| Metric | Q3 2021 | Q2 2021 | Q3 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $35M | $31M | $19M | 14.0% | 82.8% |
| Op. Income | -$74M | -$38M | -$24M | -98.2% | -208.1% |
| Gross Margin | 44.0% | 44.9% | 37.0% | -0.9pp | 7.0pp |
| Net Margin | 47.4% | -133.9% | -124.2% | 181.4pp | 171.7pp |
| EPS (Diluted) | $0.08 | $-0.21 | $-0.14 | 138.1% | 157.1% |
| Free Cash Flow | -$42M | -$17M | -$18M | -141.7% | -127.7% |
| Item | Amount |
|---|---|
| REVENUE | $35M |
| Cost of Revenue | $20M |
| GROSS PROFIT | $15M |
| R&D Expenses | $28M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $32M |
| Other Expenses | $31M |
| Operating Expenses | $90M |
| Cost & Expenses | $109M |
| OPERATING INCOME | -$74M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$78M |
| Income Tax Expense | -$95M |
| Net Income from Continuing Ops | $17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $17M |
| D&A | $3M |
| EBIT | -$75M |
| EBITDA | -$72M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $17M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$95M |
| Other Non-Cash Items | $30M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | -$41M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | -$320M |
| Purchases of Investments | -$222M |
| Sales/Maturities of Investments | $251M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$292M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$246.0K |
| NET CASH FROM FINANCING | $300M |
| FREE CASH FLOW | -$42M |
| Net Change in Cash | -$34M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $425M |
| Short-Term Investments | $655M |
| Net Receivables | $24M |
| Inventory | $18M |
| Other Current Assets | $500.0K |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $77M |
| Goodwill | $412M |
| Intangible Assets | $411M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $904M |
| TOTAL ASSETS | $2.0B |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $10M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $56M |
| Long-Term Debt | $896M |
| Deferred Revenue NC | $18M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $173M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $221.0K |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $27.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $841M |
| Minority Interest | $0 |
| TOTAL EQUITY | $841M |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $953M |
| Net Debt | $528M |
