| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $31M | $27M | $399M | 18.2% | -92.1% |
| Op. Income | -$58M | -$71M | $314M | 18.7% | -118.4% |
| Gross Margin | 59.2% | 50.6% | 94.2% | 8.6pp | -35.0pp |
| Net Margin | -191.2% | -284.7% | 73.8% | 93.5pp | -265.0pp |
| EPS (Diluted) | $-1.38 | $-1.85 | $6.67 | 25.4% | -120.7% |
| Free Cash Flow | -$45M | -$56M | $312M | 19.2% | -114.4% |
| Item | Amount |
|---|---|
| REVENUE | $31M |
| Cost of Revenue | $13M |
| GROSS PROFIT | $19M |
| R&D Expenses | $63M |
| Selling & Marketing | $0 |
| General & Administrative | $21M |
| SG&A Expenses | $21M |
| Other Expenses | -$7M |
| Operating Expenses | $76M |
| Cost & Expenses | $89M |
| OPERATING INCOME | -$58M |
| Interest Income | $77.0K |
| Interest Expense | $4M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$60M |
| Income Tax Expense | -$43.0K |
| Net Income from Continuing Ops | -$60M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$60M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$60M |
| D&A | $4M |
| EBIT | -$56M |
| EBITDA | -$52M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$60M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $228.0K |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | -$39M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$12M |
| Sales/Maturities of Investments | $44M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $27M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | -$9M |
| FREE CASH FLOW | -$45M |
| Net Change in Cash | -$22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $97M |
| Short-Term Investments | $268M |
| Net Receivables | $30M |
| Inventory | $0 |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $416M |
| PP&E (Net) | $207M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $201M |
| Tax Assets | $0 |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $417M |
| TOTAL ASSETS | $833M |
| Account Payables | $27M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2M |
| Other Current Liabilities | $67M |
| TOTAL CURRENT LIABILITIES | $130M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $98M |
| TOTAL NON-CURRENT LIABILITIES | $187M |
| TOTAL LIABILITIES | $317M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $973M |
| Retained Earnings | -$442M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $516M |
| Minority Interest | $0 |
| TOTAL EQUITY | $516M |
| TOTAL LIABILITIES & EQUITY | $833M |
| Total Debt | $95M |
| Net Debt | -$2M |
