| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $18M | $4M | $19M | 302.7% | -6.6% |
| Op. Income | -$89M | -$93M | -$62M | 4.5% | -42.6% |
| Gross Margin | -105.3% | -552.3% | -18.9% | 447.0pp | -86.4pp |
| Net Margin | -1058.6% | 4286.3% | -45.1% | -5344.9pp | -1013.5pp |
| EPS (Diluted) | $-0.70 | $0.83 | $-0.04 | -184.3% | -1509.2% |
| Free Cash Flow | -$124M | -$53M | -$118M | -133.1% | -4.6% |
| Item | Amount |
|---|---|
| REVENUE | $18M |
| Cost of Revenue | $37M |
| GROSS PROFIT | -$19M |
| R&D Expenses | $53M |
| Selling & Marketing | $0 |
| General & Administrative | $17M |
| SG&A Expenses | $17M |
| Other Expenses | -$11.0K |
| Operating Expenses | $70M |
| Cost & Expenses | $106M |
| OPERATING INCOME | -$89M |
| Interest Income | $0 |
| Interest Expense | $44M |
| Other Income/Expenses | -$117M |
| INCOME BEFORE TAX | -$206M |
| Income Tax Expense | -$17M |
| Net Income from Continuing Ops | -$188M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$188M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$188M |
| D&A | $7M |
| EBIT | -$156M |
| EBITDA | -$149M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$188M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $99M |
| Change in Working Capital | -$37M |
| OPERATING CASH FLOW | -$117M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | $136M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $25.0K |
| NET CASH FROM FINANCING | $136M |
| FREE CASH FLOW | -$124M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $68M |
| Short-Term Investments | $0 |
| Net Receivables | $42M |
| Inventory | $82M |
| Other Current Assets | $36M |
| TOTAL CURRENT ASSETS | $228M |
| PP&E (Net) | $343M |
| Goodwill | $12M |
| Intangible Assets | $20M |
| Long-Term Investments | $42M |
| Tax Assets | $278M |
| Other Non-Current Assets | $35M |
| TOTAL NON-CURRENT ASSETS | $730M |
| TOTAL ASSETS | $959M |
| Account Payables | $53M |
| Short-Term Debt | $14M |
| Deferred Revenue | $53M |
| Other Current Liabilities | $57M |
| TOTAL CURRENT LIABILITIES | $187M |
| Long-Term Debt | $898M |
| Deferred Revenue NC | $73M |
| Deferred Tax Liabilities | $63.0K |
| Other Non-Current Liabilities | $367M |
| 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 | $41M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$661M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$661M |
| TOTAL LIABILITIES & EQUITY | $959M |
| Total Debt | $1.0B |
| Net Debt | $947M |
