| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $9M | $1M | -20.3% | 422.5% |
| Op. Income | -$42M | -$42M | -$44M | -0.2% | 5.0% |
| Gross Margin | -416.0% | -272.3% | -2444.2% | -143.7pp | 2028.2pp |
| Net Margin | -612.0% | -468.8% | -3220.9% | -143.3pp | 2608.9pp |
| EPS (Diluted) | $-1.64 | $-1.57 | $-1.73 | -4.5% | 5.2% |
| Free Cash Flow | -$37M | -$35M | -$25M | -7.7% | -50.7% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $37M |
| GROSS PROFIT | -$30M |
| R&D Expenses | $37M |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | -$37M |
| Operating Expenses | $12M |
| Cost & Expenses | $49M |
| OPERATING INCOME | -$42M |
| Interest Income | $5M |
| Interest Expense | $6M |
| Other Income/Expenses | -$2M |
| 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 | $605.0K |
| EBIT | -$38M |
| EBITDA | -$37M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$44M |
| Depreciation & Amortization | $605.0K |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | -$37M |
| Capital Expenditure | -$27.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$59M |
| Sales/Maturities of Investments | $128M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $69M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$14M |
| NET CASH FROM FINANCING | -$14M |
| FREE CASH FLOW | -$37M |
| Net Change in Cash | $18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $54M |
| Short-Term Investments | $301M |
| Net Receivables | $7M |
| Inventory | $0 |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $372M |
| PP&E (Net) | $18M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $15M |
| Tax Assets | $0 |
| Other Non-Current Assets | $256.0K |
| TOTAL NON-CURRENT ASSETS | $33M |
| TOTAL ASSETS | $406M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $22M |
| TOTAL CURRENT LIABILITIES | $32M |
| Long-Term Debt | $310M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $326M |
| TOTAL LIABILITIES | $358M |
| Common Stock | $27.0K |
| Additional Paid-In Capital | $706M |
| Retained Earnings | -$658M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$624.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $48M |
| Minority Interest | $0 |
| TOTAL EQUITY | $48M |
| TOTAL LIABILITIES & EQUITY | $406M |
| Total Debt | $328M |
| Net Debt | $274M |
