| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $25M | $28M | $9M | -10.5% | 195.3% |
| Op. Income | -$21M | -$19M | -$35M | -9.4% | 38.8% |
| Gross Margin | 100.0% | 100.0% | -212.3% | 0.0pp | 312.3pp |
| Net Margin | -77.5% | -92.6% | -362.8% | 15.1pp | 285.3pp |
| EPS (Diluted) | $-3.40 | $-5.50 | $-6.70 | 38.2% | 49.3% |
| Free Cash Flow | $65M | -$5M | -$29M | 1309.0% | 321.5% |
| Item | Amount |
|---|---|
| REVENUE | $25M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $25M |
| R&D Expenses | $32M |
| Selling & Marketing | $0 |
| General & Administrative | $15M |
| SG&A Expenses | $15M |
| Other Expenses | $0 |
| Operating Expenses | $46M |
| Cost & Expenses | $46M |
| OPERATING INCOME | -$21M |
| Interest Income | $1M |
| Interest Expense | $3M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$19M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$19M |
| D&A | $1M |
| EBIT | -$17M |
| EBITDA | -$15M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$19M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | $80M |
| OPERATING CASH FLOW | $66M |
| Capital Expenditure | -$738.0K |
| Acquisitions (Net) | $77M |
| Purchases of Investments | -$100M |
| Sales/Maturities of Investments | $22M |
| Other Investing Activities | -$77M |
| NET CASH FROM INVESTING | -$78M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $642.0K |
| NET CASH FROM FINANCING | $30M |
| FREE CASH FLOW | $65M |
| Net Change in Cash | $18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $97M |
| Short-Term Investments | $227M |
| Net Receivables | $11M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $347M |
| 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 | $401M |
| Account Payables | $12M |
| Short-Term Debt | $13M |
| Deferred Revenue | $16M |
| Other Current Liabilities | $15M |
| TOTAL CURRENT LIABILITIES | $58M |
| Long-Term Debt | $7M |
| Deferred Revenue NC | $75M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $133.0K |
| TOTAL NON-CURRENT LIABILITIES | $113M |
| TOTAL LIABILITIES | $171M |
| Common Stock | $55.0K |
| Additional Paid-In Capital | $649M |
| Retained Earnings | -$418M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $230M |
| Minority Interest | $0 |
| TOTAL EQUITY | $230M |
| TOTAL LIABILITIES & EQUITY | $401M |
| Total Debt | $53M |
| Net Debt | -$44M |
