| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | $3M | $0 | 23.5% | — |
| Op. Income | -$15M | -$18M | -$87M | 18.1% | 82.8% |
| Gross Margin | 86.0% | 90.1% | — | -4.0pp | — |
| Net Margin | -341.0% | -531.5% | — | 190.6pp | — |
| EPS (Diluted) | $-0.68 | $-0.87 | $-4.17 | 21.8% | 83.7% |
| Free Cash Flow | -$8M | -$11M | -$17M | 24.3% | 52.2% |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $593.0K |
| GROSS PROFIT | $4M |
| R&D Expenses | $9M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $19M |
| Cost & Expenses | $19M |
| OPERATING INCOME | -$15M |
| Interest Income | $620.0K |
| Interest Expense | $58.0K |
| Other Income/Expenses | $562.0K |
| INCOME BEFORE TAX | -$14M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$14M |
| D&A | $12.0K |
| EBIT | -$14M |
| EBITDA | -$14M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $12.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$151.0K |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$102.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$48M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$48M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $73M |
| NET CASH FROM FINANCING | $73M |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | $16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $135M |
| Short-Term Investments | $48M |
| Net Receivables | $2M |
| Inventory | $734.0K |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $190M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $4M |
| TOTAL ASSETS | $194M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $18M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $7M |
| TOTAL LIABILITIES | $25M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $358M |
| Retained Earnings | -$189M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$99.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $169M |
| Minority Interest | $0 |
| TOTAL EQUITY | $169M |
| TOTAL LIABILITIES & EQUITY | $194M |
| Total Debt | $2M |
| Net Debt | -$133M |
