| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $7M | $970.0K | -79.8% | 41.6% |
| Op. Income | -$44M | -$26M | -$32M | -71.0% | -39.9% |
| Gross Margin | -2444.2% | -243.3% | -2221.2% | -2200.8pp | -222.9pp |
| Net Margin | -3220.9% | -388.0% | -3737.6% | -2832.9pp | 516.7pp |
| EPS (Diluted) | $-1.73 | $-0.93 | $-1.47 | -86.0% | -17.7% |
| Free Cash Flow | -$25M | -$11M | -$21M | -127.8% | -17.4% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $35M |
| GROSS PROFIT | -$34M |
| R&D Expenses | $35M |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | -$35M |
| Operating Expenses | $11M |
| Cost & Expenses | $46M |
| OPERATING INCOME | -$44M |
| Interest Income | $4M |
| Interest Expense | $4M |
| Other Income/Expenses | $146.0K |
| INCOME BEFORE TAX | -$44M |
| Income Tax Expense | $0 |
| 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 | $593.0K |
| EBIT | -$40M |
| EBITDA | -$39M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$44M |
| Depreciation & Amortization | $593.0K |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | -$25M |
| Capital Expenditure | -$175.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$49M |
| Sales/Maturities of Investments | $134M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $85M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$38M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$38M |
| FREE CASH FLOW | -$25M |
| Net Change in Cash | $23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $95M |
| Short-Term Investments | $337M |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $437M |
| PP&E (Net) | $19M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $95M |
| Tax Assets | $0 |
| Other Non-Current Assets | $256.0K |
| TOTAL NON-CURRENT ASSETS | $115M |
| TOTAL ASSETS | $552M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $36M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $308M |
| TOTAL NON-CURRENT LIABILITIES | $325M |
| TOTAL LIABILITIES | $361M |
| Common Stock | $27.0K |
| Additional Paid-In Capital | $689M |
| Retained Earnings | -$495M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $191M |
| Minority Interest | $0 |
| TOTAL EQUITY | $191M |
| TOTAL LIABILITIES & EQUITY | $552M |
| Total Debt | $19M |
| Net Debt | -$76M |
