| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | $11M | — | -53.0% | — |
| Op. Income | -$51M | -$43M | — | -17.8% | — |
| Gross Margin | 100.0% | 100.0% | — | 0.0pp | — |
| Net Margin | -932.3% | -373.8% | — | -558.5pp | — |
| EPS (Diluted) | $-1.26 | $-1.41 | — | 10.6% | — |
| Free Cash Flow | -$2M | $34M | — | -104.5% | — |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $5M |
| R&D Expenses | $40M |
| Selling & Marketing | $0 |
| General & Administrative | $16M |
| SG&A Expenses | $16M |
| Other Expenses | $714.0K |
| Operating Expenses | $56M |
| Cost & Expenses | $56M |
| OPERATING INCOME | -$51M |
| Interest Income | $4M |
| Interest Expense | $814.0K |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$48M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$50M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$50M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$50M |
| D&A | $2M |
| EBIT | -$47M |
| EBITDA | -$45M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$50M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $7M |
| Other Non-Cash Items | $91.0K |
| Change in Working Capital | $32M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$502.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$502.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $139.0K |
| NET CASH FROM FINANCING | $235M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $232M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $572M |
| Short-Term Investments | $0 |
| Net Receivables | $17M |
| Inventory | $0 |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $603M |
| PP&E (Net) | $30M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $548.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $36M |
| TOTAL ASSETS | $639M |
| Account Payables | $8M |
| Short-Term Debt | $5M |
| Deferred Revenue | $27M |
| Other Current Liabilities | $20M |
| TOTAL CURRENT LIABILITIES | $70M |
| Long-Term Debt | $31M |
| Deferred Revenue NC | $108M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $153M |
| TOTAL LIABILITIES | $223M |
| Common Stock | $550.0K |
| Additional Paid-In Capital | $875M |
| Retained Earnings | -$463M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $416M |
| Minority Interest | $0 |
| TOTAL EQUITY | $416M |
| TOTAL LIABILITIES & EQUITY | $639M |
| Total Debt | $46M |
| Net Debt | -$526M |
