| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $44M | $41M | $24M | 8.0% | 88.5% |
| Op. Income | -$73M | -$68M | -$48M | -6.1% | -50.9% |
| Gross Margin | 24.4% | 43.4% | 9.4% | -19.0pp | 15.0pp |
| Net Margin | -168.8% | -171.5% | -208.5% | 2.6pp | 39.7pp |
| EPS (Diluted) | $-1.21 | $-1.14 | $-0.81 | -6.1% | -49.4% |
| Free Cash Flow | -$42M | -$52M | -$42M | 18.5% | 0.0% |
| Item | Amount |
|---|---|
| REVENUE | $44M |
| Cost of Revenue | $34M |
| GROSS PROFIT | $11M |
| R&D Expenses | $0 |
| Selling & Marketing | $38M |
| General & Administrative | $28M |
| SG&A Expenses | $67M |
| Other Expenses | $17M |
| Operating Expenses | $83M |
| Cost & Expenses | $117M |
| OPERATING INCOME | -$73M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$73M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$75M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$75M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$75M |
| D&A | $2M |
| EBIT | -$73M |
| EBITDA | -$71M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$75M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $15M |
| OPERATING CASH FLOW | -$40M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$47M |
| Sales/Maturities of Investments | $54M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $4M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $600.0K |
| NET CASH FROM FINANCING | $600.0K |
| FREE CASH FLOW | -$42M |
| Net Change in Cash | -$36M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $235M |
| Short-Term Investments | $778M |
| Net Receivables | $248M |
| Inventory | $0 |
| Other Current Assets | -$1.4B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $13M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $778M |
| Tax Assets | $0 |
| Other Non-Current Assets | -$792M |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $1.5B |
| Account Payables | $37M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$72M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $39M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$63M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $583M |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$637M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$19M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $913M |
| Minority Interest | $0 |
| TOTAL EQUITY | $913M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $24M |
| Net Debt | -$211M |
