| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9M | $3M | $7M | 171.4% | 32.3% |
| Op. Income | -$42M | -$38M | -$26M | -11.7% | -62.2% |
| Gross Margin | -272.3% | -830.6% | -243.3% | 558.3pp | -29.0pp |
| Net Margin | -468.8% | -1124.4% | -388.0% | 655.7pp | -80.8pp |
| EPS (Diluted) | $-1.57 | $-1.41 | $-0.93 | -11.3% | -68.8% |
| Free Cash Flow | -$35M | -$37M | -$11M | 5.5% | -218.9% |
| Item | Amount |
|---|---|
| REVENUE | $9M |
| Cost of Revenue | $34M |
| GROSS PROFIT | -$25M |
| R&D Expenses | $41M |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | -$34M |
| Operating Expenses | $18M |
| Cost & Expenses | $51M |
| OPERATING INCOME | -$42M |
| Interest Income | $5M |
| Interest Expense | $5M |
| Other Income/Expenses | -$80.0K |
| INCOME BEFORE TAX | -$42M |
| Income Tax Expense | -$4.0K |
| Net Income from Continuing Ops | -$42M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$42M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$42M |
| D&A | $165.0K |
| EBIT | -$35M |
| EBITDA | -$35M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$42M |
| Depreciation & Amortization | $604.0K |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$34M |
| Capital Expenditure | -$280.0K |
| Acquisitions (Net) | -$49M |
| Purchases of Investments | -$66M |
| Sales/Maturities of Investments | $116M |
| Other Investing Activities | $49M |
| NET CASH FROM INVESTING | $49M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | -$35M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $36M |
| Short-Term Investments | $355M |
| Net Receivables | $7M |
| Inventory | $0 |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $407M |
| PP&E (Net) | $18M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $27M |
| Tax Assets | $0 |
| Other Non-Current Assets | $256.0K |
| TOTAL NON-CURRENT ASSETS | $46M |
| TOTAL ASSETS | $452M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $37M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $311M |
| TOTAL NON-CURRENT LIABILITIES | $327M |
| TOTAL LIABILITIES | $364M |
| Common Stock | $27.0K |
| Additional Paid-In Capital | $703M |
| Retained Earnings | -$614M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$797.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $88M |
| Minority Interest | $0 |
| TOTAL EQUITY | $88M |
| TOTAL LIABILITIES & EQUITY | $452M |
| Total Debt | $18M |
| Net Debt | -$18M |
