| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $80M | $83M | $99M | -4.1% | -19.6% |
| Op. Income | -$137M | -$103M | -$107M | -33.2% | -28.2% |
| Gross Margin | 92.4% | 95.8% | 94.8% | -3.4pp | -2.4pp |
| Net Margin | -190.6% | -146.9% | -137.0% | -43.7pp | -53.6pp |
| EPS (Diluted) | $-2.19 | $-1.79 | $-2.03 | -22.3% | -7.9% |
| Free Cash Flow | -$180M | -$70M | -$176M | -155.3% | -2.2% |
| Item | Amount |
|---|---|
| REVENUE | $80M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $74M |
| R&D Expenses | $143M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $67M |
| Other Expenses | $0 |
| Operating Expenses | $210M |
| Cost & Expenses | $217M |
| OPERATING INCOME | -$137M |
| Interest Income | $494.0K |
| Interest Expense | $7M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | -$152M |
| Income Tax Expense | $558.0K |
| Net Income from Continuing Ops | -$152M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$152M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$152M |
| D&A | $4M |
| EBIT | -$145M |
| EBITDA | -$141M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$152M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $29M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $13M |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | -$118M |
| Capital Expenditure | -$62M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$206M |
| Sales/Maturities of Investments | $228M |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$37M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$143.0K |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$180M |
| Net Change in Cash | -$153M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $154M |
| Short-Term Investments | $444M |
| Net Receivables | $28M |
| Inventory | $18M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $708M |
| PP&E (Net) | $210M |
| Goodwill | $44M |
| Intangible Assets | $160M |
| Long-Term Investments | $241M |
| Tax Assets | $0 |
| Other Non-Current Assets | $21M |
| TOTAL NON-CURRENT ASSETS | $677M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $24M |
| Short-Term Debt | $0 |
| Deferred Revenue | $6M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $167M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $33M |
| Other Non-Current Liabilities | $359M |
| TOTAL NON-CURRENT LIABILITIES | $420M |
| TOTAL LIABILITIES | $588M |
| Common Stock | $70.0K |
| Additional Paid-In Capital | $3.0B |
| Retained Earnings | -$2.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $796M |
| Minority Interest | $0 |
| TOTAL EQUITY | $796M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $39M |
| Net Debt | -$115M |
