| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $111M | $96M | $88M | 15.8% | 26.0% |
| Op. Income | -$37M | -$49M | -$29M | 23.2% | -30.1% |
| Gross Margin | 84.0% | 81.5% | 83.9% | 2.5pp | 0.1pp |
| Net Margin | -32.6% | -50.7% | -37.3% | 18.1pp | 4.7pp |
| EPS (Diluted) | $-0.33 | $-0.45 | $-0.31 | 26.7% | -6.5% |
| Free Cash Flow | -$17M | $21M | -$10M | -181.3% | -66.6% |
| Item | Amount |
|---|---|
| REVENUE | $111M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $94M |
| R&D Expenses | $45M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $86M |
| Other Expenses | $0 |
| Operating Expenses | $131M |
| Cost & Expenses | $149M |
| OPERATING INCOME | -$37M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$35M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$36M |
| D&A | $5M |
| EBIT | -$35M |
| EBITDA | -$30M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$36M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $44M |
| Change in Working Capital | -$27M |
| OPERATING CASH FLOW | -$14M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6.0K |
| NET CASH FROM FINANCING | -$1.0K |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | -$23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $753M |
| Short-Term Investments | $36M |
| Net Receivables | $84M |
| Inventory | $0 |
| Other Current Assets | $34M |
| TOTAL CURRENT ASSETS | $907M |
| PP&E (Net) | $100M |
| Goodwill | $23M |
| Intangible Assets | $4M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $19M |
| TOTAL NON-CURRENT ASSETS | $146M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $5M |
| Short-Term Debt | $10M |
| Deferred Revenue | $98M |
| Other Current Liabilities | $96M |
| TOTAL CURRENT LIABILITIES | $209M |
| Long-Term Debt | $248M |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $317M |
| TOTAL LIABILITIES | $526M |
| Common Stock | $110.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | -$504M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $526M |
| Minority Interest | $0 |
| TOTAL EQUITY | $526M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $320M |
| Net Debt | -$433M |
