| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $26M | $11M | $31M | 143.7% | -15.4% |
| Op. Income | -$42M | -$67M | -$40M | 37.3% | -3.8% |
| Gross Margin | 90.8% | 99.6% | -81.4% | -8.8pp | 172.2pp |
| Net Margin | -158.8% | -620.7% | -129.8% | 461.9pp | -29.0pp |
| EPS (Diluted) | $-0.67 | $-1.08 | $-0.66 | 38.0% | -1.5% |
| Free Cash Flow | -$50M | -$59M | -$48M | 15.1% | -5.1% |
| Item | Amount |
|---|---|
| REVENUE | $26M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $24M |
| R&D Expenses | $52M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $14M |
| Other Expenses | $0 |
| Operating Expenses | $65M |
| Cost & Expenses | $68M |
| OPERATING INCOME | -$42M |
| Interest Income | $504.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $504.0K |
| INCOME BEFORE TAX | -$41M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$41M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$41M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$41M |
| D&A | $3M |
| EBIT | -$41M |
| EBITDA | -$38M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$41M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$17M |
| OPERATING CASH FLOW | -$49M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$21M |
| Sales/Maturities of Investments | $45M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $23M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $263.0K |
| NET CASH FROM FINANCING | $263.0K |
| FREE CASH FLOW | -$50M |
| Net Change in Cash | -$26M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $21M |
| Short-Term Investments | $112M |
| Net Receivables | $18M |
| Inventory | $3M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $168M |
| PP&E (Net) | $34M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $16M |
| TOTAL NON-CURRENT ASSETS | $50M |
| TOTAL ASSETS | $218M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $12M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $51M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $258.0K |
| TOTAL NON-CURRENT LIABILITIES | $25M |
| TOTAL LIABILITIES | $76M |
| Common Stock | $615.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$326.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $142M |
| Minority Interest | $0 |
| TOTAL EQUITY | $142M |
| TOTAL LIABILITIES & EQUITY | $218M |
| Total Debt | $23M |
| Net Debt | $2M |
