| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $7M | $6M | -79.3% | -73.9% |
| Op. Income | -$56M | -$49M | -$35M | -12.8% | -57.8% |
| Gross Margin | -2555.7% | -409.0% | -412.5% | -2146.7pp | -2143.2pp |
| Net Margin | -3792.6% | -692.4% | -620.2% | -3100.2pp | -3172.4pp |
| EPS (Diluted) | $-12.29 | $-10.88 | $-7.75 | -12.9% | -58.6% |
| Free Cash Flow | -$69M | -$53M | -$31M | -29.9% | -125.0% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $40M |
| GROSS PROFIT | -$38M |
| R&D Expenses | $40M |
| Selling & Marketing | $0 |
| General & Administrative | $19M |
| SG&A Expenses | $19M |
| Other Expenses | -$41M |
| Operating Expenses | $18M |
| Cost & Expenses | $57M |
| OPERATING INCOME | -$56M |
| Interest Income | $384.0K |
| Interest Expense | $912.0K |
| Other Income/Expenses | -$873.0K |
| INCOME BEFORE TAX | -$57M |
| Income Tax Expense | $0 |
| NET INCOME | -$57M |
| D&A | $2M |
| EBIT | -$56M |
| EBITDA | -$54M |
| EPS | -$12 |
| EPS Diluted | -$12 |
| Item | Amount |
|---|---|
| Net Income | -$57M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $528.0K |
| Change in Working Capital | -$17M |
| OPERATING CASH FLOW | -$66M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$28M |
| Sales/Maturities of Investments | $44M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $13M |
| Net Debt Issuance | $26M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $27M |
| FREE CASH FLOW | -$69M |
| Net Change in Cash | -$27M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $153M |
| Short-Term Investments | $95M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $263M |
| PP&E (Net) | $45M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $57M |
| TOTAL ASSETS | $320M |
| Account Payables | $7M |
| Short-Term Debt | $0 |
| Deferred Revenue | $20M |
| Other Current Liabilities | $30M |
| TOTAL CURRENT LIABILITIES | $82M |
| Long-Term Debt | $50M |
| Deferred Revenue NC | $82M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $157M |
| TOTAL LIABILITIES | $239M |
| Common Stock | $92.0K |
| Additional Paid-In Capital | $752M |
| Retained Earnings | -$671M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$215.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $81M |
| Minority Interest | $0 |
| TOTAL EQUITY | $81M |
| TOTAL LIABILITIES & EQUITY | $320M |
| Total Debt | $78M |
| Net Debt | -$76M |
