| Metric | Q3 2021 | Q2 2021 | Q3 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $82M | $87M | $81M | -6.1% | 0.2% |
| Op. Income | -$90M | -$83M | -$50M | -8.5% | -78.5% |
| Gross Margin | 94.9% | 96.4% | 97.1% | -1.5pp | -2.2pp |
| Net Margin | -89.4% | -140.8% | -84.5% | 51.4pp | -4.9pp |
| EPS (Diluted) | $-1.08 | $-1.81 | $-1.13 | 40.3% | 4.4% |
| Free Cash Flow | -$80M | -$85M | -$68M | 6.1% | -17.9% |
| Item | Amount |
|---|---|
| REVENUE | $82M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $77M |
| R&D Expenses | $113M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $54M |
| Other Expenses | $0 |
| Operating Expenses | $167M |
| Cost & Expenses | $171M |
| OPERATING INCOME | -$90M |
| Interest Income | $408.0K |
| Interest Expense | $9M |
| Other Income/Expenses | $17M |
| INCOME BEFORE TAX | -$73M |
| Income Tax Expense | $182.0K |
| Net Income from Continuing Ops | -$73M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$73M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$73M |
| D&A | $3M |
| EBIT | -$64M |
| EBITDA | -$61M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$73M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $27M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$20M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$60M |
| Capital Expenditure | -$21M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$253M |
| Sales/Maturities of Investments | $233M |
| Other Investing Activities | -$487.0K |
| NET CASH FROM INVESTING | -$41M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $8M |
| NET CASH FROM FINANCING | $8M |
| FREE CASH FLOW | -$80M |
| Net Change in Cash | -$93M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $198M |
| Short-Term Investments | $540M |
| Net Receivables | $25M |
| Inventory | $15M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $847M |
| PP&E (Net) | $156M |
| Goodwill | $44M |
| Intangible Assets | $131M |
| Long-Term Investments | $290M |
| Tax Assets | $0 |
| Other Non-Current Assets | $16M |
| TOTAL NON-CURRENT ASSETS | $638M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $16M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $136M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $33M |
| Other Non-Current Liabilities | $349M |
| TOTAL NON-CURRENT LIABILITIES | $415M |
| TOTAL LIABILITIES | $551M |
| Common Stock | $68.0K |
| Additional Paid-In Capital | $2.9B |
| Retained Earnings | -$2.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $54.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $934M |
| Minority Interest | $0 |
| TOTAL EQUITY | $934M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $44M |
| Net Debt | -$153M |
