Short-Term Investments | $242M |
| Net Receivables | $44M |
| Inventory | $43M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $524M |
| PP&E (Net) | $115M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $98M |
| Tax Assets | $0 |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $222M |
| TOTAL ASSETS | $746M |
| Account Payables | $36M |
| Short-Term Debt | $0 |
| Deferred Revenue | $8M |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $255M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $185M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $42M |
| TOTAL NON-CURRENT LIABILITIES | $313M |
| TOTAL LIABILITIES | $568M |
| Common Stock | $933.0K |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $158M |
| Minority Interest | $20M |
| TOTAL EQUITY | $178M |
| TOTAL LIABILITIES & EQUITY | $746M |
| Total Debt | $97M |
| Net Debt | -$89M |
