| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $41M | $39M | $14M | 6.0% | 189.0% |
| Op. Income | -$155M | -$117M | -$150M | -32.5% | -3.5% |
| Gross Margin | -96.8% | 100.0% | -396.9% | -196.8pp | 300.1pp |
| Net Margin | -99.4% | -226.5% | -565.6% | 127.1pp | 466.2pp |
| EPS (Diluted) | $-0.27 | $-0.60 | $-1.22 | 55.0% | 77.9% |
| Free Cash Flow | -$91M | -$73M | -$42M | -24.9% | -115.2% |
| Item | Amount |
|---|---|
| REVENUE | $41M |
| Cost of Revenue | $81M |
| GROSS PROFIT | -$40M |
| R&D Expenses | $81M |
| Selling & Marketing | $21M |
| General & Administrative | $13M |
| SG&A Expenses | $34M |
| Other Expenses | $0 |
| Operating Expenses | $115M |
| Cost & Expenses | $197M |
| OPERATING INCOME | -$155M |
| Interest Expense | $1M |
| Other Income/Expenses | $114M |
| INCOME BEFORE TAX | -$41M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$41M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$41M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$41M |
| D&A | $3M |
| EBIT | -$74M |
| EBITDA | -$71M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$41M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$21M |
| Change in Working Capital | -$27M |
| OPERATING CASH FLOW | -$79M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$220M |
| NET CASH FROM INVESTING | -$233M |
| Net Debt Issuance | -$434.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $459.0K |
| NET CASH FROM FINANCING | $25.0K |
| FREE CASH FLOW | -$91M |
| Net Change in Cash | -$311M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $378M |
| Short-Term Investments | $413M |
| Net Receivables | $67M |
| Inventory | $3M |
| Other Current Assets | -$15M |
| TOTAL CURRENT ASSETS | $863M |
| PP&E (Net) | $164M |
| Goodwill | $0 |
| Intangible Assets | $5M |
| Long-Term Investments | $5M |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $178M |
| TOTAL ASSETS | $1.0B |
| Account Payables | $10M |
| Short-Term Debt | $0 |
| Deferred Revenue | $66M |
| Other Current Liabilities | $53M |
| TOTAL CURRENT LIABILITIES | $226M |
| Long-Term Debt | $127M |
| Deferred Revenue NC | $248M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $356.0K |
| TOTAL NON-CURRENT LIABILITIES | $376M |
| TOTAL LIABILITIES | $602M |
| Common Stock | $31.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $439M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $439M |
| Minority Interest | $0 |
| TOTAL EQUITY | $439M |
| TOTAL LIABILITIES & EQUITY | $1.0B |
| Total Debt | $129M |
| Net Debt | -$249M |
