| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | $11M | $7M | -55.2% | -30.7% |
| Op. Income | -$23M | -$24M | -$23M | 4.0% | -1.1% |
| Gross Margin | 57.9% | 80.6% | 100.0% | -22.7pp | -42.1pp |
| Net Margin | -774.2% | -315.8% | -373.5% | -458.4pp | -400.7pp |
| EPS (Diluted) | $-1.16 | $-0.76 | $-0.59 | -52.6% | -96.6% |
| Free Cash Flow | -$31M | -$42M | -$29M | 26.5% | -5.7% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $3M |
| R&D Expenses | $17M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $26M |
| Cost & Expenses | $28M |
| OPERATING INCOME | -$23M |
| Interest Income | $288.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | -$37M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$37M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$37M |
| D&A | $2M |
| EBIT | -$35M |
| EBITDA | -$33M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$37M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $13M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | -$21M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | $73M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $73M |
| FREE CASH FLOW | -$31M |
| Net Change in Cash | $43M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $115M |
| Short-Term Investments | $0 |
| Net Receivables | $29M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $155M |
| PP&E (Net) | $136M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $7M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $146M |
| TOTAL ASSETS | $301M |
| Account Payables | $22M |
| Short-Term Debt | $4M |
| Deferred Revenue | $19M |
| Other Current Liabilities | $27M |
| TOTAL CURRENT LIABILITIES | $72M |
| Long-Term Debt | $71M |
| Deferred Revenue NC | $15M |
| Deferred Tax Liabilities | $171.0K |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $106M |
| TOTAL LIABILITIES | $179M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $550M |
| Retained Earnings | -$443M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $123M |
| Minority Interest | $0 |
| TOTAL EQUITY | $123M |
| TOTAL LIABILITIES & EQUITY | $301M |
| Total Debt | $92M |
| Net Debt | -$23M |
