| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $7M | $4M | -4.0% | 64.8% |
| Op. Income | -$106M | -$101M | -$99M | -5.3% | -7.2% |
| Gross Margin | 72.0% | 91.4% | -11.1% | -19.4pp | 83.1pp |
| Net Margin | -1350.7% | -1234.3% | 847.5% | -116.4pp | -2198.2pp |
| EPS (Diluted) | $-1.72 | $-1.64 | $3.14 | -4.9% | -154.8% |
| Free Cash Flow | -$73M | -$62M | -$66M | -17.3% | -9.7% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $5M |
| R&D Expenses | $76M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $35M |
| Other Expenses | $0 |
| Operating Expenses | $111M |
| Cost & Expenses | $113M |
| OPERATING INCOME | -$106M |
| Interest Income | $9M |
| Interest Expense | $0 |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | -$96M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$96M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$96M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$96M |
| D&A | $1M |
| EBIT | -$106M |
| EBITDA | -$105M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$96M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | -$24M |
| Other Non-Cash Items | $26M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | -$72M |
| Capital Expenditure | -$234.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$90M |
| Sales/Maturities of Investments | $186M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $96M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $847.0K |
| FREE CASH FLOW | -$73M |
| Net Change in Cash | $24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $88M |
| Short-Term Investments | $689M |
| Net Receivables | $3M |
| Inventory | $19M |
| Other Current Assets | $35M |
| TOTAL CURRENT ASSETS | $834M |
| PP&E (Net) | $70M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $29M |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $103M |
| TOTAL ASSETS | $937M |
| Account Payables | $10M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $23M |
| TOTAL CURRENT LIABILITIES | $68M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $58M |
| TOTAL LIABILITIES | $126M |
| Common Stock | $72.0K |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | -$823M |
| Treasury Stock | -$802M |
| Accum. Other Comp. Income | -$441.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $811M |
| Minority Interest | $0 |
| TOTAL EQUITY | $811M |
| TOTAL LIABILITIES & EQUITY | $937M |
| Total Debt | $72M |
| Net Debt | -$16M |
