| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $103M | $91M | $83M | 13.9% | 23.9% |
| Op. Income | -$146M | -$225M | -$103M | 35.3% | -42.0% |
| Gross Margin | 94.9% | 90.5% | 95.8% | 4.4pp | -0.9pp |
| Net Margin | -146.9% | -270.2% | -146.9% | 123.3pp | -0.1pp |
| EPS (Diluted) | $-2.16 | $-3.50 | $-1.79 | 38.3% | -20.7% |
| Free Cash Flow | -$117M | -$121M | -$70M | 3.4% | -66.7% |
| Item | Amount |
|---|---|
| REVENUE | $103M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $98M |
| R&D Expenses | $171M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $73M |
| Other Expenses | $0 |
| Operating Expenses | $244M |
| Cost & Expenses | $249M |
| OPERATING INCOME | -$146M |
| Interest Income | $6M |
| Interest Expense | $16M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | -$153M |
| Income Tax Expense | -$1M |
| 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 | $5M |
| EBIT | -$137M |
| EBITDA | -$132M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$152M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $29M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $22M |
| OPERATING CASH FLOW | -$90M |
| Capital Expenditure | -$27M |
| Acquisitions (Net) | $366.0K |
| Purchases of Investments | -$199M |
| Sales/Maturities of Investments | $54M |
| Other Investing Activities | -$604.0K |
| NET CASH FROM INVESTING | -$172M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$117M |
| Net Change in Cash | -$259M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $133M |
| Short-Term Investments | $615M |
| Net Receivables | $40M |
| Inventory | $27M |
| Other Current Assets | $69M |
| TOTAL CURRENT ASSETS | $884M |
| PP&E (Net) | $260M |
| Goodwill | $44M |
| Intangible Assets | $160M |
| Long-Term Investments | $149M |
| Tax Assets | $0 |
| Other Non-Current Assets | $48M |
| TOTAL NON-CURRENT ASSETS | $662M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $43M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $261M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $32M |
| Other Non-Current Liabilities | $880M |
| TOTAL NON-CURRENT LIABILITIES | $932M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $70.0K |
| Additional Paid-In Capital | $3.1B |
| Retained Earnings | -$2.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $352M |
| Minority Interest | $0 |
| TOTAL EQUITY | $352M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $32M |
| Net Debt | -$101M |
