| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $26M | $29M | $29M | -9.9% | -7.4% |
| Op. Income | -$55M | -$46M | -$48M | -20.0% | -13.3% |
| Gross Margin | -146.1% | -104.3% | -118.8% | -41.8pp | -27.3pp |
| Net Margin | -200.9% | -147.0% | -167.0% | -53.9pp | -33.9pp |
| EPS (Diluted) | $-0.34 | $-0.29 | $-0.33 | -17.2% | -3.0% |
| Free Cash Flow | -$58M | -$59M | -$65M | 2.4% | 10.2% |
| Item | Amount |
|---|---|
| REVENUE | $26M |
| Cost of Revenue | $65M |
| GROSS PROFIT | -$39M |
| R&D Expenses | $65M |
| Selling & Marketing | $0 |
| General & Administrative | $16M |
| SG&A Expenses | $16M |
| Other Expenses | -$65M |
| Operating Expenses | $16M |
| Cost & Expenses | $81M |
| OPERATING INCOME | -$55M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$53M |
| Income Tax Expense | $30.0K |
| Net Income from Continuing Ops | -$53M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$53M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$53M |
| D&A | $3M |
| EBIT | -$55M |
| EBITDA | -$52M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$53M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$531.0K |
| Change in Working Capital | -$13M |
| OPERATING CASH FLOW | -$54M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $9M |
| Purchases of Investments | -$96M |
| Sales/Maturities of Investments | $87M |
| Other Investing Activities | -$9M |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $44M |
| FREE CASH FLOW | -$58M |
| Net Change in Cash | -$23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $95M |
| Short-Term Investments | $219M |
| Net Receivables | $5M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $337M |
| PP&E (Net) | $121M |
| Goodwill | $35M |
| Intangible Assets | $46M |
| Long-Term Investments | $37M |
| Tax Assets | $0 |
| Other Non-Current Assets | $19M |
| TOTAL NON-CURRENT ASSETS | $257M |
| TOTAL ASSETS | $594M |
| Account Payables | $17M |
| Short-Term Debt | $0 |
| Deferred Revenue | $72M |
| Other Current Liabilities | $19M |
| TOTAL CURRENT LIABILITIES | $122M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $116M |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $162M |
| TOTAL LIABILITIES | $285M |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$19M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $309M |
| Minority Interest | $0 |
| TOTAL EQUITY | $309M |
| TOTAL LIABILITIES & EQUITY | $594M |
| Total Debt | $40M |
| Net Debt | -$55M |
