| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $3M | $0 | -6.1% | — |
| Op. Income | -$76M | -$68M | -$63M | -11.5% | -21.8% |
| Gross Margin | 71.8% | 83.6% | — | -11.8pp | — |
| Net Margin | -2867.2% | -2432.3% | — | -435.0pp | — |
| EPS (Diluted) | $-1.30 | $-1.24 | $-1.31 | -4.8% | 0.8% |
| Free Cash Flow | -$80M | -$71M | -$57M | -13.0% | -40.9% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $783.0K |
| GROSS PROFIT | $2M |
| R&D Expenses | $35M |
| Selling & Marketing | $37M |
| General & Administrative | $6M |
| SG&A Expenses | $43M |
| Other Expenses | $0 |
| Operating Expenses | $78M |
| Cost & Expenses | $79M |
| OPERATING INCOME | -$76M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$80M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$80M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$80M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$80M |
| D&A | $363.0K |
| EBIT | -$73M |
| EBITDA | -$73M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$80M |
| Depreciation & Amortization | $363.0K |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | -$80M |
| Capital Expenditure | -$82.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$40M |
| Sales/Maturities of Investments | $148M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $108M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $100.0K |
| NET CASH FROM FINANCING | $100.0K |
| FREE CASH FLOW | -$80M |
| Net Change in Cash | $27M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $81M |
| Short-Term Investments | $251M |
| Net Receivables | $13M |
| Inventory | $9M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $368M |
| PP&E (Net) | $5M |
| Goodwill | $0 |
| Intangible Assets | $7M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $78.0K |
| TOTAL NON-CURRENT ASSETS | $12M |
| TOTAL ASSETS | $379M |
| Account Payables | $12M |
| Short-Term Debt | $676.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $17M |
| TOTAL CURRENT LIABILITIES | $37M |
| Long-Term Debt | $199M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $203M |
| TOTAL LIABILITIES | $240M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $940M |
| Retained Earnings | -$800M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$414.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $140M |
| Minority Interest | $0 |
| TOTAL EQUITY | $140M |
| TOTAL LIABILITIES & EQUITY | $379M |
| Total Debt | $203M |
| Net Debt | $122M |
