| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $89M | $80M | $87M | 11.8% | 2.7% |
| Op. Income | -$142M | -$137M | -$83M | -3.6% | -71.1% |
| Gross Margin | 90.7% | 92.4% | 96.4% | -1.6pp | -5.7pp |
| Net Margin | -177.0% | -190.6% | -140.8% | 13.5pp | -36.3pp |
| EPS (Diluted) | $-2.26 | $-2.19 | $-1.81 | -3.2% | -24.9% |
| Free Cash Flow | -$108M | -$180M | -$85M | 39.8% | -26.6% |
| Item | Amount |
|---|---|
| REVENUE | $89M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $81M |
| R&D Expenses | $155M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $68M |
| Other Expenses | $0 |
| Operating Expenses | $223M |
| Cost & Expenses | $231M |
| OPERATING INCOME | -$142M |
| Interest Income | $899.0K |
| Interest Expense | $6M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | -$158M |
| Income Tax Expense | $302.0K |
| Net Income from Continuing Ops | -$158M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$158M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$158M |
| D&A | $4M |
| EBIT | -$152M |
| EBITDA | -$147M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$158M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $36M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $13M |
| Change in Working Capital | $28M |
| OPERATING CASH FLOW | -$77M |
| Capital Expenditure | -$31M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $112M |
| Other Investing Activities | -$183.0K |
| NET CASH FROM INVESTING | $79M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $6M |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | -$108M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $160M |
| Short-Term Investments | $383M |
| Net Receivables | $37M |
| Inventory | $21M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $679M |
| PP&E (Net) | $239M |
| Goodwill | $44M |
| Intangible Assets | $159M |
| Long-Term Investments | $179M |
| Tax Assets | $0 |
| Other Non-Current Assets | $21M |
| TOTAL NON-CURRENT ASSETS | $642M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $34M |
| Short-Term Debt | $0 |
| Deferred Revenue | $4M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $221M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $33M |
| Other Non-Current Liabilities | $363M |
| TOTAL NON-CURRENT LIABILITIES | $422M |
| TOTAL LIABILITIES | $643M |
| Common Stock | $70.0K |
| Additional Paid-In Capital | $3.1B |
| Retained Earnings | -$2.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $678M |
| Minority Interest | $0 |
| TOTAL EQUITY | $678M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $38M |
| Net Debt | -$122M |
