| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $38M | $5M | $725.0K | 634.3% | 5156.4% |
| Op. Income | -$37M | -$67M | -$105M | 44.7% | 64.8% |
| Gross Margin | 96.9% | 85.0% | 62.9% | 11.9pp | 34.0pp |
| Net Margin | -117.5% | -1367.8% | -14856.4% | 1250.4pp | 14738.9pp |
| EPS (Diluted) | $-0.73 | $-1.16 | $-1.94 | 37.1% | 62.4% |
| Free Cash Flow | -$44M | -$67M | -$91M | 34.0% | 51.4% |
| Item | Amount |
|---|---|
| REVENUE | $38M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $37M |
| R&D Expenses | $26M |
| Selling & Marketing | $0 |
| General & Administrative | $48M |
| SG&A Expenses | $48M |
| Other Expenses | $0 |
| Operating Expenses | $74M |
| Cost & Expenses | $75M |
| OPERATING INCOME | -$37M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | -$42M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$45M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$45M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$45M |
| D&A | $387.0K |
| EBIT | -$34M |
| EBITDA | -$34M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$45M |
| Depreciation & Amortization | $387.0K |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$425.0K |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | -$44M |
| Capital Expenditure | -$64.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$22M |
| Sales/Maturities of Investments | $68M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $46M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $867.0K |
| NET CASH FROM FINANCING | $867.0K |
| FREE CASH FLOW | -$44M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $107M |
| Short-Term Investments | $120M |
| Net Receivables | $19M |
| Inventory | $14M |
| Other Current Assets | $925.0K |
| TOTAL CURRENT ASSETS | $282M |
| 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 | $11M |
| TOTAL ASSETS | $293M |
| Account Payables | $13M |
| Short-Term Debt | $715.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $42M |
| Long-Term Debt | $201M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $204M |
| TOTAL LIABILITIES | $246M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $963M |
| Retained Earnings | -$916M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$184.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $47M |
| Minority Interest | $0 |
| TOTAL EQUITY | $47M |
| TOTAL LIABILITIES & EQUITY | $293M |
| Total Debt | $205M |
| Net Debt | $98M |
