| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $24M | $19M | $35M | 25.2% | -31.4% |
| Op. Income | -$81M | -$62M | $15M | -30.0% | -655.9% |
| Gross Margin | -20.4% | -18.9% | 100.0% | -1.5pp | -120.4pp |
| Net Margin | -1343.4% | -45.1% | 729.9% | -1298.2pp | -2073.3pp |
| EPS (Diluted) | $-1.29 | $-0.04 | $-0.13 | -2865.5% | -892.3% |
| Free Cash Flow | -$75M | -$118M | -$101M | 36.8% | 26.3% |
| Item | Amount |
|---|---|
| REVENUE | $24M |
| Cost of Revenue | $29M |
| GROSS PROFIT | -$5M |
| R&D Expenses | $47M |
| Selling & Marketing | $0 |
| General & Administrative | $30M |
| SG&A Expenses | $30M |
| Other Expenses | -$2M |
| Operating Expenses | $76M |
| Cost & Expenses | $105M |
| OPERATING INCOME | -$81M |
| Interest Income | $0 |
| Interest Expense | $119M |
| Other Income/Expenses | -$263M |
| INCOME BEFORE TAX | -$344M |
| Income Tax Expense | -$23M |
| Net Income from Continuing Ops | -$321M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$321M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$321M |
| D&A | $5M |
| EBIT | -$225M |
| EBITDA | -$219M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$321M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | -$23M |
| Other Non-Cash Items | $241M |
| Change in Working Capital | $23M |
| OPERATING CASH FLOW | -$64M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | $128M |
| Common Stock Repurchased | -$10M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $10M |
| NET CASH FROM FINANCING | $128M |
| FREE CASH FLOW | -$75M |
| Net Change in Cash | $54M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $66M |
| Short-Term Investments | $0 |
| Net Receivables | $71M |
| Inventory | $71M |
| Other Current Assets | $851.0K |
| TOTAL CURRENT ASSETS | $231M |
| PP&E (Net) | $268M |
| Goodwill | $12M |
| Intangible Assets | $26M |
| Long-Term Investments | $49M |
| Tax Assets | $209M |
| Other Non-Current Assets | $34M |
| TOTAL NON-CURRENT ASSETS | $598M |
| TOTAL ASSETS | $828M |
| Account Payables | $49M |
| Short-Term Debt | $20M |
| Deferred Revenue | $37M |
| Other Current Liabilities | $17M |
| TOTAL CURRENT LIABILITIES | $167M |
| Long-Term Debt | $745M |
| Deferred Revenue NC | $57M |
| Deferred Tax Liabilities | $309.0K |
| Other Non-Current Liabilities | $388M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $29M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$564M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$564M |
| TOTAL LIABILITIES & EQUITY | $828M |
| Total Debt | $805M |
| Net Debt | $739M |
