| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $123M | $111M | $100M | 10.6% | 22.9% |
| Op. Income | -$24M | -$37M | -$19M | 35.4% | -26.7% |
| Gross Margin | 86.1% | 84.0% | 85.7% | 2.0pp | 0.3pp |
| Net Margin | -23.3% | -32.6% | -23.2% | 9.3pp | -0.1pp |
| EPS (Diluted) | $-0.26 | $-0.33 | $-0.22 | 21.2% | -18.2% |
| Free Cash Flow | -$3M | -$17M | -$6M | 81.7% | 50.0% |
| Item | Amount |
|---|---|
| REVENUE | $123M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $106M |
| R&D Expenses | $44M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $86M |
| Other Expenses | $0 |
| Operating Expenses | $130M |
| Cost & Expenses | $147M |
| OPERATING INCOME | -$24M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $919.0K |
| INCOME BEFORE TAX | -$23M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | -$29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$29M |
| D&A | $5M |
| EBIT | -$23M |
| EBITDA | -$18M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$29M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $40M |
| Change in Working Capital | -$18M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $21.0K |
| Purchases of Investments | -$38M |
| Sales/Maturities of Investments | $38M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$663.0K |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $754M |
| Short-Term Investments | $36M |
| Net Receivables | $92M |
| Inventory | $0 |
| Other Current Assets | $35M |
| TOTAL CURRENT ASSETS | $917M |
| PP&E (Net) | $97M |
| Goodwill | $23M |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $19M |
| TOTAL NON-CURRENT ASSETS | $142M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $6M |
| Short-Term Debt | $10M |
| Deferred Revenue | $94M |
| Other Current Liabilities | $100M |
| TOTAL CURRENT LIABILITIES | $209M |
| Long-Term Debt | $249M |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $317M |
| TOTAL LIABILITIES | $526M |
| Common Stock | $110.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$533M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$12M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $532M |
| Minority Interest | $0 |
| TOTAL EQUITY | $532M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $317M |
| Net Debt | -$437M |
