| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | $6M | $18M | 0.2% | -68.2% |
| Op. Income | -$25M | -$25M | -$5M | 0.7% | -453.2% |
| Gross Margin | 88.1% | 88.4% | 97.5% | -0.3pp | -9.3pp |
| Net Margin | -430.7% | -437.8% | -24.8% | 7.1pp | -406.0pp |
| EPS (Diluted) | $-0.28 | $-0.29 | $-0.05 | 3.4% | -444.7% |
| Free Cash Flow | -$33M | -$31M | -$8M | -6.8% | -332.0% |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $686.0K |
| GROSS PROFIT | $5M |
| R&D Expenses | $24M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $7M |
| Other Expenses | $0 |
| Operating Expenses | $30M |
| Cost & Expenses | $31M |
| OPERATING INCOME | -$25M |
| Interest Income | $297.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $347.0K |
| INCOME BEFORE TAX | -$25M |
| Income Tax Expense | $3.0K |
| 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 | $686.0K |
| EBIT | -$25M |
| EBITDA | -$24M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$25M |
| Depreciation & Amortization | $312.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $335.0K |
| Change in Working Capital | -$11M |
| OPERATING CASH FLOW | -$32M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$16M |
| Sales/Maturities of Investments | $53M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $35M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $718.0K |
| NET CASH FROM FINANCING | $718.0K |
| FREE CASH FLOW | -$33M |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $105M |
| Short-Term Investments | $312M |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $567.0K |
| TOTAL CURRENT ASSETS | $436M |
| PP&E (Net) | $9M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $12M |
| TOTAL ASSETS | $448M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $28M |
| Other Current Liabilities | $917.0K |
| TOTAL CURRENT LIABILITIES | $45M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $105M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $105M |
| TOTAL LIABILITIES | $150M |
| Common Stock | $88.0K |
| Additional Paid-In Capital | $514M |
| Retained Earnings | -$211M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $299M |
| Minority Interest | $0 |
| TOTAL EQUITY | $299M |
| TOTAL LIABILITIES & EQUITY | $448M |
| Total Debt | $629.0K |
| Net Debt | -$104M |
