Q3 2023 Earnings

Reported September 30, 2023

Quarter Comparison

Revenue

Operating Income

EPS (Diluted)

Free Cash Flow

Metric	Q3 2023	Q2 2023	Q3 2022	QoQ Change	YoY Change
Revenue	$0	$0	—	—	—
Op. Income	-$44M	-$38M	—	-16.3%	—
EPS (Diluted)	$-1.13	$-0.70	—	-61.4%	—
Free Cash Flow	-$35M	-$29M	—	-21.5%	—

Income Statement

Item	Amount
REVENUE	$0
Cost of Revenue	$0
GROSS PROFIT	$0
R&D Expenses	$38M
Selling & Marketing	$0
General & Administrative	$6M
SG&A Expenses	$6M
Other Expenses	$0
Operating Expenses	$44M
Cost & Expenses	$44M
OPERATING INCOME	-$44M
Interest Income	$951.0K
Interest Expense	$0
Other Income/Expenses	$382.0K
INCOME BEFORE TAX	-$43M
Income Tax Expense	$0
Net Income from Continuing Ops	-$43M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$43M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$43M
D&A	$318.0K
EBIT	-$44M
EBITDA	-$43M
EPS	-$1
EPS Diluted	-$1

Cash Flow Statement

Item	Amount
Net Income	-$43M
Depreciation & Amortization	$318.0K
Stock-Based Compensation	$2M
Deferred Income Tax	$0
Other Non-Cash Items	$2M
Change in Working Capital	$6M
OPERATING CASH FLOW	-$33M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$5.0K
Sales/Maturities of Investments	$10M
Other Investing Activities	$0
NET CASH FROM INVESTING	$8M
Net Debt Issuance	$0
Common Stock Repurchased	-$13.0K
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	$47.0K
FREE CASH FLOW	-$35M
Net Change in Cash	-$26M