| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $30M | $61M | $24M | -51.0% | 22.3% |
| Op. Income | -$78M | -$63M | -$134M | -24.2% | 41.6% |
| Gross Margin | 77.2% | -53.3% | -415.7% | 130.5pp | 492.9pp |
| Net Margin | -243.7% | -103.9% | -549.9% | -139.7pp | 306.3pp |
| EPS (Diluted) | $-0.78 | $-0.68 | $-1.45 | -14.7% | 46.2% |
| Free Cash Flow | -$34M | -$45M | -$28M | 24.7% | -20.3% |
| Item | Amount |
|---|---|
| REVENUE | $30M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $23M |
| R&D Expenses | $71M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $30M |
| Other Expenses | $0 |
| Operating Expenses | $101M |
| Cost & Expenses | $108M |
| OPERATING INCOME | -$78M |
| Interest Income | $5M |
| Interest Expense | $141.0K |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | -$73M |
| Income Tax Expense | $23.0K |
| Net Income from Continuing Ops | -$73M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$73M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$73M |
| D&A | $3M |
| EBIT | -$73M |
| EBITDA | -$70M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$73M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $13.0K |
| Change in Working Capital | $20M |
| OPERATING CASH FLOW | -$33M |
| Capital Expenditure | -$905.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$38M |
| Sales/Maturities of Investments | $56M |
| Other Investing Activities | $6.0K |
| NET CASH FROM INVESTING | $17M |
| Net Debt Issuance | -$122.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$34M |
| Net Change in Cash | -$18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $168M |
| Short-Term Investments | $270M |
| Net Receivables | $34M |
| Inventory | $41M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $521M |
| PP&E (Net) | $109M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $50M |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $166M |
| TOTAL ASSETS | $687M |
| Account Payables | $29M |
| Short-Term Debt | $0 |
| Deferred Revenue | $8M |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $240M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $205M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $34M |
| TOTAL NON-CURRENT LIABILITIES | $323M |
| TOTAL LIABILITIES | $563M |
| Common Stock | $937.0K |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $104M |
| Minority Interest | $20M |
| TOTAL EQUITY | $124M |
| TOTAL LIABILITIES & EQUITY | $687M |
| Total Debt | $94M |
| Net Debt | -$74M |
