| Metric | Q4 2021 | Q3 2021 | Q4 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $28M | $29M | $26M | -2.0% | 8.5% |
| Op. Income | -$40M | -$48M | -$43M | 17.6% | 8.1% |
| Gross Margin | -85.1% | -118.8% | -102.9% | 33.7pp | 17.8pp |
| Net Margin | -134.0% | -167.0% | -157.4% | 33.0pp | 23.4pp |
| EPS (Diluted) | $-0.26 | $-0.33 | $-0.29 | 21.2% | 10.3% |
| Free Cash Flow | -$56M | -$65M | -$8M | 14.0% | -569.1% |
| Item | Amount |
|---|---|
| REVENUE | $28M |
| Cost of Revenue | $52M |
| GROSS PROFIT | -$24M |
| R&D Expenses | $52M |
| Selling & Marketing | $0 |
| General & Administrative | $16M |
| SG&A Expenses | $16M |
| Other Expenses | -$52M |
| Operating Expenses | $16M |
| Cost & Expenses | $68M |
| OPERATING INCOME | -$40M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$38M |
| Income Tax Expense | -$67.0K |
| Net Income from Continuing Ops | -$37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$37M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$37M |
| D&A | $3M |
| EBIT | -$40M |
| EBITDA | -$37M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$37M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$22M |
| OPERATING CASH FLOW | -$53M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$38M |
| Sales/Maturities of Investments | $93M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $53M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$27M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$56M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $179M |
| Short-Term Investments | $198M |
| Net Receivables | $6M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $399M |
| PP&E (Net) | $125M |
| Goodwill | $40M |
| Intangible Assets | $54M |
| Long-Term Investments | $88M |
| Tax Assets | $0 |
| Other Non-Current Assets | $17M |
| TOTAL NON-CURRENT ASSETS | $323M |
| TOTAL ASSETS | $722M |
| Account Payables | $10M |
| Short-Term Debt | $0 |
| Deferred Revenue | $86M |
| Other Current Liabilities | $21M |
| TOTAL CURRENT LIABILITIES | $128M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $167M |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $219M |
| TOTAL LIABILITIES | $347M |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$956M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $375M |
| Minority Interest | $0 |
| TOTAL EQUITY | $375M |
| TOTAL LIABILITIES & EQUITY | $722M |
| Total Debt | $48M |
| Net Debt | -$131M |
