| Metric | Q4 2021 | Q3 2021 | Q4 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | $7M | $9M | -15.8% | -37.5% |
| Op. Income | -$22M | -$20M | -$9M | -12.3% | -146.0% |
| Gross Margin | 89.9% | -223.0% | 95.3% | 312.9pp | -5.4pp |
| Net Margin | -385.7% | -288.6% | -97.0% | -97.0pp | -288.7pp |
| EPS (Diluted) | $-0.25 | $-0.28 | $-0.42 | 10.7% | 40.5% |
| Free Cash Flow | -$18M | -$22M | -$19M | 21.0% | 5.0% |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $577.0K |
| GROSS PROFIT | $5M |
| R&D Expenses | $22M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $27M |
| Cost & Expenses | $28M |
| OPERATING INCOME | -$22M |
| Interest Income | $196.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $115.0K |
| INCOME BEFORE TAX | -$22M |
| Income Tax Expense | $177.0K |
| Net Income from Continuing Ops | -$22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$22M |
| D&A | $577.0K |
| EBIT | -$22M |
| EBITDA | -$21M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$22M |
| Depreciation & Amortization | $256.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $404.0K |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$17M |
| Capital Expenditure | -$696.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$104M |
| Sales/Maturities of Investments | $60M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$45M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$120.0K |
| NET CASH FROM FINANCING | -$120.0K |
| FREE CASH FLOW | -$18M |
| Net Change in Cash | -$62M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $143M |
| Short-Term Investments | $343M |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $567.0K |
| TOTAL CURRENT ASSETS | $492M |
| PP&E (Net) | $6M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $8M |
| TOTAL ASSETS | $500M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $26M |
| Other Current Liabilities | $666.0K |
| TOTAL CURRENT LIABILITIES | $41M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $115M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $115M |
| TOTAL LIABILITIES | $155M |
| Common Stock | $88.0K |
| Additional Paid-In Capital | $507M |
| Retained Earnings | -$161M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$765.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $345M |
| Minority Interest | $0 |
| TOTAL EQUITY | $345M |
| TOTAL LIABILITIES & EQUITY | $500M |
| Total Debt | $2M |
| Net Debt | -$141M |
