| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | — | $1M | — | 147.5% |
| Op. Income | -$47M | — | -$51M | — | 7.4% |
| Gross Margin | 54.1% | — | 68.2% | — | -14.0pp |
| Net Margin | -1548.2% | — | -2807.4% | — | 1259.1pp |
| EPS (Diluted) | $-2.53 | — | $-5.53 | — | 54.2% |
| Free Cash Flow | -$37M | — | -$44M | — | 14.4% |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $2M |
| R&D Expenses | $31M |
| Selling & Marketing | $0 |
| General & Administrative | $19M |
| SG&A Expenses | $19M |
| Other Expenses | -$1M |
| Operating Expenses | $49M |
| Cost & Expenses | $51M |
| OPERATING INCOME | -$47M |
| Interest Income | $2M |
| Interest Expense | $418.0K |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | -$54M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$54M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$54M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$54M |
| D&A | $3M |
| EBIT | -$54M |
| EBITDA | -$51M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$54M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$37M |
| Capital Expenditure | -$331.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$52M |
| Sales/Maturities of Investments | $52M |
| Other Investing Activities | $204.0K |
| NET CASH FROM INVESTING | $208.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$332.0K |
| NET CASH FROM FINANCING | $37M |
| FREE CASH FLOW | -$37M |
| Net Change in Cash | $256.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14M |
| Short-Term Investments | $38M |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $338.0K |
| TOTAL CURRENT ASSETS | $56M |
| PP&E (Net) | $8M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $277.0K |
| TOTAL NON-CURRENT ASSETS | $8M |
| TOTAL ASSETS | $64M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $13M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $31M |
| TOTAL NON-CURRENT LIABILITIES | $36M |
| TOTAL LIABILITIES | $49M |
| Common Stock | $265.0K |
| Additional Paid-In Capital | $764M |
| Retained Earnings | -$750M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$66.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $15M |
| Minority Interest | $0 |
| TOTAL EQUITY | $15M |
| TOTAL LIABILITIES & EQUITY | $64M |
| Total Debt | $5M |
| Net Debt | -$9M |
