| Metric | Q4 2021 | Q3 2021 | Q4 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $39M | $17M | $41M | 128.9% | -5.4% |
| Op. Income | -$117M | -$87M | -$59M | -35.3% | -98.4% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | -226.5% | -736.0% | -140.4% | 509.5pp | -86.2pp |
| EPS (Diluted) | $-0.60 | $-0.87 | $-0.44 | 31.0% | -36.4% |
| Free Cash Flow | -$73M | -$57M | -$68M | -27.1% | -6.3% |
| Item | Amount |
|---|---|
| REVENUE | $39M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $39M |
| R&D Expenses | $87M |
| Selling & Marketing | $53M |
| General & Administrative | $17M |
| SG&A Expenses | $70M |
| Other Expenses | -$258.0K |
| Operating Expenses | $156M |
| Cost & Expenses | $156M |
| OPERATING INCOME | -$117M |
| Interest Income | $423.0K |
| Interest Expense | $602.0K |
| Other Income/Expenses | $29M |
| INCOME BEFORE TAX | -$88M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$88M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$88M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$88M |
| D&A | $4M |
| EBIT | -$88M |
| EBITDA | -$84M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$88M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$28M |
| Change in Working Capital | $38M |
| OPERATING CASH FLOW | -$70M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$30M |
| Sales/Maturities of Investments | $130M |
| Other Investing Activities | $326.0K |
| NET CASH FROM INVESTING | $97M |
| Net Debt Issuance | -$422.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $543.0K |
| NET CASH FROM FINANCING | $324M |
| FREE CASH FLOW | -$73M |
| Net Change in Cash | $351M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $689M |
| Short-Term Investments | $193M |
| Net Receivables | $59M |
| Inventory | $2M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $950M |
| PP&E (Net) | $143M |
| Goodwill | $0 |
| Intangible Assets | $17M |
| Long-Term Investments | $5M |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $170M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $7M |
| Short-Term Debt | $0 |
| Deferred Revenue | $304.0K |
| Other Current Liabilities | $88M |
| TOTAL CURRENT LIABILITIES | $229M |
| Long-Term Debt | $120M |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $396.0K |
| TOTAL NON-CURRENT LIABILITIES | $124M |
| TOTAL LIABILITIES | $354M |
| Common Stock | $31.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$520M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $5M |
| Other Equity | $20M |
| TOTAL STOCKHOLDERS' EQUITY | $766M |
| Minority Interest | $0 |
| TOTAL EQUITY | $766M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $123M |
| Net Debt | -$566M |
