| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $0 | $0 | — | — |
| Op. Income | -$35M | -$40M | -$42M | 12.5% | 15.4% |
| Gross Margin | 100.0% | — | — | — | — |
| Net Margin | -537.5% | — | — | — | — |
| EPS (Diluted) | $-0.38 | $-0.40 | $-0.45 | 5.0% | 15.6% |
| Free Cash Flow | -$31M | -$37M | -$52M | 16.8% | 40.4% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $7M |
| R&D Expenses | $30M |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | $0 |
| Operating Expenses | $42M |
| Cost & Expenses | $42M |
| OPERATING INCOME | -$35M |
| Interest Income | $3M |
| Interest Expense | $3M |
| Other Income/Expenses | -$515.0K |
| INCOME BEFORE TAX | -$36M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$37M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$37M |
| D&A | $246.0K |
| EBIT | -$33M |
| EBITDA | -$33M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$37M |
| Depreciation & Amortization | $248.1K |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$135.3K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$31M |
| Capital Expenditure | -$28.0K |
| Acquisitions (Net) | $18M |
| Purchases of Investments | -$70M |
| Sales/Maturities of Investments | $52M |
| Other Investing Activities | -$18M |
| NET CASH FROM INVESTING | -$18M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $118.0K |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | -$31M |
| Net Change in Cash | -$43M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $128M |
| Short-Term Investments | $129M |
| Net Receivables | $39M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $315M |
| PP&E (Net) | $13M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $30M |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $45M |
| TOTAL ASSETS | $360M |
| Account Payables | $12M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $39M |
| Long-Term Debt | $76M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $29.0K |
| TOTAL NON-CURRENT LIABILITIES | $85M |
| TOTAL LIABILITIES | $124M |
| Common Stock | $273.0K |
| Additional Paid-In Capital | $987M |
| Retained Earnings | -$753M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $236M |
| Minority Interest | $0 |
| TOTAL EQUITY | $236M |
| TOTAL LIABILITIES & EQUITY | $360M |
| Total Debt | $85M |
| Net Debt | -$43M |
