| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $4M | $0 | -66.2% | — |
| Op. Income | -$35M | -$30M | -$42M | -16.8% | 15.7% |
| Gross Margin | -47.0% | 55.2% | — | -102.2pp | — |
| Net Margin | -3081.3% | -704.6% | — | -2376.7pp | — |
| EPS (Diluted) | $-0.23 | $-0.23 | $-0.41 | 0.0% | 43.9% |
| Free Cash Flow | -$46M | -$15M | -$36M | -202.9% | -28.6% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $2M |
| GROSS PROFIT | -$607.0K |
| R&D Expenses | $27M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $7M |
| Other Expenses | $0 |
| Operating Expenses | $35M |
| Cost & Expenses | $37M |
| OPERATING INCOME | -$35M |
| Interest Income | $3M |
| Interest Expense | $5M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$40M |
| Income Tax Expense | -$14.0K |
| Net Income from Continuing Ops | -$40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$40M |
| D&A | $2M |
| EBIT | -$35M |
| EBITDA | -$33M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$40M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$195.0K |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$13M |
| OPERATING CASH FLOW | -$42M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$691.0K |
| FREE CASH FLOW | -$46M |
| Net Change in Cash | -$39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $343M |
| Short-Term Investments | $0 |
| Net Receivables | $121.0K |
| Inventory | $0 |
| Other Current Assets | $37M |
| TOTAL CURRENT ASSETS | $394M |
| PP&E (Net) | $62M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $66M |
| TOTAL ASSETS | $460M |
| Account Payables | $353.0K |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $327.0K |
| TOTAL CURRENT LIABILITIES | $40M |
| Long-Term Debt | $131M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $114.0K |
| TOTAL NON-CURRENT LIABILITIES | $153M |
| TOTAL LIABILITIES | $193M |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | -$710M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$33M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $267M |
| Minority Interest | $0 |
| TOTAL EQUITY | $267M |
| TOTAL LIABILITIES & EQUITY | $460M |
| Total Debt | $158M |
| Net Debt | -$185M |
