| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $115M | $114M | $116M | 0.1% | -1.1% |
| Op. Income | -$63M | -$42M | -$10M | -51.2% | -511.1% |
| Gross Margin | 75.8% | 77.7% | 95.8% | -1.9pp | -19.9pp |
| Net Margin | -56.2% | -37.0% | -9.5% | -19.2pp | -46.7pp |
| EPS (Diluted) | $-0.57 | $-0.38 | $-0.10 | -50.0% | -470.0% |
| Free Cash Flow | -$44M | -$49M | -$11M | 9.7% | -285.9% |
| Item | Amount |
|---|---|
| REVENUE | $115M |
| Cost of Revenue | $28M |
| GROSS PROFIT | $87M |
| R&D Expenses | $71M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $79M |
| Other Expenses | $0 |
| Operating Expenses | $150M |
| Cost & Expenses | $178M |
| OPERATING INCOME | -$63M |
| Interest Income | $1M |
| Interest Expense | $109.0K |
| Other Income/Expenses | -$714.0K |
| INCOME BEFORE TAX | -$64M |
| Income Tax Expense | $627.0K |
| Net Income from Continuing Ops | -$64M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$64M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$64M |
| D&A | $8M |
| EBIT | -$64M |
| EBITDA | -$55M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$64M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $36M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $277.0K |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$17M |
| Capital Expenditure | -$27M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$29M |
| Sales/Maturities of Investments | $29M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$28M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $6M |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | -$44M |
| Net Change in Cash | -$38M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $274M |
| Short-Term Investments | $226M |
| Net Receivables | $76M |
| Inventory | $71M |
| Other Current Assets | $508.0K |
| TOTAL CURRENT ASSETS | $666M |
| PP&E (Net) | $296M |
| Goodwill | $5M |
| Intangible Assets | $24M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $335M |
| TOTAL ASSETS | $1.0B |
| Account Payables | $27M |
| Short-Term Debt | $0 |
| Deferred Revenue | $7M |
| Other Current Liabilities | $20M |
| TOTAL CURRENT LIABILITIES | $118M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $100M |
| TOTAL LIABILITIES | $218M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | -$970M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $784M |
| Minority Interest | $0 |
| TOTAL EQUITY | $784M |
| TOTAL LIABILITIES & EQUITY | $1.0B |
| Total Debt | $99M |
| Net Debt | -$175M |
