| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $1M | $793.0K | 0.4% | 39.7% |
| Op. Income | -$22M | -$12M | -$9M | -85.2% | -142.0% |
| Gross Margin | 100.0% | 8.5% | -20.7% | 91.5pp | 120.7pp |
| Net Margin | -1042.6% | -1069.6% | -1514.1% | 27.0pp | 471.5pp |
| EPS (Diluted) | $-2.65 | $-2.70 | $-2.75 | 1.9% | 3.6% |
| Free Cash Flow | -$34M | -$17M | -$14M | -94.4% | -134.0% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $1M |
| R&D Expenses | $9M |
| Selling & Marketing | $0 |
| General & Administrative | $14M |
| SG&A Expenses | $14M |
| Other Expenses | -$250.0K |
| Operating Expenses | $23M |
| Cost & Expenses | $23M |
| OPERATING INCOME | -$22M |
| Interest Income | $27.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | -$12M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$12M |
| D&A | $935.0K |
| EBIT | -$22M |
| EBITDA | -$21M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$12M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$11M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | -$15M |
| Capital Expenditure | -$19M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$19M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $118M |
| FREE CASH FLOW | -$34M |
| Net Change in Cash | $139M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $140M |
| Short-Term Investments | $0 |
| Net Receivables | $573.0K |
| Inventory | $0 |
| Other Current Assets | $28.0K |
| TOTAL CURRENT ASSETS | $144M |
| PP&E (Net) | $55M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $58M |
| TOTAL ASSETS | $202M |
| Account Payables | $6M |
| Short-Term Debt | $0 |
| Deferred Revenue | $833.0K |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $18M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $30M |
| TOTAL LIABILITIES | $48M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $293M |
| Retained Earnings | -$138M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $154M |
| Minority Interest | $0 |
| TOTAL EQUITY | $154M |
| TOTAL LIABILITIES & EQUITY | $202M |
| Total Debt | $31M |
| Net Debt | -$109M |
