| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11M | $5M | — | 132.8% | — |
| Op. Income | -$43M | -$42M | — | -3.1% | — |
| Gross Margin | 100.0% | 100.0% | — | 0.0pp | — |
| Net Margin | -373.8% | -797.9% | — | 424.1pp | — |
| EPS (Diluted) | $-1.41 | $-1.30 | — | -8.5% | — |
| Free Cash Flow | $34M | -$49M | — | 169.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $11M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $11M |
| R&D Expenses | $40M |
| Selling & Marketing | $0 |
| General & Administrative | $15M |
| SG&A Expenses | $15M |
| Other Expenses | -$390.0K |
| Operating Expenses | $55M |
| Cost & Expenses | $55M |
| OPERATING INCOME | -$43M |
| Interest Income | $812.0K |
| Interest Expense | $821.0K |
| Other Income/Expenses | -$9.0K |
| INCOME BEFORE TAX | -$43M |
| Income Tax Expense | -$517.0K |
| Net Income from Continuing Ops | -$43M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$43M |
| D&A | $2M |
| EBIT | -$42M |
| EBITDA | -$41M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$43M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $96.0K |
| Change in Working Capital | $68M |
| OPERATING CASH FLOW | $34M |
| Capital Expenditure | -$277.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$277.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $165.0K |
| NET CASH FROM FINANCING | $12M |
| FREE CASH FLOW | $34M |
| Net Change in Cash | $47M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $340M |
| Short-Term Investments | $0 |
| Net Receivables | $58M |
| Inventory | $0 |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $408M |
| PP&E (Net) | $34M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $46M |
| TOTAL ASSETS | $454M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $30M |
| Other Current Liabilities | $24M |
| TOTAL CURRENT LIABILITIES | $72M |
| Long-Term Debt | $31M |
| Deferred Revenue NC | $115M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $162M |
| TOTAL LIABILITIES | $234M |
| Common Stock | $396.0K |
| Additional Paid-In Capital | $633M |
| Retained Earnings | -$413M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$877.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $220M |
| Minority Interest | $0 |
| TOTAL EQUITY | $220M |
| TOTAL LIABILITIES & EQUITY | $454M |
| Total Debt | $47M |
| Net Debt | -$293M |
