| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $156.0K | $4M | $967.0K | -96.2% | -83.9% |
| Op. Income | -$41M | -$48M | -$32M | 14.7% | -25.1% |
| Gross Margin | -396.8% | -636.5% | -2671.3% | 239.7pp | 2274.5pp |
| Net Margin | -21030.8% | -1048.3% | -3036.3% | -19982.5pp | -17994.5pp |
| EPS (Diluted) | $-0.56 | $-0.83 | $-0.62 | 32.5% | 9.7% |
| Free Cash Flow | -$41M | -$33M | -$29M | -23.4% | -40.6% |
| Item | Amount |
|---|---|
| REVENUE | $156.0K |
| Cost of Revenue | $775.0K |
| GROSS PROFIT | -$619.0K |
| R&D Expenses | $31M |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $40M |
| Cost & Expenses | $41M |
| OPERATING INCOME | -$41M |
| Interest Income | $8M |
| Interest Expense | $0 |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | -$33M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$33M |
| D&A | $775.0K |
| EBIT | -$41M |
| EBITDA | -$40M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$33M |
| Depreciation & Amortization | $775.0K |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$13M |
| OPERATING CASH FLOW | -$41M |
| Capital Expenditure | -$344.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$392M |
| Sales/Maturities of Investments | $77M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$315M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | $436M |
| FREE CASH FLOW | -$41M |
| Net Change in Cash | $80M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $115M |
| Short-Term Investments | $709M |
| Net Receivables | $3M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $835M |
| PP&E (Net) | $6M |
| Goodwill | $0 |
| Intangible Assets | $27M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $107.0K |
| TOTAL NON-CURRENT ASSETS | $34M |
| TOTAL ASSETS | $869M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $26M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $30M |
| Common Stock | $66.0K |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | -$1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $839M |
| Minority Interest | $0 |
| TOTAL EQUITY | $839M |
| TOTAL LIABILITIES & EQUITY | $869M |
| Total Debt | $2M |
| Net Debt | -$113M |
