| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11M | $6M | $5M | 91.0% | 110.3% |
| Op. Income | -$24M | -$29M | -$20M | 17.3% | -16.0% |
| Gross Margin | 80.6% | 62.4% | 100.0% | 18.2pp | -19.4pp |
| Net Margin | -315.8% | -551.1% | -392.6% | 235.4pp | 76.8pp |
| EPS (Diluted) | $-0.76 | $-0.75 | $-0.46 | -1.3% | -65.2% |
| Free Cash Flow | -$42M | -$21M | -$27M | -101.4% | -55.8% |
| Item | Amount |
|---|---|
| REVENUE | $11M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $9M |
| R&D Expenses | $24M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $32M |
| Cost & Expenses | $35M |
| OPERATING INCOME | -$24M |
| Interest Income | $41.0K |
| Interest Expense | $82.0K |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | -$34M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$34M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$34M |
| D&A | $2M |
| EBIT | -$34M |
| EBITDA | -$32M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$34M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $10M |
| Change in Working Capital | -$13M |
| OPERATING CASH FLOW | -$28M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$14M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$42M |
| Net Change in Cash | -$42M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $72M |
| Short-Term Investments | $0 |
| Net Receivables | $22M |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $104M |
| PP&E (Net) | $138M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $7M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $148M |
| TOTAL ASSETS | $252M |
| Account Payables | $18M |
| Short-Term Debt | $4M |
| Deferred Revenue | $21M |
| Other Current Liabilities | $24M |
| TOTAL CURRENT LIABILITIES | $68M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $21M |
| Deferred Tax Liabilities | $181.0K |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $43M |
| TOTAL LIABILITIES | $110M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $541M |
| Retained Earnings | -$406M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $142M |
| Minority Interest | $0 |
| TOTAL EQUITY | $142M |
| TOTAL LIABILITIES & EQUITY | $252M |
| Total Debt | $23M |
| Net Debt | -$49M |
