| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | $3M | — | 53.7% | — |
| Op. Income | -$42M | -$32M | — | -29.8% | — |
| Gross Margin | 100.0% | 100.0% | — | 0.0pp | — |
| Net Margin | -797.9% | -941.2% | — | 143.3pp | — |
| EPS (Diluted) | $-1.30 | $-1.01 | — | -28.7% | — |
| Free Cash Flow | -$49M | -$32M | — | -52.8% | — |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $5M |
| R&D Expenses | $32M |
| Selling & Marketing | $0 |
| General & Administrative | $14M |
| SG&A Expenses | $14M |
| Other Expenses | $453.0K |
| Operating Expenses | $47M |
| Cost & Expenses | $47M |
| OPERATING INCOME | -$42M |
| Interest Income | $3M |
| Interest Expense | $808.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$40M |
| Income Tax Expense | -$618.0K |
| Net Income from Continuing Ops | -$39M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$39M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$39M |
| D&A | $2M |
| EBIT | -$39M |
| EBITDA | -$37M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$39M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $102.0K |
| Change in Working Capital | -$16M |
| OPERATING CASH FLOW | -$46M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2.0K |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$49M |
| Net Change in Cash | -$45M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $294M |
| Short-Term Investments | $0 |
| Net Receivables | $77M |
| Inventory | $0 |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $381M |
| PP&E (Net) | $37M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $48M |
| TOTAL ASSETS | $429M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $25M |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $53M |
| Long-Term Debt | $30M |
| Deferred Revenue NC | $84M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $133M |
| TOTAL LIABILITIES | $186M |
| Common Stock | $389.0K |
| Additional Paid-In Capital | $613M |
| Retained Earnings | -$370M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $71.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $243M |
| Minority Interest | $0 |
| TOTAL EQUITY | $243M |
| TOTAL LIABILITIES & EQUITY | $429M |
| Total Debt | $49M |
| Net Debt | -$244M |
