| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $114M | $144M | $106M | -20.2% | 8.2% |
| Op. Income | -$42M | -$16M | -$10M | -163.6% | -308.5% |
| Gross Margin | 77.7% | 80.8% | 83.9% | -3.0pp | -6.1pp |
| Net Margin | -37.0% | -12.9% | -10.9% | -24.2pp | -26.1pp |
| EPS (Diluted) | $-0.38 | $-0.16 | $-0.11 | -137.5% | -245.5% |
| Free Cash Flow | -$49M | -$22M | -$43M | -124.4% | -13.9% |
| Item | Amount |
|---|---|
| REVENUE | $114M |
| Cost of Revenue | $25M |
| GROSS PROFIT | $89M |
| R&D Expenses | $64M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $67M |
| Other Expenses | $0 |
| Operating Expenses | $131M |
| Cost & Expenses | $156M |
| OPERATING INCOME | -$42M |
| Interest Income | $569.0K |
| Interest Expense | $128.0K |
| Other Income/Expenses | $41.0K |
| INCOME BEFORE TAX | -$42M |
| Income Tax Expense | $719.0K |
| Net Income from Continuing Ops | -$42M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$42M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$42M |
| D&A | $8M |
| EBIT | -$42M |
| EBITDA | -$34M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$42M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $26M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $183.0K |
| Change in Working Capital | -$13M |
| OPERATING CASH FLOW | -$21M |
| Capital Expenditure | -$28M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$242M |
| Sales/Maturities of Investments | $13M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$258M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$49M |
| Net Change in Cash | -$276M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $312M |
| Short-Term Investments | $227M |
| Net Receivables | $77M |
| Inventory | $64M |
| Other Current Assets | $27.0K |
| TOTAL CURRENT ASSETS | $697M |
| PP&E (Net) | $266M |
| Goodwill | $5M |
| Intangible Assets | $25M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $306M |
| TOTAL ASSETS | $1.0B |
| Account Payables | $19M |
| Short-Term Debt | $0 |
| Deferred Revenue | $6M |
| Other Current Liabilities | $19M |
| TOTAL CURRENT LIABILITIES | $94M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $102M |
| TOTAL LIABILITIES | $197M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$906M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $807M |
| Minority Interest | $0 |
| TOTAL EQUITY | $807M |
| TOTAL LIABILITIES & EQUITY | $1.0B |
| Total Debt | $101M |
| Net Debt | -$211M |
