| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $39M | — | $8M | — | 391.9% |
| Op. Income | -$168M | — | -$150M | — | -12.2% |
| Gross Margin | 86.2% | — | 37.8% | — | 48.4pp |
| Net Margin | -330.2% | — | -1838.0% | — | 1507.8pp |
| EPS (Diluted) | $-2.31 | — | $-2.58 | — | 10.4% |
| Free Cash Flow | -$173M | -$170M | -$157M | -1.8% | -10.0% |
| Item | Amount |
|---|---|
| REVENUE | $39M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $34M |
| R&D Expenses | $124M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $78M |
| Other Expenses | $0 |
| Operating Expenses | $202M |
| Cost & Expenses | $207M |
| OPERATING INCOME | -$168M |
| Interest Income | $53M |
| Interest Expense | $12M |
| Other Income/Expenses | $40M |
| INCOME BEFORE TAX | -$128M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$130M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$130M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$130M |
| D&A | $5M |
| EBIT | -$126M |
| EBITDA | -$121M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$130M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$37M |
| Change in Working Capital | -$28M |
| OPERATING CASH FLOW | -$172M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $248M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $246M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$820.8K |
| FREE CASH FLOW | -$173M |
| Net Change in Cash | $66M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $586M |
| Short-Term Investments | $99M |
| Net Receivables | $19M |
| Inventory | $176M |
| Other Current Assets | $22M |
| TOTAL CURRENT ASSETS | $947M |
| PP&E (Net) | $149M |
| Goodwill | $0 |
| Intangible Assets | $6M |
| Long-Term Investments | $26M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $183M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $154M |
| Short-Term Debt | $30M |
| Deferred Revenue | $12M |
| Other Current Liabilities | $29M |
| TOTAL CURRENT LIABILITIES | $232M |
| Long-Term Debt | $561M |
| Deferred Revenue NC | $5M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $137M |
| TOTAL NON-CURRENT LIABILITIES | $702M |
| TOTAL LIABILITIES | $934M |
| Common Stock | $9M |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | -$2.3B |
| Treasury Stock | -$174.2K |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $195M |
| Minority Interest | $0 |
| TOTAL EQUITY | $195M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $591M |
| Net Debt | $5M |
