| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $28M | $28M | $26M | 0.9% | 7.4% |
| Op. Income | -$45M | -$40M | -$46M | -13.4% | 2.2% |
| Gross Margin | -107.5% | -85.1% | -114.7% | -22.4pp | 7.2pp |
| Net Margin | -155.8% | -134.0% | -174.8% | -21.8pp | 19.0pp |
| EPS (Diluted) | $-0.30 | $-0.26 | $-0.32 | -15.4% | 6.3% |
| Free Cash Flow | -$62M | -$56M | -$77M | -11.2% | 19.2% |
| Item | Amount |
|---|---|
| REVENUE | $28M |
| Cost of Revenue | $59M |
| GROSS PROFIT | -$30M |
| R&D Expenses | $59M |
| Selling & Marketing | $0 |
| General & Administrative | $15M |
| SG&A Expenses | $15M |
| Other Expenses | -$59M |
| Operating Expenses | $15M |
| Cost & Expenses | $73M |
| OPERATING INCOME | -$45M |
| Interest Income | $1M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$44M |
| Income Tax Expense | $58.0K |
| Net Income from Continuing Ops | -$44M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$44M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$44M |
| D&A | $3M |
| EBIT | -$45M |
| EBITDA | -$42M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$44M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $10M |
| Change in Working Capital | -$28M |
| OPERATING CASH FLOW | -$59M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$66M |
| Sales/Maturities of Investments | $70M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$62M |
| Net Change in Cash | -$59M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $120M |
| Short-Term Investments | $198M |
| Net Receivables | $7M |
| Inventory | $0 |
| Other Current Assets | $15M |
| TOTAL CURRENT ASSETS | $340M |
| PP&E (Net) | $122M |
| Goodwill | $39M |
| Intangible Assets | $53M |
| Long-Term Investments | $83M |
| Tax Assets | $7M |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $314M |
| TOTAL ASSETS | $654M |
| Account Payables | $11M |
| Short-Term Debt | $0 |
| Deferred Revenue | $81M |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $119M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $151M |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $201M |
| TOTAL LIABILITIES | $320M |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $335M |
| Minority Interest | $0 |
| TOTAL EQUITY | $335M |
| TOTAL LIABILITIES & EQUITY | $654M |
| Total Debt | $43M |
| Net Debt | -$77M |
