| Metric | Q4 2021 | Q3 2021 | Q4 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $41M | $36M | $21M | 14.8% | 98.1% |
| Op. Income | -$68M | -$64M | -$33M | -6.5% | -106.0% |
| Gross Margin | 43.4% | 33.3% | 37.7% | 10.1pp | 5.7pp |
| Net Margin | -171.5% | -186.0% | -163.8% | 14.5pp | -7.7pp |
| EPS (Diluted) | $-1.14 | $-1.08 | $-0.60 | -5.6% | -90.5% |
| Free Cash Flow | -$52M | -$41M | -$22M | -26.9% | -135.9% |
| Item | Amount |
|---|---|
| REVENUE | $41M |
| Cost of Revenue | $23M |
| GROSS PROFIT | $18M |
| R&D Expenses | $0 |
| Selling & Marketing | $37M |
| General & Administrative | $23M |
| SG&A Expenses | $60M |
| Other Expenses | $26M |
| Operating Expenses | $86M |
| Cost & Expenses | $109M |
| OPERATING INCOME | -$68M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$68M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$70M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$70M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$70M |
| D&A | $1M |
| EBIT | -$68M |
| EBITDA | -$67M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$70M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$300.0K |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | -$50M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$35M |
| Sales/Maturities of Investments | $40M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $2M |
| 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 | -$52M |
| Net Change in Cash | -$49M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $271M |
| Short-Term Investments | $802M |
| Net Receivables | $231M |
| Inventory | $0 |
| Other Current Assets | -$1.5B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $34M |
| Goodwill | $0 |
| Intangible Assets | $600.0K |
| Long-Term Investments | $802M |
| Tax Assets | $0 |
| Other Non-Current Assets | -$836M |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $1.5B |
| Account Payables | $20M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$47M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $37M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$59M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $522M |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$562M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $988M |
| Minority Interest | $0 |
| TOTAL EQUITY | $988M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $22M |
| Net Debt | -$248M |
