| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $18M | — | $9M | — | 94.9% |
| Op. Income | -$24M | — | -$84M | — | 71.7% |
| Gross Margin | 100.0% | — | 100.0% | — | 0.0pp |
| Net Margin | -104.6% | — | -860.6% | — | 756.0pp |
| EPS (Diluted) | $-0.54 | — | $-2.31 | — | 76.6% |
| Free Cash Flow | -$29M | — | -$49M | — | 42.1% |
| Item | Amount |
|---|---|
| REVENUE | $18M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $18M |
| R&D Expenses | $37M |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | -$3M |
| Operating Expenses | $42M |
| Cost & Expenses | $42M |
| OPERATING INCOME | -$24M |
| Interest Income | $4M |
| Interest Expense | $1M |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | -$17M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$19M |
| D&A | $1M |
| EBIT | -$16M |
| EBITDA | -$15M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$19M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$17M |
| OPERATING CASH FLOW | -$28M |
| Capital Expenditure | -$85.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$47M |
| Sales/Maturities of Investments | $47M |
| Other Investing Activities | $7.7K |
| NET CASH FROM INVESTING | -$77.4K |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $5.5K |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | -$29M |
| Net Change in Cash | -$34M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $110M |
| Short-Term Investments | $0 |
| Net Receivables | $222.0K |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $113M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $84.9K |
| TOTAL NON-CURRENT ASSETS | $2M |
| TOTAL ASSETS | $116M |
| Account Payables | $3M |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $119.7K |
| TOTAL CURRENT LIABILITIES | $31M |
| Long-Term Debt | $14M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $14M |
| TOTAL LIABILITIES | $45M |
| Common Stock | $5.5K |
| Additional Paid-In Capital | $350M |
| Retained Earnings | -$278M |
| Treasury Stock | -$4 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $71M |
| Minority Interest | $0 |
| TOTAL EQUITY | $71M |
| TOTAL LIABILITIES & EQUITY | $116M |
| Total Debt | $22M |
| Net Debt | -$88M |
