| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $161M | $56M | — | 186.7% | — |
| Op. Income | -$43M | -$157M | — | 72.8% | — |
| Gross Margin | 85.9% | 84.6% | — | 1.3pp | — |
| Net Margin | -63.1% | -337.7% | — | 274.6pp | — |
| EPS (Diluted) | $-1.79 | $-3.37 | — | 46.9% | — |
| Free Cash Flow | -$50M | -$147M | -$170M | 66.3% | 70.8% |
| Item | Amount |
|---|---|
| REVENUE | $161M |
| Cost of Revenue | $23M |
| GROSS PROFIT | $138M |
| R&D Expenses | $106M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $75M |
| Other Expenses | $0 |
| Operating Expenses | $181M |
| Cost & Expenses | $204M |
| OPERATING INCOME | -$43M |
| Interest Income | $0 |
| Interest Expense | $80M |
| Other Income/Expenses | -$52M |
| INCOME BEFORE TAX | -$95M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | -$102M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$102M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$102M |
| D&A | $6M |
| EBIT | -$85M |
| EBITDA | -$79M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$102M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | $7M |
| Other Non-Cash Items | $39M |
| Change in Working Capital | -$18M |
| OPERATING CASH FLOW | -$50M |
| Capital Expenditure | $73.7K |
| Acquisitions (Net) | $5.0K |
| Purchases of Investments | -$5.0K |
| Sales/Maturities of Investments | $8M |
| Other Investing Activities | $5.8K |
| NET CASH FROM INVESTING | $8M |
| Net Debt Issuance | -$7M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | -$50M |
| Net Change in Cash | -$57M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $459M |
| Short-Term Investments | $9M |
| Net Receivables | $42M |
| Inventory | $244M |
| Other Current Assets | $23M |
| TOTAL CURRENT ASSETS | $822M |
| PP&E (Net) | $129M |
| Goodwill | $4M |
| Intangible Assets | $1M |
| Long-Term Investments | $7M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $144M |
| TOTAL ASSETS | $965M |
| Account Payables | $111M |
| Short-Term Debt | $493M |
| Deferred Revenue | $1M |
| Other Current Liabilities | $237M |
| TOTAL CURRENT LIABILITIES | $861M |
| Long-Term Debt | $261M |
| Deferred Revenue NC | $7M |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | -$99M |
| TOTAL NON-CURRENT LIABILITIES | $274M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $9M |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | -$2.7B |
| Treasury Stock | -$170.7K |
| Accum. Other Comp. Income | $843.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$170M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$170M |
| TOTAL LIABILITIES & EQUITY | $965M |
| Total Debt | $869M |
| Net Debt | $410M |
