| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $56M | $48M | $35M | 16.6% | 60.2% |
| Op. Income | -$61M | -$61M | -$42M | -0.6% | -45.2% |
| Gross Margin | 44.8% | 38.3% | 40.2% | 6.5pp | 4.6pp |
| Net Margin | -107.8% | -126.1% | -114.3% | 18.2pp | 6.5pp |
| EPS (Diluted) | $-1.08 | $-1.13 | $-0.82 | 4.4% | -31.7% |
| Free Cash Flow | -$75M | -$74M | -$35M | -0.6% | -114.2% |
| Item | Amount |
|---|---|
| REVENUE | $56M |
| Cost of Revenue | $31M |
| GROSS PROFIT | $25M |
| R&D Expenses | $37M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $54M |
| Other Expenses | -$4M |
| Operating Expenses | $86M |
| Cost & Expenses | $117M |
| OPERATING INCOME | -$61M |
| Interest Income | $722.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $497.0K |
| 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 | -$56M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$61M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $20M |
| Deferred Income Tax | -$132.0K |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | -$34M |
| Capital Expenditure | -$41M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $45M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $4M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $763.0K |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | -$75M |
| Net Change in Cash | -$31M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $376M |
| Short-Term Investments | $151M |
| Net Receivables | $41M |
| Inventory | $43M |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $624M |
| PP&E (Net) | $203M |
| Goodwill | $86M |
| Intangible Assets | $61M |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $356M |
| TOTAL ASSETS | $980M |
| Account Payables | $21M |
| Short-Term Debt | $14M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $26M |
| TOTAL CURRENT LIABILITIES | $93M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $66M |
| TOTAL LIABILITIES | $159M |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$777M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $821M |
| Minority Interest | $0 |
| TOTAL EQUITY | $821M |
| TOTAL LIABILITIES & EQUITY | $980M |
| Total Debt | $79M |
| Net Debt | -$298M |
