| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $406.0K | $0 | $2M | — | -82.9% |
| Op. Income | -$44M | -$44M | -$81M | 0.7% | 45.7% |
| Gross Margin | -275.6% | — | -1488.5% | — | 1212.9pp |
| Net Margin | -11292.9% | — | -1805.3% | — | -9487.6pp |
| EPS (Diluted) | $-0.26 | $-0.26 | $-0.47 | 0.0% | 44.7% |
| Free Cash Flow | -$42M | -$43M | -$39M | 2.0% | -7.7% |
| Item | Amount |
|---|---|
| REVENUE | $406.0K |
| Cost of Revenue | $2M |
| GROSS PROFIT | -$1M |
| R&D Expenses | $32M |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $43M |
| Cost & Expenses | $44M |
| OPERATING INCOME | -$44M |
| Interest Income | $4M |
| Interest Expense | $5M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$46M |
| Income Tax Expense | -$21.0K |
| Net Income from Continuing Ops | -$46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$46M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$46M |
| D&A | $1M |
| EBIT | -$43M |
| EBITDA | -$41M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$46M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$238.0K |
| Other Non-Cash Items | $12M |
| Change in Working Capital | -$11M |
| OPERATING CASH FLOW | -$40M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $4.0K |
| FREE CASH FLOW | -$42M |
| Net Change in Cash | -$51M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $257M |
| Short-Term Investments | $0 |
| Net Receivables | $42M |
| Inventory | $0 |
| Other Current Assets | $127.0K |
| TOTAL CURRENT ASSETS | $306M |
| PP&E (Net) | $94M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $3M |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $100M |
| TOTAL ASSETS | $406M |
| Account Payables | $661.0K |
| Short-Term Debt | $5M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $21M |
| TOTAL CURRENT LIABILITIES | $38M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $141M |
| TOTAL NON-CURRENT LIABILITIES | $188M |
| TOTAL LIABILITIES | $226M |
| Common Stock | $126.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | -$801M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$34M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $181M |
| Minority Interest | $0 |
| TOTAL EQUITY | $181M |
| TOTAL LIABILITIES & EQUITY | $406M |
| Total Debt | $52M |
| Net Debt | -$204M |
