| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $6M | $7M | 19.9% | 2.0% |
| Op. Income | -$30M | -$25M | -$20M | -18.7% | -52.9% |
| Gross Margin | 82.4% | 88.1% | -223.0% | -5.7pp | 305.4pp |
| Net Margin | -419.8% | -430.7% | -288.6% | 10.9pp | -131.2pp |
| EPS (Diluted) | $-0.32 | $-0.28 | $-0.28 | -14.3% | -14.3% |
| Free Cash Flow | -$23M | -$33M | -$22M | 31.4% | -2.8% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $6M |
| R&D Expenses | $29M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $7M |
| Other Expenses | $0 |
| Operating Expenses | $36M |
| Cost & Expenses | $37M |
| OPERATING INCOME | -$30M |
| Interest Income | $350.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $873.0K |
| INCOME BEFORE TAX | -$29M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$29M |
| D&A | $1M |
| EBIT | -$29M |
| EBITDA | -$28M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$29M |
| Depreciation & Amortization | $417.0K |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $584.0K |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | -$20M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$44M |
| Sales/Maturities of Investments | $63M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $15M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $113.0K |
| NET CASH FROM FINANCING | $113.0K |
| FREE CASH FLOW | -$23M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $100M |
| Short-Term Investments | $293M |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $567.0K |
| TOTAL CURRENT ASSETS | $402M |
| PP&E (Net) | $59M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $62M |
| TOTAL ASSETS | $464M |
| Account Payables | $6M |
| Short-Term Debt | $0 |
| Deferred Revenue | $28M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $51M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $100M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $140M |
| TOTAL LIABILITIES | $191M |
| Common Stock | $88.0K |
| Additional Paid-In Capital | $518M |
| Retained Earnings | -$240M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $273M |
| Minority Interest | $0 |
| TOTAL EQUITY | $273M |
| TOTAL LIABILITIES & EQUITY | $464M |
| Total Debt | $41M |
| Net Debt | -$60M |
