| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | — | $5M | — | -15.3% |
| Op. Income | -$223M | — | -$168M | — | -32.6% |
| Gross Margin | 100.0% | — | 100.0% | — | 0.0pp |
| Net Margin | -5345.9% | — | -3460.4% | — | -1885.5pp |
| EPS (Diluted) | $-3.69 | — | $-3.15 | — | -17.1% |
| Free Cash Flow | -$171M | — | -$117M | — | -46.3% |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $4M |
| R&D Expenses | $169M |
| Selling & Marketing | $0 |
| General & Administrative | $58M |
| SG&A Expenses | $58M |
| Other Expenses | $0 |
| Operating Expenses | $227M |
| Cost & Expenses | $227M |
| OPERATING INCOME | -$223M |
| Interest Income | $13M |
| Interest Expense | $0 |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | -$215M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$215M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$215M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$215M |
| D&A | $1M |
| EBIT | -$223M |
| EBITDA | -$222M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$215M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $41M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | -$166M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$533M |
| Sales/Maturities of Investments | $337M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$200M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $20M |
| NET CASH FROM FINANCING | $389M |
| FREE CASH FLOW | -$171M |
| Net Change in Cash | $22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $55M |
| Short-Term Investments | $504M |
| Net Receivables | $9M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $574M |
| PP&E (Net) | $57M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $61M |
| TOTAL ASSETS | $635M |
| Account Payables | $7M |
| Short-Term Debt | $4M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $17M |
| TOTAL CURRENT LIABILITIES | $44M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $5M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $52M |
| TOTAL LIABILITIES | $96M |
| Common Stock | $1.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$654M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $977.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $539M |
| Minority Interest | $0 |
| TOTAL EQUITY | $539M |
| TOTAL LIABILITIES & EQUITY | $635M |
| Total Debt | $52M |
| Net Debt | -$3M |
