| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10M | $7M | $5M | 30.1% | 92.0% |
| Op. Income | -$43M | -$38M | -$25M | -12.6% | -74.3% |
| Gross Margin | -348.4% | -393.9% | -359.1% | 45.6pp | 10.7pp |
| Net Margin | -442.1% | -509.8% | -484.4% | 67.7pp | 42.3pp |
| EPS (Diluted) | $-0.95 | $-0.85 | $-0.63 | -11.8% | -50.8% |
| Free Cash Flow | -$46M | -$32M | $7M | -45.1% | -739.4% |
| Item | Amount |
|---|---|
| REVENUE | $10M |
| Cost of Revenue | $43M |
| GROSS PROFIT | -$34M |
| R&D Expenses | $43M |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | -$43M |
| Operating Expenses | $9M |
| Cost & Expenses | $52M |
| OPERATING INCOME | -$43M |
| Interest Income | $211.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $211.0K |
| INCOME BEFORE TAX | -$43M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$43M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$43M |
| D&A | $991.0K |
| EBIT | -$43M |
| EBITDA | -$42M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$43M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $542.0K |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | -$43M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$15M |
| Sales/Maturities of Investments | $59M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $40M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$46M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $79M |
| Short-Term Investments | $183M |
| Net Receivables | $9M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $280M |
| PP&E (Net) | $29M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $124M |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $157M |
| TOTAL ASSETS | $438M |
| Account Payables | $6M |
| Short-Term Debt | $5M |
| Deferred Revenue | $43M |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $66M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $55M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $66M |
| TOTAL LIABILITIES | $132M |
| Common Stock | $45.0K |
| Additional Paid-In Capital | $571M |
| Retained Earnings | -$263M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $306M |
| Minority Interest | $0 |
| TOTAL EQUITY | $306M |
| TOTAL LIABILITIES & EQUITY | $438M |
| Total Debt | $16M |
| Net Debt | -$63M |
