| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $22M | $18M | $14M | 22.2% | 57.1% |
| Op. Income | -$10M | -$16M | -$21M | 38.0% | 51.4% |
| Gross Margin | 2.0% | 13.5% | -86.3% | -11.5pp | 88.3pp |
| Net Margin | -4.3% | -104.4% | -177.6% | 100.2pp | 173.3pp |
| EPS (Diluted) | $-0.01 | $-0.26 | $-0.50 | 95.4% | 97.6% |
| Free Cash Flow | -$12M | -$10M | -$1M | -22.1% | -960.3% |
| Item | Amount |
|---|---|
| REVENUE | $22M |
| Cost of Revenue | $22M |
| GROSS PROFIT | $445.8K |
| R&D Expenses | $741.7K |
| Selling & Marketing | $3M |
| General & Administrative | $6M |
| SG&A Expenses | $9M |
| Other Expenses | $595.6K |
| Operating Expenses | $10M |
| Cost & Expenses | $32M |
| OPERATING INCOME | -$10M |
| Interest Income | $0 |
| Interest Expense | $60.7K |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | -$953.7K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$953.7K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$953.7K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$953.7K |
| D&A | $4M |
| EBIT | -$893.0K |
| EBITDA | $4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$953.7K |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $496.9K |
| Deferred Income Tax | -$9M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $44M |
| Other Investing Activities | $502.0K |
| NET CASH FROM INVESTING | $39M |
| Net Debt Issuance | -$201.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3.7K |
| NET CASH FROM FINANCING | -$197.3K |
| FREE CASH FLOW | -$12M |
| Net Change in Cash | $32M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $73M |
| Short-Term Investments | $50M |
| Net Receivables | $19M |
| Inventory | $34M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $181M |
| PP&E (Net) | $175M |
| Goodwill | $10M |
| Intangible Assets | $2M |
| Long-Term Investments | $4M |
| Tax Assets | $4M |
| Other Non-Current Assets | $22M |
| TOTAL NON-CURRENT ASSETS | $218M |
| TOTAL ASSETS | $399M |
| Account Payables | $20M |
| Short-Term Debt | $58.5K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $22M |
| Long-Term Debt | $154.2K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $22M |
| TOTAL NON-CURRENT LIABILITIES | $24M |
| TOTAL LIABILITIES | $46M |
| Common Stock | $537M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$202M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $18M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $353M |
| Minority Interest | $0 |
| TOTAL EQUITY | $353M |
| TOTAL LIABILITIES & EQUITY | $399M |
| Total Debt | $2M |
| Net Debt | -$71M |
