| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | -$43M | $35M | $38M | -224.6% | -213.4% |
| Op. Income | -$165M | -$74M | -$75M | -123.7% | -119.2% |
| Gross Margin | 103.9% | 95.1% | 94.5% | 8.9pp | 9.5pp |
| Net Margin | 359.2% | -185.0% | -218.2% | 544.1pp | 577.3pp |
| EPS (Diluted) | $-2.53 | $-1.18 | $-1.50 | -114.4% | -68.7% |
| Free Cash Flow | -$83M | -$86M | -$72M | 3.1% | -15.1% |
| Item | Amount |
|---|---|
| REVENUE | -$43M |
| Cost of Revenue | $2M |
| GROSS PROFIT | -$45M |
| R&D Expenses | $95M |
| Selling & Marketing | -$2M |
| General & Administrative | $27M |
| SG&A Expenses | $25M |
| Other Expenses | $0 |
| Operating Expenses | $121M |
| Cost & Expenses | $122M |
| OPERATING INCOME | -$165M |
| Interest Income | $12M |
| Interest Expense | $0 |
| Other Income/Expenses | $12M |
| INCOME BEFORE TAX | -$153M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$155M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$155M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$155M |
| D&A | $2M |
| EBIT | -$165M |
| EBITDA | -$164M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$155M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | -$200.0K |
| Change in Working Capital | $59M |
| OPERATING CASH FLOW | -$83M |
| Capital Expenditure | -$100.0K |
| Acquisitions (Net) | $54M |
| Purchases of Investments | -$291M |
| Sales/Maturities of Investments | $237M |
| Other Investing Activities | -$54M |
| NET CASH FROM INVESTING | -$54M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$15M |
| NET CASH FROM FINANCING | $335M |
| FREE CASH FLOW | -$83M |
| Net Change in Cash | $198M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $312M |
| Short-Term Investments | $949M |
| Net Receivables | $7M |
| Inventory | $0 |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $14M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $24M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $18M |
| Short-Term Debt | $0 |
| Deferred Revenue | $163M |
| Other Current Liabilities | $26M |
| TOTAL CURRENT LIABILITIES | $257M |
| Long-Term Debt | $800.0K |
| Deferred Revenue NC | $386M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $388M |
| TOTAL LIABILITIES | $645M |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $660M |
| Minority Interest | $0 |
| TOTAL EQUITY | $660M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $3M |
| Net Debt | -$309M |
