| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $20M | $33M | — | -39.6% | — |
| Op. Income | -$92M | -$43M | — | -113.8% | — |
| Gross Margin | -395.0% | -13.5% | — | -381.5pp | — |
| Net Margin | -1769.0% | -132.8% | — | -1636.2pp | — |
| EPS (Diluted) | $-0.68 | $-0.06 | — | -1099.3% | — |
| Free Cash Flow | $60M | $18M | — | 234.2% | — |
| Item | Amount |
|---|---|
| REVENUE | $20M |
| Cost of Revenue | $99M |
| GROSS PROFIT | -$79M |
| R&D Expenses | $21M |
| Selling & Marketing | $5M |
| General & Administrative | $14M |
| SG&A Expenses | $19M |
| Other Expenses | -$27M |
| Operating Expenses | $13M |
| Cost & Expenses | $112M |
| OPERATING INCOME | -$92M |
| Interest Income | $466.0K |
| Interest Expense | $15M |
| Other Income/Expenses | -$262M |
| INCOME BEFORE TAX | -$353M |
| Income Tax Expense | $659.0K |
| Net Income from Continuing Ops | -$354M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$354M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$354M |
| D&A | $10M |
| EBIT | -$117M |
| EBITDA | -$106M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$354M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $39M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $376M |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | $63M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $5M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | $646.0K |
| Net Debt Issuance | $335M |
| Common Stock Repurchased | $224.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | $356M |
| FREE CASH FLOW | $60M |
| Net Change in Cash | $420M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $527M |
| Short-Term Investments | $30M |
| Net Receivables | $184M |
| Inventory | $0 |
| Other Current Assets | $28M |
| TOTAL CURRENT ASSETS | $811M |
| PP&E (Net) | $41M |
| Goodwill | $32M |
| Intangible Assets | $48M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $126M |
| TOTAL ASSETS | $937M |
| Account Payables | $103M |
| Short-Term Debt | $74M |
| Deferred Revenue | $10M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $190M |
| Long-Term Debt | $513M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $43M |
| TOTAL NON-CURRENT LIABILITIES | $589M |
| TOTAL LIABILITIES | $780M |
| Common Stock | $74.0K |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | -$1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | -$10M |
| TOTAL STOCKHOLDERS' EQUITY | $157M |
| Minority Interest | $0 |
| TOTAL EQUITY | $157M |
| TOTAL LIABILITIES & EQUITY | $937M |
| Total Debt | $620M |
| Net Debt | $93M |
