| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | $4M | $3M | 49.6% | 60.5% |
| Op. Income | -$22M | -$22M | -$32M | -1.3% | 31.8% |
| Gross Margin | -144.8% | -273.5% | -234.8% | 128.7pp | 90.0pp |
| Net Margin | -349.2% | -679.5% | -504.2% | 330.3pp | 155.0pp |
| EPS (Diluted) | $-0.10 | $-0.13 | $-0.09 | 25.8% | -7.7% |
| Free Cash Flow | -$20M | -$17M | -$17M | -17.3% | -17.0% |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $13M |
| GROSS PROFIT | -$8M |
| R&D Expenses | $12M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $2M |
| Operating Expenses | $14M |
| Cost & Expenses | $28M |
| OPERATING INCOME | -$22M |
| Interest Income | $38.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$24M |
| Income Tax Expense | -$58.0K |
| Net Income from Continuing Ops | -$24M |
| Net Income from Discontinued Ops | $5M |
| Other Adjustments | $0 |
| NET INCOME | -$19M |
| Net Income Deductions | $1 |
| BOTTOM LINE NET INCOME | -$24M |
| D&A | $2M |
| EBIT | -$22M |
| EBITDA | -$20M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$19M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$58.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | -$19M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $18M |
| Other Investing Activities | $147.0K |
| NET CASH FROM INVESTING | $17M |
| Net Debt Issuance | -$164.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1.0K |
| NET CASH FROM FINANCING | -$163.0K |
| FREE CASH FLOW | -$20M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $40M |
| Short-Term Investments | $72M |
| Net Receivables | $25M |
| Inventory | $13M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $155M |
| PP&E (Net) | $44M |
| Goodwill | $54M |
| Intangible Assets | $51M |
| Long-Term Investments | $30M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $181M |
| TOTAL ASSETS | $336M |
| Account Payables | $4M |
| Short-Term Debt | $2M |
| Deferred Revenue | $3M |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $26M |
| Long-Term Debt | $211M |
| Deferred Revenue NC | $23M |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | -$9M |
| TOTAL NON-CURRENT LIABILITIES | $236M |
| TOTAL LIABILITIES | $262M |
| Common Stock | $0 |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | -$1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $74M |
| Minority Interest | $0 |
| TOTAL EQUITY | $74M |
| TOTAL LIABILITIES & EQUITY | $336M |
| Total Debt | $224M |
| Net Debt | $183M |
