| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | $3M | $0 | 86.6% | — |
| Op. Income | -$67M | -$76M | -$66M | 12.5% | -1.4% |
| Gross Margin | 85.0% | 71.8% | — | 13.2pp | — |
| Net Margin | -1367.8% | -2867.2% | — | 1499.4pp | — |
| EPS (Diluted) | $-1.16 | $-1.30 | $-1.34 | 10.8% | 13.4% |
| Free Cash Flow | -$67M | -$80M | -$62M | 17.0% | -7.6% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $776.0K |
| GROSS PROFIT | $4M |
| R&D Expenses | $25M |
| Selling & Marketing | $0 |
| General & Administrative | $46M |
| SG&A Expenses | $46M |
| Other Expenses | $0 |
| Operating Expenses | $71M |
| Cost & Expenses | $72M |
| OPERATING INCOME | -$67M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$71M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$71M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$71M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$71M |
| D&A | $474.0K |
| EBIT | -$64M |
| EBITDA | -$63M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$71M |
| Depreciation & Amortization | $386.0K |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$732.0K |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | -$66M |
| Capital Expenditure | -$276.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$46M |
| Sales/Maturities of Investments | $135M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $89M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$67M |
| Net Change in Cash | $24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $105M |
| Short-Term Investments | $164M |
| Net Receivables | $17M |
| Inventory | $10M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $309M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $7M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $596.0K |
| TOTAL NON-CURRENT ASSETS | $12M |
| TOTAL ASSETS | $321M |
| Account Payables | $17M |
| Short-Term Debt | $695.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $37M |
| Long-Term Debt | $200M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $204M |
| TOTAL LIABILITIES | $240M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $952M |
| Retained Earnings | -$871M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$292.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $81M |
| Minority Interest | $0 |
| TOTAL EQUITY | $81M |
| TOTAL LIABILITIES & EQUITY | $321M |
| Total Debt | $204M |
| Net Debt | $99M |
