| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $92M | $32M | -97.5% | -92.9% |
| Op. Income | -$68M | -$69M | -$68M | 1.6% | -0.1% |
| Gross Margin | 37.7% | 7.6% | 48.0% | 30.1pp | -10.3pp |
| Net Margin | 4457.3% | -87.0% | -233.5% | 4544.4pp | 4690.8pp |
| EPS (Diluted) | $0.82 | $-0.71 | $-0.94 | 215.5% | 187.2% |
| Free Cash Flow | -$47M | -$13M | -$69M | -260.5% | 32.1% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $869.0K |
| R&D Expenses | $28M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $40M |
| Other Expenses | $0 |
| Operating Expenses | $69M |
| Cost & Expenses | $70M |
| OPERATING INCOME | -$68M |
| Interest Income | $0 |
| Interest Expense | $11M |
| Other Income/Expenses | -$249.0K |
| INCOME BEFORE TAX | -$68M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$68M |
| Net Income from Discontinued Ops | $171M |
| Other Adjustments | $0 |
| NET INCOME | $103M |
| Net Income Deductions | -$1M |
| BOTTOM LINE NET INCOME | $104M |
| D&A | $2M |
| EBIT | -$65M |
| EBITDA | -$63M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $103M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$147M |
| Change in Working Capital | -$11M |
| OPERATING CASH FLOW | -$47M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $15M |
| Other Investing Activities | $188M |
| NET CASH FROM INVESTING | $203M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$620.0K |
| NET CASH FROM FINANCING | $887.0K |
| FREE CASH FLOW | -$47M |
| Net Change in Cash | $157M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $260M |
| Short-Term Investments | $0 |
| Net Receivables | $284M |
| Inventory | $62M |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $627M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $57M |
| Long-Term Investments | $452.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $74M |
| TOTAL NON-CURRENT ASSETS | $136M |
| TOTAL ASSETS | $764M |
| Account Payables | $38M |
| Short-Term Debt | $175M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $23M |
| TOTAL CURRENT LIABILITIES | $538M |
| Long-Term Debt | $300M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $307M |
| TOTAL LIABILITIES | $845M |
| Common Stock | $11.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | -$1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$272.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$82M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$82M |
| TOTAL LIABILITIES & EQUITY | $764M |
| Total Debt | $481M |
| Net Debt | $221M |
