| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $112M | $161M | $39M | -30.4% | 185.5% |
| Op. Income | -$57M | -$43M | -$168M | -34.2% | 65.8% |
| Gross Margin | 92.1% | 85.9% | 86.2% | 6.2pp | 5.9pp |
| Net Margin | -136.6% | -63.1% | -330.2% | -73.6pp | 193.6pp |
| EPS (Diluted) | $-2.69 | $-1.79 | $-2.31 | -50.3% | -16.2% |
| Free Cash Flow | -$119M | -$50M | -$173M | -140.0% | 31.3% |
| Item | Amount |
|---|---|
| REVENUE | $112M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $103M |
| R&D Expenses | $83M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $78M |
| Other Expenses | $0 |
| Operating Expenses | $161M |
| Cost & Expenses | $170M |
| OPERATING INCOME | -$57M |
| Interest Income | $4M |
| Interest Expense | $90M |
| Other Income/Expenses | -$93M |
| INCOME BEFORE TAX | -$150M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$153M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$153M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$153M |
| D&A | $5M |
| EBIT | -$60M |
| EBITDA | -$55M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$153M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $20M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $67M |
| Change in Working Capital | -$61M |
| OPERATING CASH FLOW | -$119M |
| Capital Expenditure | -$232.7K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $9M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $8M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $25M |
| NET CASH FROM FINANCING | $22M |
| FREE CASH FLOW | -$119M |
| Net Change in Cash | -$84M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $374M |
| Short-Term Investments | $0 |
| Net Receivables | $48M |
| Inventory | $272M |
| Other Current Assets | $32M |
| TOTAL CURRENT ASSETS | $776M |
| PP&E (Net) | $125M |
| Goodwill | $0 |
| Intangible Assets | $5M |
| Long-Term Investments | $29M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $162M |
| TOTAL ASSETS | $938M |
| Account Payables | $111M |
| Short-Term Debt | $514M |
| Deferred Revenue | $1M |
| Other Current Liabilities | $305M |
| TOTAL CURRENT LIABILITIES | $934M |
| Long-Term Debt | $268M |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $8M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $283M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $9M |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | -$2.8B |
| Treasury Stock | -$138.0K |
| Accum. Other Comp. Income | $916.6K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$278M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$278M |
| TOTAL LIABILITIES & EQUITY | $938M |
| Total Debt | $782M |
| Net Debt | $408M |
