| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | $6M | $6M | 0.7% | -9.8% |
| Op. Income | -$25M | -$22M | -$12M | -15.4% | -110.1% |
| Gross Margin | 88.4% | 89.9% | 93.0% | -1.5pp | -4.7pp |
| Net Margin | -437.8% | -385.7% | -189.6% | -52.1pp | -248.2pp |
| EPS (Diluted) | $-0.29 | $-0.25 | $-0.14 | -16.0% | -107.1% |
| Free Cash Flow | -$31M | -$18M | -$14M | -77.4% | -126.6% |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $670.0K |
| GROSS PROFIT | $5M |
| R&D Expenses | $24M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $6M |
| Other Expenses | $0 |
| Operating Expenses | $30M |
| Cost & Expenses | $31M |
| OPERATING INCOME | -$25M |
| Interest Income | $218.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $171.0K |
| INCOME BEFORE TAX | -$25M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$25M |
| D&A | $670.0K |
| EBIT | -$25M |
| EBITDA | -$25M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$25M |
| Depreciation & Amortization | $309.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $415.0K |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | -$30M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$55M |
| Sales/Maturities of Investments | $44M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $257.0K |
| NET CASH FROM FINANCING | $257.0K |
| FREE CASH FLOW | -$31M |
| Net Change in Cash | -$41M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $100M |
| Short-Term Investments | $350M |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $567.0K |
| TOTAL CURRENT ASSETS | $461M |
| PP&E (Net) | $7M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $11M |
| TOTAL ASSETS | $472M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $25M |
| Other Current Liabilities | $900.0K |
| TOTAL CURRENT LIABILITIES | $39M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $112M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $112M |
| TOTAL LIABILITIES | $151M |
| Common Stock | $88.0K |
| Additional Paid-In Capital | $510M |
| Retained Earnings | -$187M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $320M |
| Minority Interest | $0 |
| TOTAL EQUITY | $320M |
| TOTAL LIABILITIES & EQUITY | $472M |
| Total Debt | $1M |
| Net Debt | -$99M |
