| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $16M | $24M | $452.0K | -33.5% | 3409.7% |
| Op. Income | -$96M | -$81M | -$72M | -19.2% | -33.2% |
| Gross Margin | -146.4% | -20.4% | -286.7% | -126.0pp | 140.3pp |
| Net Margin | -1740.9% | -1343.4% | -17030.8% | -397.5pp | 15289.8pp |
| EPS (Diluted) | $-1.05 | $-1.29 | $-0.32 | 18.6% | -228.1% |
| Free Cash Flow | -$100M | -$75M | -$50M | -33.6% | -98.3% |
| Item | Amount |
|---|---|
| REVENUE | $16M |
| Cost of Revenue | $39M |
| GROSS PROFIT | -$23M |
| R&D Expenses | $51M |
| Selling & Marketing | $0 |
| General & Administrative | $22M |
| SG&A Expenses | $22M |
| Other Expenses | -$19.0K |
| Operating Expenses | $73M |
| Cost & Expenses | $112M |
| OPERATING INCOME | -$96M |
| Interest Income | $1M |
| Interest Expense | $208M |
| Other Income/Expenses | -$209M |
| INCOME BEFORE TAX | -$306M |
| Income Tax Expense | -$29M |
| Net Income from Continuing Ops | -$276M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$276M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$276M |
| D&A | $5M |
| EBIT | -$97M |
| EBITDA | -$92M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$276M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$29M |
| Other Non-Cash Items | $232M |
| Change in Working Capital | -$18M |
| OPERATING CASH FLOW | -$86M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$14M |
| Net Debt Issuance | $8M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $147M |
| FREE CASH FLOW | -$100M |
| Net Change in Cash | $49M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $116M |
| Short-Term Investments | $0 |
| Net Receivables | $46M |
| Inventory | $75M |
| Other Current Assets | $32M |
| TOTAL CURRENT ASSETS | $269M |
| PP&E (Net) | $272M |
| Goodwill | $12M |
| Intangible Assets | $15M |
| Long-Term Investments | $48M |
| Tax Assets | $240M |
| Other Non-Current Assets | $40M |
| TOTAL NON-CURRENT ASSETS | $626M |
| TOTAL ASSETS | $895M |
| Account Payables | $30M |
| Short-Term Debt | $23M |
| Deferred Revenue | $25M |
| Other Current Liabilities | $76M |
| TOTAL CURRENT LIABILITIES | $160M |
| Long-Term Debt | $771M |
| Deferred Revenue NC | $55M |
| Deferred Tax Liabilities | $166.0K |
| Other Non-Current Liabilities | $529M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $37M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$656M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$656M |
| TOTAL LIABILITIES & EQUITY | $895M |
| Total Debt | $836M |
| Net Debt | $720M |
