| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $1M | $127M | 183.2% | -97.3% |
| Op. Income | -$59M | -$63M | $68M | 6.7% | -186.4% |
| Gross Margin | 100.0% | -3513.1% | 68.5% | 3613.1pp | 31.5pp |
| Net Margin | -1742.2% | -5323.6% | 53.8% | 3581.4pp | -1796.0pp |
| EPS (Diluted) | $-9.79 | $-14.03 | $14.37 | 30.2% | -168.2% |
| Free Cash Flow | -$61M | -$52M | $124M | -16.8% | -149.2% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $3M |
| R&D Expenses | $43M |
| Selling & Marketing | $0 |
| General & Administrative | $18M |
| SG&A Expenses | $18M |
| Other Expenses | $1M |
| Operating Expenses | $63M |
| Cost & Expenses | $63M |
| OPERATING INCOME | -$59M |
| Interest Income | $865.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$895.0K |
| INCOME BEFORE TAX | -$60M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$60M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$60M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$60M |
| D&A | $2M |
| EBIT | -$58M |
| EBITDA | -$57M |
| EPS | -$10 |
| EPS Diluted | -$10 |
| Item | Amount |
|---|---|
| Net Income | -$60M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | -$60M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $41M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $40M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $98M |
| FREE CASH FLOW | -$61M |
| Net Change in Cash | $79M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $205M |
| Short-Term Investments | $28M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $248M |
| PP&E (Net) | $43M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $21M |
| TOTAL NON-CURRENT ASSETS | $64M |
| TOTAL ASSETS | $312M |
| Account Payables | $10M |
| Short-Term Debt | $0 |
| Deferred Revenue | $5M |
| Other Current Liabilities | $34M |
| TOTAL CURRENT LIABILITIES | $82M |
| Long-Term Debt | $51M |
| Deferred Revenue NC | $93M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $961.0K |
| TOTAL NON-CURRENT LIABILITIES | $162M |
| TOTAL LIABILITIES | $244M |
| Common Stock | $124.0K |
| Additional Paid-In Capital | $863M |
| Retained Earnings | -$796M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$118.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $68M |
| Minority Interest | $0 |
| TOTAL EQUITY | $68M |
| TOTAL LIABILITIES & EQUITY | $312M |
| Total Debt | $76M |
| Net Debt | -$129M |
