| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $2M | $0 | 21.7% | — |
| Op. Income | -$22M | -$22M | -$14M | -1.1% | -64.1% |
| Gross Margin | -79.8% | -106.1% | — | 26.4pp | — |
| Net Margin | -891.5% | -1198.3% | — | 306.8pp | — |
| EPS (Diluted) | $-0.38 | $-0.42 | $-0.28 | 9.5% | -35.7% |
| Free Cash Flow | -$13M | -$15M | -$14M | 17.1% | 9.9% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $4M |
| GROSS PROFIT | -$2M |
| R&D Expenses | $6M |
| Selling & Marketing | $1M |
| General & Administrative | $11M |
| SG&A Expenses | $12M |
| Other Expenses | $0 |
| Operating Expenses | $19M |
| Cost & Expenses | $23M |
| OPERATING INCOME | -$22M |
| Interest Income | $471.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $471.0K |
| INCOME BEFORE TAX | -$22M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$20M |
| D&A | $3M |
| EBIT | -$22M |
| EBITDA | -$19M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$20M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $14M |
| Change in Working Capital | -$11M |
| OPERATING CASH FLOW | -$11M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $10M |
| Other Investing Activities | -$9M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $9M |
| NET CASH FROM FINANCING | $9M |
| FREE CASH FLOW | -$13M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $52M |
| Short-Term Investments | $35M |
| Net Receivables | $1M |
| Inventory | $804.0K |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $90M |
| PP&E (Net) | $44M |
| Goodwill | $44M |
| Intangible Assets | $97M |
| Long-Term Investments | $40M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $228M |
| TOTAL ASSETS | $318M |
| Account Payables | $2M |
| Short-Term Debt | $145.0K |
| Deferred Revenue | $298.0K |
| Other Current Liabilities | $35M |
| TOTAL CURRENT LIABILITIES | $41M |
| Long-Term Debt | $3M |
| Deferred Revenue NC | $350.0K |
| Deferred Tax Liabilities | $5M |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $15M |
| TOTAL LIABILITIES | $55M |
| Common Stock | $150.0K |
| Additional Paid-In Capital | $452M |
| Retained Earnings | -$187M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $262M |
| Minority Interest | $0 |
| TOTAL EQUITY | $262M |
| TOTAL LIABILITIES & EQUITY | $318M |
| Total Debt | $5M |
| Net Debt | -$47M |
