| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $758M | $330M | — | 129.7% | — |
| Op. Income | -$219M | -$81M | — | -172.0% | — |
| Gross Margin | 24.3% | 89.1% | — | -64.8pp | — |
| Net Margin | -20.5% | -22.0% | — | 1.5pp | — |
| EPS (Diluted) | $-2.95 | $-1.25 | — | -136.0% | — |
| Free Cash Flow | -$135M | — | — | — | — |
| Item | Amount |
|---|---|
| REVENUE | $758M |
| Cost of Revenue | $574M |
| GROSS PROFIT | $184M |
| R&D Expenses | $397M |
| Selling & Marketing | $202M |
| General & Administrative | $199M |
| SG&A Expenses | $401M |
| Other Expenses | -$696.0K |
| Operating Expenses | $797M |
| Cost & Expenses | $977M |
| OPERATING INCOME | -$219M |
| Interest Income | $26M |
| Interest Expense | $278.0K |
| Other Income/Expenses | $75M |
| INCOME BEFORE TAX | -$144M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | -$156M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$156M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$172M |
| D&A | $103M |
| EBIT | -$142M |
| EBITDA | -$38M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$156M |
| Depreciation & Amortization | $109M |
| Stock-Based Compensation | $131M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $669.0K |
| Change in Working Capital | -$219M |
| OPERATING CASH FLOW | -$135M |
| Capital Expenditure | -$333.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.0B |
| Sales/Maturities of Investments | $765M |
| Other Investing Activities | $23M |
| NET CASH FROM INVESTING | -$219M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$12M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$17M |
| NET CASH FROM FINANCING | $1.3B |
| FREE CASH FLOW | -$135M |
| Net Change in Cash | $938M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.0B |
| Short-Term Investments | $1.1B |
| Net Receivables | $499M |
| Inventory | $311M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.1B |
| PP&E (Net) | $23M |
| Goodwill | $0 |
| Intangible Assets | $125M |
| Long-Term Investments | $47M |
| Tax Assets | $97M |
| Other Non-Current Assets | $126M |
| TOTAL NON-CURRENT ASSETS | $419M |
| TOTAL ASSETS | $4.5B |
| Account Payables | $246M |
| Short-Term Debt | $5M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $73M |
| TOTAL CURRENT LIABILITIES | $423M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5M |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $22M |
| TOTAL LIABILITIES | $445M |
| Common Stock | $7M |
| Additional Paid-In Capital | $5.7B |
| Retained Earnings | -$2.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $72M |
| Other Equity | $772M |
| TOTAL STOCKHOLDERS' EQUITY | $4.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.1B |
| TOTAL LIABILITIES & EQUITY | $4.5B |
| Total Debt | $20M |
| Net Debt | -$2.0B |
