| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9M | $4M | $2M | 105.2% | 383.8% |
| Op. Income | -$42M | -$39M | -$51M | -7.2% | 17.4% |
| Gross Margin | 88.3% | 88.4% | 87.0% | -0.1pp | 1.3pp |
| Net Margin | -483.4% | -953.8% | -2359.2% | 470.4pp | 1875.7pp |
| EPS (Diluted) | $-0.75 | $-0.83 | $-0.85 | 9.6% | 11.8% |
| Free Cash Flow | -$34M | -$47M | -$41M | 27.8% | 16.1% |
| Item | Amount |
|---|---|
| REVENUE | $9M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $8M |
| R&D Expenses | $24M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $26M |
| Other Expenses | $0 |
| Operating Expenses | $50M |
| Cost & Expenses | $51M |
| OPERATING INCOME | -$42M |
| Interest Income | $3M |
| Interest Expense | $3M |
| Other Income/Expenses | -$390.0K |
| INCOME BEFORE TAX | -$42M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$42M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$42M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$42M |
| D&A | $442.0K |
| EBIT | -$39M |
| EBITDA | -$39M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$42M |
| Depreciation & Amortization | $442.0K |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$116.0K |
| OPERATING CASH FLOW | -$34M |
| Capital Expenditure | $1.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$100M |
| Sales/Maturities of Investments | $60M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$41M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $17M |
| FREE CASH FLOW | -$34M |
| Net Change in Cash | -$57M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $128M |
| Short-Term Investments | $206M |
| Net Receivables | $6M |
| Inventory | $3M |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $354M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $8M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $17M |
| TOTAL NON-CURRENT ASSETS | $28M |
| TOTAL ASSETS | $382M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $40M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $77M |
| TOTAL NON-CURRENT LIABILITIES | $78M |
| TOTAL LIABILITIES | $118M |
| Common Stock | $56.0K |
| Additional Paid-In Capital | $974M |
| Retained Earnings | -$710M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$92.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $264M |
| Minority Interest | $0 |
| TOTAL EQUITY | $264M |
| TOTAL LIABILITIES & EQUITY | $382M |
| Total Debt | $2M |
| Net Debt | -$126M |
