| Metric | FY 2021 | Prior Q | FY 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $76M | — | $98M | — | -22.6% |
| Op. Income | -$203M | — | -$131M | — | -54.7% |
| Gross Margin | 96.5% | — | 100.0% | — | -3.5pp |
| Net Margin | -267.2% | — | -132.7% | — | -134.5pp |
| EPS (Diluted) | $-3.18 | — | $-2.25 | — | -41.3% |
| Free Cash Flow | -$150M | — | -$118M | — | -27.4% |
| Item | Amount |
|---|---|
| REVENUE | $76M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $73M |
| R&D Expenses | $215M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $63M |
| Other Expenses | -$2M |
| Operating Expenses | $276M |
| Cost & Expenses | $278M |
| OPERATING INCOME | -$203M |
| Interest Income | $680.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $680.0K |
| INCOME BEFORE TAX | -$202M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$202M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$202M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$202M |
| D&A | $11M |
| EBIT | -$202M |
| EBITDA | -$191M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$202M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $23M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $6M |
| Change in Working Capital | $18M |
| OPERATING CASH FLOW | -$144M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$231M |
| Sales/Maturities of Investments | $201M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$37M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | $123M |
| FREE CASH FLOW | -$150M |
| Net Change in Cash | -$58M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $123M |
| Short-Term Investments | $120M |
| Net Receivables | $10M |
| Inventory | $4M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $280M |
| PP&E (Net) | $54M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $56M |
| TOTAL ASSETS | $335M |
| Account Payables | $16M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $21M |
| TOTAL CURRENT LIABILITIES | $75M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $258.0K |
| TOTAL NON-CURRENT LIABILITIES | $21M |
| TOTAL LIABILITIES | $96M |
| Common Stock | $613.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$974M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$61.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $240M |
| Minority Interest | $0 |
| TOTAL EQUITY | $240M |
| TOTAL LIABILITIES & EQUITY | $335M |
| Total Debt | $25M |
| Net Debt | -$98M |
