| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11M | $14M | $17M | -24.6% | -36.8% |
| Op. Income | -$67M | -$58M | -$51M | -14.4% | -29.9% |
| Gross Margin | 99.6% | -301.5% | -214.8% | 401.0pp | 314.3pp |
| Net Margin | -620.7% | -410.1% | -303.7% | -210.6pp | -317.0pp |
| EPS (Diluted) | $-1.08 | $-0.95 | $-0.90 | -13.7% | -20.0% |
| Free Cash Flow | -$59M | -$56M | -$30M | -6.2% | -99.3% |
| Item | Amount |
|---|---|
| REVENUE | $11M |
| Cost of Revenue | $48.0K |
| GROSS PROFIT | $11M |
| R&D Expenses | $61M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $16M |
| Other Expenses | -$428.0K |
| Operating Expenses | $77M |
| Cost & Expenses | $77M |
| OPERATING INCOME | -$67M |
| Interest Income | $195.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $195.0K |
| INCOME BEFORE TAX | -$66M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$66M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$66M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$66M |
| D&A | $3M |
| EBIT | -$66M |
| EBITDA | -$64M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$66M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $334.0K |
| Change in Working Capital | $226.0K |
| OPERATING CASH FLOW | -$58M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$54M |
| Sales/Maturities of Investments | $37M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$18M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $37.0K |
| FREE CASH FLOW | -$59M |
| Net Change in Cash | -$76M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $47M |
| Short-Term Investments | $137M |
| Net Receivables | $15M |
| Inventory | $5M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $218M |
| PP&E (Net) | $36M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $17M |
| TOTAL NON-CURRENT ASSETS | $53M |
| TOTAL ASSETS | $271M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $26M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $67M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $258.0K |
| TOTAL NON-CURRENT LIABILITIES | $26M |
| TOTAL LIABILITIES | $93M |
| Common Stock | $613.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$283.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $178M |
| Minority Interest | $0 |
| TOTAL EQUITY | $178M |
| TOTAL LIABILITIES & EQUITY | $271M |
| Total Debt | $24M |
| Net Debt | -$23M |
