| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $32M | $35M | $35M | -8.9% | -7.4% |
| Op. Income | -$75M | -$68M | -$74M | -9.8% | -0.2% |
| Gross Margin | 41.9% | 45.7% | 44.0% | -3.7pp | -2.1pp |
| Net Margin | -238.2% | -201.3% | 47.4% | -36.9pp | -285.6pp |
| EPS (Diluted) | $-0.37 | $-0.32 | $0.08 | -15.6% | -562.5% |
| Free Cash Flow | -$67M | -$65M | -$42M | -4.1% | -61.0% |
| Item | Amount |
|---|---|
| REVENUE | $32M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $14M |
| R&D Expenses | $47M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $37M |
| Other Expenses | $4M |
| Operating Expenses | $88M |
| Cost & Expenses | $107M |
| OPERATING INCOME | -$75M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$77M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$77M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$77M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$77M |
| D&A | $4M |
| EBIT | -$73M |
| EBITDA | -$69M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$77M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $23M |
| Change in Working Capital | -$14M |
| OPERATING CASH FLOW | -$63M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$67M |
| Sales/Maturities of Investments | $125M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $54M |
| Net Debt Issuance | -$410.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$67M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $304M |
| Short-Term Investments | $530M |
| Net Receivables | $23M |
| Inventory | $43M |
| Other Current Assets | $300.0K |
| TOTAL CURRENT ASSETS | $914M |
| PP&E (Net) | $81M |
| Goodwill | $410M |
| Intangible Assets | $410M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $905M |
| TOTAL ASSETS | $1.8B |
| Account Payables | $13M |
| Short-Term Debt | $0 |
| Deferred Revenue | $31M |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $82M |
| Long-Term Debt | $897M |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $169M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $226.0K |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | -$1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $627M |
| Minority Interest | $0 |
| TOTAL EQUITY | $627M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $948M |
| Net Debt | $644M |
