| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9M | $56M | $15M | -83.8% | -38.7% |
| Op. Income | -$51M | -$4M | -$48M | -1309.4% | -5.9% |
| Gross Margin | -408.6% | 17.9% | -225.5% | -426.5pp | -183.1pp |
| Net Margin | -488.3% | 2.4% | -310.7% | -490.7pp | -177.5pp |
| EPS (Diluted) | $-0.53 | $0.02 | $-0.56 | -3331.7% | 5.4% |
| Free Cash Flow | -$46M | -$44M | -$51M | -5.0% | 8.9% |
| Item | Amount |
|---|---|
| REVENUE | $9M |
| Cost of Revenue | $46M |
| GROSS PROFIT | -$37M |
| R&D Expenses | $54M |
| Selling & Marketing | $0 |
| General & Administrative | $13M |
| SG&A Expenses | $13M |
| Other Expenses | -$54M |
| Operating Expenses | $13M |
| Cost & Expenses | $60M |
| OPERATING INCOME | -$51M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | -$43M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$44M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$44M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$44M |
| D&A | $1M |
| EBIT | -$51M |
| EBITDA | -$49M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$44M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $13M |
| Other Non-Cash Items | -$18M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | -$47M |
| Capital Expenditure | $94.0K |
| Acquisitions (Net) | -$17M |
| Purchases of Investments | -$146M |
| Sales/Maturities of Investments | $163M |
| Other Investing Activities | $17M |
| NET CASH FROM INVESTING | $17M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$46M |
| Net Change in Cash | -$30M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $102M |
| Short-Term Investments | $487M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $613M |
| PP&E (Net) | $49M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $59M |
| TOTAL ASSETS | $672M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $104M |
| TOTAL CURRENT LIABILITIES | $155M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $323M |
| TOTAL NON-CURRENT LIABILITIES | $354M |
| TOTAL LIABILITIES | $510M |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $832M |
| Retained Earnings | -$669M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$721.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $163M |
| Minority Interest | $0 |
| TOTAL EQUITY | $163M |
| TOTAL LIABILITIES & EQUITY | $672M |
| Total Debt | $40M |
| Net Debt | -$62M |
