| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $16M | $30M | $156M | -47.2% | -89.9% |
| Op. Income | -$94M | -$78M | $51M | -19.7% | -283.7% |
| Gross Margin | 72.6% | 77.2% | 49.3% | -4.5pp | 23.4pp |
| Net Margin | -582.5% | -243.7% | 31.9% | -338.8pp | -614.4pp |
| EPS (Diluted) | $-0.98 | $-0.78 | $0.54 | -25.6% | -281.5% |
| Free Cash Flow | -$53M | -$34M | $18M | -55.3% | -398.3% |
| Item | Amount |
|---|---|
| REVENUE | $16M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $11M |
| R&D Expenses | $75M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $30M |
| Other Expenses | $0 |
| Operating Expenses | $105M |
| Cost & Expenses | $109M |
| OPERATING INCOME | -$94M |
| Interest Income | $2M |
| Interest Expense | $84.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$92M |
| Income Tax Expense | $114.0K |
| Net Income from Continuing Ops | -$92M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$92M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$92M |
| D&A | $3M |
| EBIT | -$92M |
| EBITDA | -$89M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$92M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$80.0K |
| Change in Working Capital | $22M |
| OPERATING CASH FLOW | -$52M |
| Capital Expenditure | -$865.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$38M |
| Sales/Maturities of Investments | $84M |
| Other Investing Activities | $2.0K |
| NET CASH FROM INVESTING | $45M |
| Net Debt Issuance | -$101.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$991.0K |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | -$53M |
| Net Change in Cash | -$12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $156M |
| Short-Term Investments | $253M |
| Net Receivables | $15M |
| Inventory | $40M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $474M |
| PP&E (Net) | $105M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $22M |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $135M |
| TOTAL ASSETS | $609M |
| Account Payables | $19M |
| Short-Term Debt | $0 |
| Deferred Revenue | $8M |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $252M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $200M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $30M |
| TOTAL NON-CURRENT LIABILITIES | $311M |
| TOTAL LIABILITIES | $563M |
| Common Stock | $939.0K |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $26M |
| Minority Interest | $20M |
| TOTAL EQUITY | $46M |
| TOTAL LIABILITIES & EQUITY | $609M |
| Total Debt | $93M |
| Net Debt | -$63M |
