| Metric | Q4 2021 | Q3 2021 | Q4 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $17M | $156M | $65M | -89.4% | -74.5% |
| Op. Income | -$135M | $51M | -$58M | -365.3% | -133.2% |
| Gross Margin | 65.5% | 49.3% | 96.0% | 16.2pp | -30.5pp |
| Net Margin | -810.5% | 31.9% | -90.2% | -842.4pp | -720.3pp |
| EPS (Diluted) | $-1.45 | $0.54 | $-0.64 | -368.5% | -126.6% |
| Free Cash Flow | -$56M | $18M | -$10M | -418.8% | -485.9% |
| Item | Amount |
|---|---|
| REVENUE | $17M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $11M |
| R&D Expenses | $114M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $32M |
| Other Expenses | $0 |
| Operating Expenses | $146M |
| Cost & Expenses | $152M |
| OPERATING INCOME | -$135M |
| Interest Income | $1M |
| Interest Expense | $110.0K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$134M |
| Income Tax Expense | $112.0K |
| Net Income from Continuing Ops | -$134M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$134M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$134M |
| D&A | $3M |
| EBIT | -$134M |
| EBITDA | -$132M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$134M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $36M |
| Change in Working Capital | $24M |
| OPERATING CASH FLOW | -$55M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$86M |
| Sales/Maturities of Investments | $37M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$51M |
| Net Debt Issuance | -$231.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$638.0K |
| NET CASH FROM FINANCING | -$31.0K |
| FREE CASH FLOW | -$56M |
| Net Change in Cash | -$103M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $171M |
| Short-Term Investments | $234M |
| Net Receivables | $25M |
| Inventory | $31M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $474M |
| PP&E (Net) | $119M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $172M |
| Tax Assets | $0 |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $300M |
| TOTAL ASSETS | $774M |
| Account Payables | $26M |
| Short-Term Debt | $0 |
| Deferred Revenue | $19M |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $225M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $187M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $44M |
| TOTAL NON-CURRENT LIABILITIES | $319M |
| TOTAL LIABILITIES | $545M |
| Common Stock | $929.0K |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $209M |
| Minority Interest | $20M |
| TOTAL EQUITY | $229M |
| TOTAL LIABILITIES & EQUITY | $774M |
| Total Debt | $100M |
| Net Debt | -$72M |
