| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $27M | $32M | $36M | -15.3% | -24.1% |
| Op. Income | -$87M | -$75M | -$65M | -16.7% | -34.6% |
| Gross Margin | 18.8% | 41.9% | 46.5% | -23.1pp | -27.8pp |
| Net Margin | -308.5% | -238.2% | -192.5% | -70.3pp | -116.0pp |
| EPS (Diluted) | $-0.35 | $-0.37 | $-0.31 | 5.4% | -12.9% |
| Free Cash Flow | -$66M | -$67M | -$35M | 2.4% | -90.0% |
| Item | Amount |
|---|---|
| REVENUE | $27M |
| Cost of Revenue | $22M |
| GROSS PROFIT | $5M |
| R&D Expenses | $43M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $45M |
| Other Expenses | $5M |
| Operating Expenses | $92M |
| Cost & Expenses | $114M |
| OPERATING INCOME | -$87M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$84M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$84M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$84M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$84M |
| D&A | $5M |
| EBIT | -$80M |
| EBITDA | -$76M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$84M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $10M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | -$61M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$135M |
| Sales/Maturities of Investments | $220M |
| Other Investing Activities | -$179.0K |
| NET CASH FROM INVESTING | $80M |
| Net Debt Issuance | -$428.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $819.0K |
| FREE CASH FLOW | -$66M |
| Net Change in Cash | $21M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $325M |
| Short-Term Investments | $447M |
| Net Receivables | $19M |
| Inventory | $50M |
| Other Current Assets | $300.0K |
| TOTAL CURRENT ASSETS | $852M |
| PP&E (Net) | $81M |
| Goodwill | $410M |
| Intangible Assets | $410M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $13M |
| TOTAL NON-CURRENT ASSETS | $915M |
| TOTAL ASSETS | $1.8B |
| Account Payables | $12M |
| Short-Term Debt | $2M |
| Deferred Revenue | $30M |
| Other Current Liabilities | $177M |
| TOTAL CURRENT LIABILITIES | $263M |
| Long-Term Debt | $897M |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $941M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $227.0K |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | -$1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $563M |
| Minority Interest | $0 |
| TOTAL EQUITY | $563M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $948M |
| Net Debt | $623M |
