| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | — | $3M | — | 3.5% |
| Op. Income | -$108M | — | -$45M | — | -138.3% |
| Gross Margin | 100.0% | — | 100.0% | — | 0.0pp |
| Net Margin | -4118.1% | — | -1792.4% | — | -2325.7pp |
| EPS (Diluted) | $-2.31 | — | $-2.12 | — | -9.4% |
| Free Cash Flow | -$83M | — | -$51M | — | -63.1% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $442.0K |
| GROSS PROFIT | $3M |
| R&D Expenses | $82M |
| Selling & Marketing | $7M |
| General & Administrative | $18M |
| SG&A Expenses | $25M |
| Other Expenses | $0 |
| Operating Expenses | $108M |
| Cost & Expenses | $108M |
| OPERATING INCOME | -$108M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | -$115M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | -$112M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$112M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$112M |
| D&A | $442.0K |
| EBIT | -$108M |
| EBITDA | -$108M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$112M |
| Depreciation & Amortization | $442.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $14M |
| Change in Working Capital | $14M |
| OPERATING CASH FLOW | -$83M |
| Capital Expenditure | -$136.8K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$11M |
| Sales/Maturities of Investments | $799.7K |
| Other Investing Activities | $1.2K |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $260M |
| NET CASH FROM FINANCING | $260M |
| FREE CASH FLOW | -$83M |
| Net Change in Cash | $161M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $295M |
| Short-Term Investments | $11M |
| Net Receivables | $22M |
| Inventory | $0 |
| Other Current Assets | -$1.2K |
| TOTAL CURRENT ASSETS | $334M |
| PP&E (Net) | $1M |
| Goodwill | $22M |
| Intangible Assets | $8M |
| Long-Term Investments | $145.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $18M |
| TOTAL NON-CURRENT ASSETS | $48M |
| TOTAL ASSETS | $382M |
| Account Payables | $55M |
| Short-Term Debt | $36M |
| Deferred Revenue | $60.8K |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $103M |
| Long-Term Debt | $31M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $19M |
| TOTAL NON-CURRENT LIABILITIES | $50M |
| TOTAL LIABILITIES | $153M |
| Common Stock | $735.4K |
| Additional Paid-In Capital | $559M |
| Retained Earnings | -$331M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $130.9K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $229M |
| Minority Interest | $0 |
| TOTAL EQUITY | $229M |
| TOTAL LIABILITIES & EQUITY | $382M |
| Total Debt | $68M |
| Net Debt | -$227M |
