| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $3M | $1M | -4.1% | 156.6% |
| Op. Income | -$38M | -$40M | -$30M | 6.0% | -27.3% |
| Gross Margin | -830.6% | -851.5% | -1606.4% | 20.9pp | 775.8pp |
| Net Margin | -1124.4% | -1151.6% | -2591.0% | 27.2pp | 1466.6pp |
| EPS (Diluted) | $-1.41 | $-1.50 | $-1.32 | 6.0% | -6.8% |
| Free Cash Flow | -$37M | -$26M | -$18M | -43.1% | -105.9% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $31M |
| GROSS PROFIT | -$28M |
| R&D Expenses | $31M |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | -$31M |
| Operating Expenses | $10M |
| Cost & Expenses | $41M |
| OPERATING INCOME | -$38M |
| Interest Income | $5M |
| Interest Expense | $4M |
| Other Income/Expenses | $424.0K |
| INCOME BEFORE TAX | -$37M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$37M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$37M |
| D&A | $592.0K |
| EBIT | -$33M |
| EBITDA | -$32M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$37M |
| Depreciation & Amortization | $592.0K |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | -$36M |
| Capital Expenditure | -$162.0K |
| Acquisitions (Net) | -$31M |
| Purchases of Investments | -$70M |
| Sales/Maturities of Investments | $101M |
| Other Investing Activities | $31M |
| NET CASH FROM INVESTING | $31M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | -$37M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $26M |
| Short-Term Investments | $387M |
| Net Receivables | $3M |
| Inventory | $0 |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $428M |
| PP&E (Net) | $19M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $40M |
| Tax Assets | $0 |
| Other Non-Current Assets | $256.0K |
| TOTAL NON-CURRENT ASSETS | $59M |
| TOTAL ASSETS | $487M |
| Account Payables | $7M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $39M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $311M |
| TOTAL NON-CURRENT LIABILITIES | $328M |
| TOTAL LIABILITIES | $367M |
| Common Stock | $27.0K |
| Additional Paid-In Capital | $695M |
| Retained Earnings | -$572M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $120M |
| Minority Interest | $0 |
| TOTAL EQUITY | $120M |
| TOTAL LIABILITIES & EQUITY | $487M |
| Total Debt | $18M |
| Net Debt | -$8M |
