| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11M | $11M | $10M | -5.6% | 5.3% |
| Op. Income | -$47M | -$46M | -$29M | -2.2% | -61.1% |
| Gross Margin | -342.6% | -315.4% | -201.5% | -27.2pp | -141.1pp |
| Net Margin | -423.6% | -397.1% | -281.3% | -26.4pp | -142.3pp |
| EPS (Diluted) | $-0.88 | $-1.00 | $-0.65 | 12.0% | -35.4% |
| Free Cash Flow | -$50M | -$36M | -$32M | -39.3% | -56.2% |
| Item | Amount |
|---|---|
| REVENUE | $11M |
| Cost of Revenue | $48M |
| GROSS PROFIT | -$37M |
| R&D Expenses | $48M |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | -$48M |
| Operating Expenses | $10M |
| Cost & Expenses | $58M |
| OPERATING INCOME | -$47M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$46M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$46M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$46M |
| D&A | $1M |
| EBIT | -$47M |
| EBITDA | -$45M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$46M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $83.0K |
| Change in Working Capital | -$11M |
| OPERATING CASH FLOW | -$46M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $60M |
| Purchases of Investments | -$132M |
| Sales/Maturities of Investments | $73M |
| Other Investing Activities | -$60M |
| NET CASH FROM INVESTING | -$63M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $96M |
| NET CASH FROM FINANCING | $115M |
| FREE CASH FLOW | -$50M |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $48M |
| Short-Term Investments | $297M |
| Net Receivables | $0 |
| Inventory | -$1M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $355M |
| PP&E (Net) | $30M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $69M |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $104M |
| TOTAL ASSETS | $459M |
| Account Payables | $6M |
| Short-Term Debt | $5M |
| Deferred Revenue | $36M |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $68M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $42M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $49M |
| TOTAL LIABILITIES | $117M |
| Common Stock | $47.0K |
| Additional Paid-In Capital | $701M |
| Retained Earnings | -$355M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $343M |
| Minority Interest | $0 |
| TOTAL EQUITY | $343M |
| TOTAL LIABILITIES & EQUITY | $459M |
| Total Debt | $13M |
| Net Debt | -$34M |
