| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $33M | $4M | $5M | 719.8% | 605.0% |
| Op. Income | -$7M | -$35M | -$27M | 80.4% | 74.5% |
| Gross Margin | 11.5% | -617.5% | -379.0% | 629.0pp | 390.5pp |
| Net Margin | -24.0% | -887.0% | -587.7% | 863.0pp | 563.8pp |
| EPS (Diluted) | $-0.24 | $-0.98 | $-0.76 | 75.5% | 68.4% |
| Free Cash Flow | -$43M | -$33M | -$29M | -30.3% | -49.0% |
| Item | Amount |
|---|---|
| REVENUE | $33M |
| Cost of Revenue | $29M |
| GROSS PROFIT | $4M |
| R&D Expenses | $29M |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | -$29M |
| Operating Expenses | $11M |
| Cost & Expenses | $40M |
| OPERATING INCOME | -$7M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $749.0K |
| EBIT | -$7M |
| EBITDA | -$6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $749.0K |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$44M |
| OPERATING CASH FLOW | -$43M |
| Capital Expenditure | -$443.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$80M |
| Sales/Maturities of Investments | $10M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$71M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $481.0K |
| NET CASH FROM FINANCING | $481.0K |
| FREE CASH FLOW | -$43M |
| Net Change in Cash | -$113M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $100M |
| Short-Term Investments | $110M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $18M |
| TOTAL CURRENT ASSETS | $229M |
| PP&E (Net) | $33M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $37M |
| TOTAL ASSETS | $266M |
| Account Payables | $3M |
| Short-Term Debt | $14M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $33M |
| Long-Term Debt | $44M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $61M |
| TOTAL LIABILITIES | $95M |
| Common Stock | $35.0K |
| Additional Paid-In Capital | $556M |
| Retained Earnings | -$384M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$152.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $171M |
| Minority Interest | $0 |
| TOTAL EQUITY | $171M |
| TOTAL LIABILITIES & EQUITY | $266M |
| Total Debt | $83M |
| Net Debt | -$17M |
