| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $50M | $44M | $28M | 12.9% | 77.3% |
| Op. Income | -$65M | -$73M | -$53M | 10.5% | -22.9% |
| Gross Margin | 24.4% | 24.4% | 35.5% | 0.0pp | -11.1pp |
| Net Margin | -135.8% | -168.8% | -197.2% | 33.0pp | 61.4pp |
| EPS (Diluted) | $-1.10 | $-1.21 | $-0.90 | 9.1% | -22.2% |
| Free Cash Flow | -$42M | -$42M | -$19M | 0.7% | -122.2% |
| Item | Amount |
|---|---|
| REVENUE | $50M |
| Cost of Revenue | $38M |
| GROSS PROFIT | $12M |
| R&D Expenses | $0 |
| Selling & Marketing | $37M |
| General & Administrative | $22M |
| SG&A Expenses | $59M |
| Other Expenses | $18M |
| Operating Expenses | $77M |
| Cost & Expenses | $115M |
| OPERATING INCOME | -$65M |
| Interest Income | $100.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$65M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$68M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$68M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$68M |
| D&A | $2M |
| EBIT | -$65M |
| EBITDA | -$63M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$68M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $9M |
| OPERATING CASH FLOW | -$40M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$71M |
| Sales/Maturities of Investments | $81M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $9M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $400.0K |
| NET CASH FROM FINANCING | $400.0K |
| FREE CASH FLOW | -$42M |
| Net Change in Cash | -$35M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $200M |
| Short-Term Investments | $760M |
| Net Receivables | $258M |
| Inventory | $0 |
| Other Current Assets | -$1.4B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $13M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $760M |
| Tax Assets | $0 |
| Other Non-Current Assets | -$774M |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $1.5B |
| Account Payables | $22M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$52M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $42M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$64M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $612M |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$705M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$29M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $849M |
| Minority Interest | $0 |
| TOTAL EQUITY | $849M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $22M |
| Net Debt | -$178M |
