| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | — | — |
| Op. Income | -$46M | -$181M | -$94M | 74.5% | 50.7% |
| EPS (Diluted) | $-0.19 | $-0.73 | $-0.38 | 74.0% | 50.0% |
| Free Cash Flow | -$83M | -$65M | -$52M | -26.7% | -57.9% |
| Item | Amount |
|---|---|
| REVENUE | $0 |
| Cost of Revenue | $2M |
| GROSS PROFIT | -$2M |
| R&D Expenses | $66M |
| Selling & Marketing | $0 |
| General & Administrative | -$22M |
| SG&A Expenses | -$22M |
| Other Expenses | -$100.0K |
| Operating Expenses | $44M |
| Cost & Expenses | $46M |
| OPERATING INCOME | -$46M |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | -$52M |
| Income Tax Expense | $100.0K |
| NET INCOME | -$52M |
| D&A | $2M |
| EBIT | -$46M |
| EBITDA | -$44M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$52M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | -$27M |
| Deferred Income Tax | $15M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | -$67M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | $137M |
| FREE CASH FLOW | -$83M |
| Net Change in Cash | $54M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $461M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $476M |
| PP&E (Net) | $59M |
| Goodwill | $0 |
| Intangible Assets | $400.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $64M |
| TOTAL ASSETS | $540M |
| Account Payables | $16M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $117M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $45M |
| TOTAL NON-CURRENT LIABILITIES | $58M |
| TOTAL LIABILITIES | $175M |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | -$1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $365M |
| Minority Interest | $0 |
| TOTAL EQUITY | $365M |
| TOTAL LIABILITIES & EQUITY | $540M |
| Total Debt | $19M |
| Net Debt | -$443M |
