| Metric | Q3 2021 | Q2 2021 | Q3 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $25M | $28M | $30M | -12.0% | -17.0% |
| Op. Income | -$114M | -$110M | -$103M | -3.1% | -10.2% |
| Gross Margin | 78.7% | 72.9% | 81.5% | 5.8pp | -2.8pp |
| Net Margin | -520.5% | -443.1% | -361.6% | -77.4pp | -158.9pp |
| EPS (Diluted) | $-10.50 | $-10.35 | $-9.15 | -1.4% | -14.8% |
| Free Cash Flow | -$104M | -$86M | -$55M | -20.8% | -90.7% |
| Item | Amount |
|---|---|
| REVENUE | $25M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $20M |
| R&D Expenses | $104M |
| Selling & Marketing | $0 |
| General & Administrative | $29M |
| SG&A Expenses | $29M |
| Other Expenses | $0 |
| Operating Expenses | $133M |
| Cost & Expenses | $139M |
| OPERATING INCOME | -$114M |
| Interest Income | $131.0K |
| Interest Expense | $13M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | -$130M |
| Income Tax Expense | $112.0K |
| Net Income from Continuing Ops | -$130M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$130M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$130M |
| D&A | $4M |
| EBIT | -$117M |
| EBITDA | -$113M |
| EPS | -$11 |
| EPS Diluted | -$11 |
| Item | Amount |
|---|---|
| Net Income | -$130M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $29M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$101M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$288M |
| Sales/Maturities of Investments | $290M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$830.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $750.0K |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$104M |
| Net Change in Cash | $40M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $54M |
| Short-Term Investments | $867M |
| Net Receivables | $29M |
| Inventory | $15M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $986M |
| PP&E (Net) | $179M |
| Goodwill | $77M |
| Intangible Assets | $0 |
| Long-Term Investments | $34M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $291M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $24M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $33M |
| TOTAL CURRENT LIABILITIES | $140M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $207M |
| TOTAL NON-CURRENT LIABILITIES | $336M |
| TOTAL LIABILITIES | $476M |
| Common Stock | $18.0K |
| Additional Paid-In Capital | $3.5B |
| Retained Earnings | -$2.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $802M |
| Minority Interest | $0 |
| TOTAL EQUITY | $802M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $146M |
| Net Debt | $92M |
