| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | -$5M | $5M | $21M | -209.8% | -125.1% |
| Op. Income | -$41M | -$23M | -$8M | -80.0% | -405.4% |
| Gross Margin | 100.0% | 57.9% | 90.2% | 42.1pp | 9.8pp |
| Net Margin | 516.5% | -774.2% | -47.1% | 1290.7pp | 563.6pp |
| EPS (Diluted) | $-0.31 | $-1.16 | $-0.22 | 73.3% | -40.9% |
| Free Cash Flow | -$25M | -$31M | -$6M | 19.4% | -346.8% |
| Item | Amount |
|---|---|
| REVENUE | -$5M |
| Cost of Revenue | $0 |
| GROSS PROFIT | -$5M |
| R&D Expenses | $25M |
| Selling & Marketing | $0 |
| General & Administrative | $14M |
| SG&A Expenses | $14M |
| Other Expenses | -$3M |
| Operating Expenses | $36M |
| Cost & Expenses | $36M |
| OPERATING INCOME | -$41M |
| Interest Income | $432.0K |
| Interest Expense | $3M |
| Other Income/Expenses | $14M |
| INCOME BEFORE TAX | -$27M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$27M |
| D&A | $2M |
| EBIT | -$41M |
| EBITDA | -$39M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$27M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$18M |
| Change in Working Capital | $20M |
| OPERATING CASH FLOW | -$16M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $25M |
| NET CASH FROM FINANCING | $25M |
| FREE CASH FLOW | -$25M |
| Net Change in Cash | $810.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $116M |
| Short-Term Investments | $0 |
| Net Receivables | $21M |
| Inventory | $8M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $154M |
| PP&E (Net) | $154M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $6M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $164M |
| TOTAL ASSETS | $318M |
| Account Payables | $17M |
| Short-Term Debt | $0 |
| Deferred Revenue | $15M |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $82M |
| Long-Term Debt | $71M |
| Deferred Revenue NC | $27M |
| Deferred Tax Liabilities | $186.0K |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $118M |
| TOTAL LIABILITIES | $200M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $582M |
| Retained Earnings | -$470M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $118M |
| Minority Interest | $0 |
| TOTAL EQUITY | $118M |
| TOTAL LIABILITIES & EQUITY | $318M |
| Total Debt | $92M |
| Net Debt | -$23M |
