| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $28M | $6M | $28M | 376.4% | 0.2% |
| Op. Income | -$19M | -$39M | -$10M | 50.5% | -97.6% |
| Gross Margin | 100.0% | -408.6% | 9.8% | 508.6pp | 90.2pp |
| Net Margin | -92.6% | -663.2% | -21.9% | 570.6pp | -70.6pp |
| EPS (Diluted) | $-5.50 | $-8.40 | $-1.30 | 34.5% | -323.1% |
| Free Cash Flow | -$5M | -$37M | -$11M | 85.4% | 49.6% |
| Item | Amount |
|---|---|
| REVENUE | $28M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $28M |
| R&D Expenses | $32M |
| Selling & Marketing | $0 |
| General & Administrative | $15M |
| SG&A Expenses | $15M |
| Other Expenses | $0 |
| Operating Expenses | $47M |
| Cost & Expenses | $47M |
| OPERATING INCOME | -$19M |
| Interest Income | $197.0K |
| Interest Expense | $594.0K |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$24M |
| Income Tax Expense | $3M |
| 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 | -$23M |
| EBITDA | -$22M |
| EPS | -$6 |
| EPS Diluted | -$6 |
| Item | Amount |
|---|---|
| Net Income | -$26M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4M |
| Sales/Maturities of Investments | $54M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $48M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $15.0K |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | $50M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $79M |
| Short-Term Investments | $147M |
| Net Receivables | $98M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $332M |
| PP&E (Net) | $51M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $54M |
| TOTAL ASSETS | $386M |
| Account Payables | $13M |
| Short-Term Debt | $13M |
| Deferred Revenue | $6M |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $45M |
| Long-Term Debt | $10M |
| Deferred Revenue NC | $90M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $142.0K |
| TOTAL NON-CURRENT LIABILITIES | $132M |
| TOTAL LIABILITIES | $177M |
| Common Stock | $49.0K |
| Additional Paid-In Capital | $609M |
| Retained Earnings | -$399M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $209M |
| Minority Interest | $0 |
| TOTAL EQUITY | $209M |
| TOTAL LIABILITIES & EQUITY | $386M |
| Total Debt | $55M |
| Net Debt | -$24M |
