| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $3M | $0 | 12.5% | — |
| Op. Income | -$27M | -$27M | -$25M | -0.1% | -10.8% |
| Gross Margin | 64.8% | 68.2% | — | -3.4pp | — |
| Net Margin | -784.8% | -898.8% | — | 114.0pp | — |
| EPS (Diluted) | $-0.56 | $-0.61 | $-0.66 | 8.2% | 15.2% |
| Free Cash Flow | -$23M | -$24M | -$16M | 5.4% | -38.4% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $2M |
| R&D Expenses | $20M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $29M |
| Cost & Expenses | $30M |
| OPERATING INCOME | -$27M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$26M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$26M |
| D&A | $1M |
| EBIT | -$26M |
| EBITDA | -$25M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$26M |
| Depreciation & Amortization | $609.0K |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $392.0K |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$22M |
| Capital Expenditure | -$409.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $5M |
| Sales/Maturities of Investments | $18M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $22M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $43.0K |
| NET CASH FROM FINANCING | $43.0K |
| FREE CASH FLOW | -$23M |
| Net Change in Cash | $160.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $114M |
| Short-Term Investments | $116M |
| Net Receivables | $588.0K |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $244M |
| PP&E (Net) | $11M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $569.0K |
| TOTAL NON-CURRENT ASSETS | $12M |
| TOTAL ASSETS | $256M |
| Account Payables | $766.0K |
| Short-Term Debt | $0 |
| Deferred Revenue | $15M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $31M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $37M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $40M |
| TOTAL LIABILITIES | $71M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $483M |
| Retained Earnings | -$297M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $185M |
| Minority Interest | $0 |
| TOTAL EQUITY | $185M |
| TOTAL LIABILITIES & EQUITY | $256M |
| Total Debt | $2M |
| Net Debt | -$111M |
