| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $55M | $39M | $7M | 41.1% | 669.4% |
| Op. Income | -$165M | -$168M | -$166M | 2.0% | 0.7% |
| Gross Margin | 72.7% | 86.2% | 82.4% | -13.5pp | -9.7pp |
| Net Margin | -256.2% | -330.2% | -1320.1% | 74.0pp | 1063.9pp |
| EPS (Diluted) | $-2.53 | $-2.31 | $-1.71 | -9.1% | -47.9% |
| Free Cash Flow | -$180M | -$173M | -$150M | -3.7% | -19.9% |
| Item | Amount |
|---|---|
| REVENUE | $55M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $40M |
| R&D Expenses | $123M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $82M |
| Other Expenses | $0 |
| Operating Expenses | $205M |
| Cost & Expenses | $220M |
| OPERATING INCOME | -$165M |
| Interest Income | $42M |
| Interest Expense | $11M |
| Other Income/Expenses | $22M |
| INCOME BEFORE TAX | -$142M |
| Income Tax Expense | -$501.6K |
| Net Income from Continuing Ops | -$142M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$142M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$142M |
| D&A | $5M |
| EBIT | -$132M |
| EBITDA | -$126M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$142M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $23M |
| Deferred Income Tax | -$501.6K |
| Other Non-Cash Items | -$23M |
| Change in Working Capital | -$43M |
| OPERATING CASH FLOW | -$179M |
| Capital Expenditure | -$519.1K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $55M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $55M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $243.2K |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | -$180M |
| Net Change in Cash | -$125M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $461M |
| Short-Term Investments | $43M |
| Net Receivables | $24M |
| Inventory | $196M |
| Other Current Assets | $18M |
| TOTAL CURRENT ASSETS | $792M |
| PP&E (Net) | $147M |
| Goodwill | $0 |
| Intangible Assets | $5M |
| Long-Term Investments | $16M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $171M |
| TOTAL ASSETS | $963M |
| Account Payables | $143M |
| Short-Term Debt | $31M |
| Deferred Revenue | $5M |
| Other Current Liabilities | $39M |
| TOTAL CURRENT LIABILITIES | $225M |
| Long-Term Debt | $560M |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $101M |
| TOTAL NON-CURRENT LIABILITIES | $663M |
| TOTAL LIABILITIES | $887M |
| Common Stock | $9M |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | -$2.4B |
| Treasury Stock | -$174.2K |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $76M |
| Minority Interest | $0 |
| TOTAL EQUITY | $76M |
| TOTAL LIABILITIES & EQUITY | $963M |
| Total Debt | $592M |
| Net Debt | $131M |
