| Metric | Q4 2021 | Q3 2021 | Q4 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $36M | $35M | $27M | 3.2% | 32.7% |
| Op. Income | -$65M | -$74M | -$24M | 13.2% | -169.7% |
| Gross Margin | 46.5% | 44.0% | 42.0% | 2.5pp | 4.5pp |
| Net Margin | -192.5% | 47.4% | 276.1% | -239.9pp | -468.6pp |
| EPS (Diluted) | $-0.31 | $0.08 | $0.37 | -487.5% | -183.8% |
| Free Cash Flow | -$35M | -$42M | -$14M | 17.3% | -141.1% |
| Item | Amount |
|---|---|
| REVENUE | $36M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $17M |
| R&D Expenses | $43M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $37M |
| Other Expenses | $2M |
| Operating Expenses | $81M |
| Cost & Expenses | $101M |
| OPERATING INCOME | -$65M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$68M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$69M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$69M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$69M |
| D&A | $4M |
| EBIT | -$65M |
| EBITDA | -$61M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$69M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $11M |
| OPERATING CASH FLOW | -$32M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$131M |
| Sales/Maturities of Investments | $199M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $66M |
| Net Debt Issuance | -$361.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$35M |
| Net Change in Cash | $35M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $461M |
| Short-Term Investments | $584M |
| Net Receivables | $24M |
| Inventory | $25M |
| Other Current Assets | $500.0K |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $79M |
| Goodwill | $410M |
| Intangible Assets | $411M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $906M |
| TOTAL ASSETS | $2.0B |
| Account Payables | $11M |
| Short-Term Debt | $2M |
| Deferred Revenue | $11M |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $72M |
| Long-Term Debt | $896M |
| Deferred Revenue NC | $25M |
| 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 | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $791M |
| Minority Interest | $0 |
| TOTAL EQUITY | $791M |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $955M |
| Net Debt | $495M |
