| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | $7M | $6M | 15.3% | 46.0% |
| Op. Income | -$92M | -$106M | -$91M | 13.4% | -1.6% |
| Gross Margin | 75.9% | 72.0% | 11.7% | 3.9pp | 64.2pp |
| Net Margin | -995.8% | -1350.7% | -1444.4% | 354.9pp | 448.6pp |
| EPS (Diluted) | $-1.45 | $-1.72 | $-1.29 | 15.7% | -12.4% |
| Free Cash Flow | -$100M | -$73M | -$96M | -37.5% | -4.6% |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $6M |
| R&D Expenses | $67M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $31M |
| Other Expenses | $0 |
| Operating Expenses | $98M |
| Cost & Expenses | $100M |
| OPERATING INCOME | -$92M |
| Interest Income | $9M |
| Interest Expense | $0 |
| Other Income/Expenses | $11M |
| INCOME BEFORE TAX | -$82M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$82M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$82M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$82M |
| D&A | $1M |
| EBIT | -$92M |
| EBITDA | -$91M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$82M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $85.0K |
| Change in Working Capital | -$29M |
| OPERATING CASH FLOW | -$100M |
| Capital Expenditure | -$141.0K |
| Acquisitions (Net) | $40.0K |
| Purchases of Investments | -$244M |
| Sales/Maturities of Investments | $369M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $125M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | -$100M |
| Net Change in Cash | $31M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $119M |
| Short-Term Investments | $479M |
| Net Receivables | $3M |
| Inventory | $23M |
| Other Current Assets | $39M |
| TOTAL CURRENT ASSETS | $664M |
| PP&E (Net) | $66M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $116M |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $186M |
| TOTAL ASSETS | $850M |
| Account Payables | $11M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $52M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $54M |
| TOTAL LIABILITIES | $106M |
| Common Stock | $73.0K |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | -$904M |
| Treasury Stock | -$802M |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $744M |
| Minority Interest | $0 |
| TOTAL EQUITY | $744M |
| TOTAL LIABILITIES & EQUITY | $850M |
| Total Debt | $68M |
| Net Debt | -$50M |
