| Metric | Q4 2021 | Q3 2021 | Q4 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $83M | $82M | $92M | 2.1% | -8.9% |
| Op. Income | -$103M | -$90M | -$96M | -14.2% | -6.7% |
| Gross Margin | 95.8% | 94.9% | 94.0% | 0.9pp | 1.8pp |
| Net Margin | -146.9% | -89.4% | -26.2% | -57.4pp | -120.6pp |
| EPS (Diluted) | $-1.79 | $-1.08 | $-0.37 | -65.7% | -383.8% |
| Free Cash Flow | -$70M | -$80M | -$82M | 12.2% | 14.3% |
| Item | Amount |
|---|---|
| REVENUE | $83M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $80M |
| R&D Expenses | $123M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $59M |
| Other Expenses | $0 |
| Operating Expenses | $182M |
| Cost & Expenses | $186M |
| OPERATING INCOME | -$103M |
| Interest Income | $440.0K |
| Interest Expense | $4M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | -$122M |
| Income Tax Expense | $20.0K |
| Net Income from Continuing Ops | -$122M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$122M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$122M |
| D&A | $4M |
| EBIT | -$119M |
| EBITDA | -$115M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$122M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $27M |
| Deferred Income Tax | $18M |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $21M |
| OPERATING CASH FLOW | -$54M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $80M |
| Purchases of Investments | -$95M |
| Sales/Maturities of Investments | $180M |
| Other Investing Activities | -$80M |
| NET CASH FROM INVESTING | $69M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $7M |
| NET CASH FROM FINANCING | $86M |
| FREE CASH FLOW | -$70M |
| Net Change in Cash | $100M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $308M |
| Short-Term Investments | $433M |
| Net Receivables | $28M |
| Inventory | $16M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $857M |
| PP&E (Net) | $176M |
| Goodwill | $44M |
| Intangible Assets | $131M |
| Long-Term Investments | $294M |
| Tax Assets | $0 |
| Other Non-Current Assets | $21M |
| TOTAL NON-CURRENT ASSETS | $666M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $17M |
| Short-Term Debt | $0 |
| Deferred Revenue | $8M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $181M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $33M |
| Other Non-Current Liabilities | $353M |
| TOTAL NON-CURRENT LIABILITIES | $418M |
| TOTAL LIABILITIES | $600M |
| Common Stock | $69.0K |
| Additional Paid-In Capital | $3.0B |
| Retained Earnings | -$2.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $923M |
| Minority Interest | $0 |
| TOTAL EQUITY | $923M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $42M |
| Net Debt | -$266M |
