| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $48M | $42M | $31M | 14.5% | 54.2% |
| Op. Income | -$61M | -$56M | -$38M | -8.7% | -60.0% |
| Gross Margin | 38.3% | 35.6% | 39.0% | 2.7pp | -0.8pp |
| Net Margin | -126.1% | -108.4% | -121.5% | -17.6pp | -4.5pp |
| EPS (Diluted) | $-1.13 | $-0.91 | $-0.78 | -24.2% | -44.9% |
| Free Cash Flow | -$74M | -$59M | -$33M | -25.0% | -125.5% |
| Item | Amount |
|---|---|
| REVENUE | $48M |
| Cost of Revenue | $30M |
| GROSS PROFIT | $18M |
| R&D Expenses | $31M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $54M |
| Other Expenses | -$6M |
| Operating Expenses | $79M |
| Cost & Expenses | $109M |
| OPERATING INCOME | -$61M |
| Interest Income | $259.0K |
| Interest Expense | $29.0K |
| Other Income/Expenses | -$15.0K |
| INCOME BEFORE TAX | -$61M |
| Income Tax Expense | -$149.0K |
| Net Income from Continuing Ops | -$61M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$61M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$61M |
| D&A | $4M |
| EBIT | -$61M |
| EBITDA | -$57M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$61M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $22M |
| Deferred Income Tax | -$500.0K |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$42M |
| Capital Expenditure | -$32M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $19M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $272M |
| FREE CASH FLOW | -$74M |
| Net Change in Cash | $216M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $408M |
| Short-Term Investments | $166M |
| Net Receivables | $35M |
| Inventory | $45M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $664M |
| PP&E (Net) | $170M |
| Goodwill | $86M |
| Intangible Assets | $62M |
| Long-Term Investments | $31M |
| Tax Assets | $0 |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $357M |
| TOTAL ASSETS | $1.0B |
| Account Payables | $17M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $85M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $74M |
| TOTAL LIABILITIES | $158M |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$717M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$475.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $863M |
| Minority Interest | $0 |
| TOTAL EQUITY | $863M |
| TOTAL LIABILITIES & EQUITY | $1.0B |
| Total Debt | $80M |
| Net Debt | -$328M |
