| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $27M | $33M | $31M | -18.8% | -13.8% |
| Op. Income | -$71M | -$63M | -$57M | -13.6% | -23.9% |
| Gross Margin | 50.6% | 60.3% | 54.2% | -9.7pp | -3.6pp |
| Net Margin | -284.7% | -208.8% | -189.8% | -75.9pp | -94.9pp |
| EPS (Diluted) | $-1.85 | $-1.58 | $-1.37 | -17.1% | -35.0% |
| Free Cash Flow | -$56M | -$71M | -$61M | 21.8% | 9.3% |
| Item | Amount |
|---|---|
| REVENUE | $27M |
| Cost of Revenue | $13M |
| GROSS PROFIT | $13M |
| R&D Expenses | $63M |
| Selling & Marketing | $0 |
| General & Administrative | $21M |
| SG&A Expenses | $21M |
| Other Expenses | $229.0K |
| Operating Expenses | $84M |
| Cost & Expenses | $98M |
| OPERATING INCOME | -$71M |
| Interest Income | $18.0K |
| Interest Expense | $6M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$75M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$75M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$75M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$75M |
| D&A | $4M |
| EBIT | -$70M |
| EBITDA | -$66M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$75M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | -$50M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | -$58M |
| Purchases of Investments | -$15M |
| Sales/Maturities of Investments | $73M |
| Other Investing Activities | $58M |
| NET CASH FROM INVESTING | $53M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | -$56M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $119M |
| Short-Term Investments | $264M |
| Net Receivables | $33M |
| Inventory | $0 |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $437M |
| PP&E (Net) | $200M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $235M |
| Tax Assets | $0 |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $447M |
| TOTAL ASSETS | $884M |
| Account Payables | $25M |
| Short-Term Debt | $0 |
| Deferred Revenue | $6M |
| Other Current Liabilities | $58M |
| TOTAL CURRENT LIABILITIES | $124M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $112M |
| TOTAL NON-CURRENT LIABILITIES | $196M |
| TOTAL LIABILITIES | $320M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $964M |
| Retained Earnings | -$382M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$18M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $564M |
| Minority Interest | $0 |
| TOTAL EQUITY | $564M |
| TOTAL LIABILITIES & EQUITY | $884M |
| Total Debt | $88M |
| Net Debt | -$30M |
