| Metric | Q3 2021 | Q2 2021 | Q3 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $35M | $31M | $21M | 12.2% | 65.1% |
| Op. Income | -$42M | -$38M | -$28M | -10.8% | -49.4% |
| Gross Margin | 40.2% | 39.0% | 22.3% | 1.2pp | 17.9pp |
| Net Margin | -114.3% | -121.5% | -133.0% | 7.2pp | 18.7pp |
| EPS (Diluted) | $-0.82 | $-0.78 | $-0.67 | -5.1% | -22.4% |
| Free Cash Flow | -$35M | -$33M | -$26M | -5.9% | -32.6% |
| Item | Amount |
|---|---|
| REVENUE | $35M |
| Cost of Revenue | $21M |
| GROSS PROFIT | $14M |
| R&D Expenses | $20M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $34M |
| Other Expenses | $2M |
| Operating Expenses | $56M |
| Cost & Expenses | $77M |
| OPERATING INCOME | -$42M |
| Interest Income | $86.0K |
| Interest Expense | $70.0K |
| Other Income/Expenses | -$296.0K |
| INCOME BEFORE TAX | -$42M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$40M |
| D&A | $3M |
| EBIT | -$42M |
| EBITDA | -$40M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$40M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | -$48.0K |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$28M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | -$152M |
| Purchases of Investments | -$59M |
| Sales/Maturities of Investments | $112M |
| Other Investing Activities | $210M |
| NET CASH FROM INVESTING | $105M |
| Net Debt Issuance | -$833.0K |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | -$765.0K |
| FREE CASH FLOW | -$35M |
| Net Change in Cash | $76M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $475M |
| Short-Term Investments | $44M |
| Net Receivables | $28M |
| Inventory | $21M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $577M |
| PP&E (Net) | $101M |
| Goodwill | $23M |
| Intangible Assets | $19M |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $149M |
| TOTAL ASSETS | $725M |
| Account Payables | $11M |
| Short-Term Debt | $10M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $55M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $60M |
| TOTAL LIABILITIES | $115M |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$569M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $428.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $610M |
| Minority Interest | $0 |
| TOTAL EQUITY | $610M |
| TOTAL LIABILITIES & EQUITY | $725M |
| Total Debt | $64M |
| Net Debt | -$412M |
