| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $529.0K | — | $194.0K | — | 172.7% |
| Op. Income | -$22M | — | -$10M | — | -131.1% |
| Gross Margin | 99.2% | — | -3942.3% | — | 4041.5pp |
| Net Margin | -3200.8% | — | -4467.5% | — | 1266.8pp |
| EPS (Diluted) | $-0.22 | — | $-0.13 | — | -69.2% |
| Free Cash Flow | -$26M | — | -$8M | — | -225.9% |
| Item | Amount |
|---|---|
| REVENUE | $529.0K |
| Cost of Revenue | $4.0K |
| GROSS PROFIT | $525.0K |
| R&D Expenses | $17M |
| Selling & Marketing | -$4.0K |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | $0 |
| Operating Expenses | $23M |
| Cost & Expenses | $23M |
| OPERATING INCOME | -$22M |
| Interest Income | $6M |
| Interest Expense | $0 |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | -$17M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$17M |
| D&A | $4.0K |
| EBIT | -$22M |
| EBITDA | -$22M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$17M |
| Depreciation & Amortization | $4.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | -$26M |
| Capital Expenditure | -$12.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$453M |
| Sales/Maturities of Investments | $146M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$307M |
| Net Debt Issuance | -$365.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $403M |
| FREE CASH FLOW | -$26M |
| Net Change in Cash | $69M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $77M |
| Short-Term Investments | $489M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $153.0K |
| TOTAL CURRENT ASSETS | $579M |
| PP&E (Net) | $445.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $53.0K |
| TOTAL NON-CURRENT ASSETS | $498.0K |
| TOTAL ASSETS | $579M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $282.0K |
| TOTAL CURRENT LIABILITIES | $10M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $184.0K |
| TOTAL LIABILITIES | $10M |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $716M |
| Retained Earnings | -$147M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $569M |
| Minority Interest | $0 |
| TOTAL EQUITY | $569M |
| TOTAL LIABILITIES & EQUITY | $579M |
| Total Debt | $404.0K |
| Net Debt | -$77M |
