| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $28M | $27M | $39M | 1.0% | -29.1% |
| Op. Income | -$129M | -$249M | -$117M | 48.4% | -9.7% |
| Gross Margin | -2.1% | -375.0% | 100.0% | 372.9pp | -102.1pp |
| Net Margin | -491.7% | -310.5% | -226.5% | -181.2pp | -265.2pp |
| EPS (Diluted) | $-0.85 | $-0.54 | $-0.60 | -57.4% | -41.7% |
| Free Cash Flow | -$57M | -$74M | -$73M | 22.4% | 21.2% |
| Item | Amount |
|---|---|
| REVENUE | $28M |
| Cost of Revenue | $28M |
| GROSS PROFIT | -$580.0K |
| R&D Expenses | $81M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $47M |
| Other Expenses | $0 |
| Operating Expenses | $128M |
| Cost & Expenses | $156M |
| OPERATING INCOME | -$129M |
| Interest Income | $5M |
| Interest Expense | $5M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | -$136M |
| Income Tax Expense | $153.0K |
| Net Income from Continuing Ops | -$136M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$136M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$136M |
| D&A | $5M |
| EBIT | -$131M |
| EBITDA | -$126M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$136M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $12M |
| Change in Working Capital | $59M |
| OPERATING CASH FLOW | -$50M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$125M |
| Sales/Maturities of Investments | $164M |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | $25M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $624.0K |
| NET CASH FROM FINANCING | -$783.0K |
| FREE CASH FLOW | -$57M |
| Net Change in Cash | -$27M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $786M |
| Short-Term Investments | $240M |
| Net Receivables | $45M |
| Inventory | $10M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $162M |
| Goodwill | $0 |
| Intangible Assets | $69M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $232M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $32M |
| Short-Term Debt | $0 |
| Deferred Revenue | $451.0K |
| Other Current Liabilities | $67M |
| TOTAL CURRENT LIABILITIES | $298M |
| Long-Term Debt | $261M |
| Deferred Revenue NC | $8M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $233.0K |
| TOTAL NON-CURRENT LIABILITIES | $289M |
| TOTAL LIABILITIES | $587M |
| Common Stock | $33.0K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$966M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $15M |
| Other Equity | $39M |
| TOTAL STOCKHOLDERS' EQUITY | $744M |
| Minority Interest | $0 |
| TOTAL EQUITY | $744M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $285M |
| Net Debt | -$501M |
