| Metric | Q4 2021 | Q3 2021 | Q4 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $25M | $25M | $23M | 0.4% | 6.6% |
| Op. Income | -$113M | -$114M | -$111M | 0.6% | -2.0% |
| Gross Margin | 75.4% | 78.7% | 81.6% | -3.3pp | -6.2pp |
| Net Margin | -582.4% | -520.5% | -499.5% | -61.9pp | -82.8pp |
| EPS (Diluted) | $-11.85 | $-10.50 | $-9.75 | -12.9% | -21.5% |
| Free Cash Flow | -$157M | -$104M | -$100M | -51.3% | -56.8% |
| Item | Amount |
|---|---|
| REVENUE | $25M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $19M |
| R&D Expenses | $100M |
| Selling & Marketing | $0 |
| General & Administrative | $32M |
| SG&A Expenses | $32M |
| Other Expenses | $0 |
| Operating Expenses | $132M |
| Cost & Expenses | $138M |
| OPERATING INCOME | -$113M |
| Interest Income | $181.0K |
| Interest Expense | $8M |
| Other Income/Expenses | -$33M |
| INCOME BEFORE TAX | -$146M |
| Income Tax Expense | -$4.0K |
| Net Income from Continuing Ops | -$146M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$146M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$146M |
| D&A | $2M |
| EBIT | -$138M |
| EBITDA | -$135M |
| EPS | -$12 |
| EPS Diluted | -$12 |
| Item | Amount |
|---|---|
| Net Income | -$146M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $44M |
| Change in Working Capital | -$52M |
| OPERATING CASH FLOW | -$152M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$145M |
| Sales/Maturities of Investments | $271M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $120M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $750.0K |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$157M |
| Net Change in Cash | -$40M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $25M |
| Short-Term Investments | $709M |
| Net Receivables | $22M |
| Inventory | $16M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $796M |
| PP&E (Net) | $178M |
| Goodwill | $77M |
| Intangible Assets | $0 |
| Long-Term Investments | $65M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $322M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $10M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $85M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $227M |
| TOTAL NON-CURRENT LIABILITIES | $352M |
| TOTAL LIABILITIES | $438M |
| Common Stock | $19.0K |
| Additional Paid-In Capital | $3.5B |
| Retained Earnings | -$2.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $680M |
| Minority Interest | $0 |
| TOTAL EQUITY | $680M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $143M |
| Net Debt | $118M |
