| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $91M | $89M | $82M | 1.5% | 11.1% |
| Op. Income | -$225M | -$142M | -$90M | -59.0% | -150.6% |
| Gross Margin | 90.5% | 90.7% | 94.9% | -0.3pp | -4.4pp |
| Net Margin | -270.2% | -177.0% | -89.4% | -93.2pp | -180.8pp |
| EPS (Diluted) | $-3.50 | $-2.26 | $-1.08 | -54.9% | -224.1% |
| Free Cash Flow | -$121M | -$108M | -$80M | -12.2% | -51.3% |
| Item | Amount |
|---|---|
| REVENUE | $91M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $82M |
| R&D Expenses | $237M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $70M |
| Other Expenses | $0 |
| Operating Expenses | $307M |
| Cost & Expenses | $316M |
| OPERATING INCOME | -$225M |
| Interest Income | $3M |
| Interest Expense | $15M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | -$239M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | -$245M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$245M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$245M |
| D&A | $5M |
| EBIT | -$224M |
| EBITDA | -$220M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$245M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $36M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $87M |
| Change in Working Capital | $22M |
| OPERATING CASH FLOW | -$95M |
| Capital Expenditure | -$26M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$211M |
| Sales/Maturities of Investments | $151M |
| Other Investing Activities | -$76M |
| NET CASH FROM INVESTING | -$162M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $492M |
| NET CASH FROM FINANCING | $492M |
| FREE CASH FLOW | -$121M |
| Net Change in Cash | $234M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $392M |
| Short-Term Investments | $497M |
| Net Receivables | $31M |
| Inventory | $22M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $263M |
| Goodwill | $44M |
| Intangible Assets | $158M |
| Long-Term Investments | $121M |
| Tax Assets | $0 |
| Other Non-Current Assets | $18M |
| TOTAL NON-CURRENT ASSETS | $606M |
| TOTAL ASSETS | $1.6B |
| Account Payables | $24M |
| Short-Term Debt | $0 |
| Deferred Revenue | $3M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $227M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $33M |
| Other Non-Current Liabilities | $866M |
| TOTAL NON-CURRENT LIABILITIES | $922M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $70.0K |
| Additional Paid-In Capital | $3.1B |
| Retained Earnings | -$2.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $469M |
| Minority Interest | $0 |
| TOTAL EQUITY | $469M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $35M |
| Net Debt | -$357M |
