| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $640.0K | $0 | $3M | — | -76.1% |
| Op. Income | -$74M | -$63M | -$48M | -17.3% | -53.3% |
| Gross Margin | 100.0% | — | 100.0% | — | 0.0pp |
| Net Margin | -10457.8% | — | -1716.9% | — | -8740.9pp |
| EPS (Diluted) | $-0.93 | $-0.89 | $-0.82 | -4.5% | -13.4% |
| Free Cash Flow | -$54M | -$39M | -$41M | -37.4% | -33.0% |
| Item | Amount |
|---|---|
| REVENUE | $640.0K |
| Cost of Revenue | $0 |
| GROSS PROFIT | $640.0K |
| R&D Expenses | $53M |
| Selling & Marketing | $0 |
| General & Administrative | $21M |
| SG&A Expenses | $21M |
| Other Expenses | $0 |
| Operating Expenses | $74M |
| Cost & Expenses | $74M |
| OPERATING INCOME | -$74M |
| Interest Income | $7M |
| Interest Expense | $0 |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | -$67M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$67M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$67M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$67M |
| D&A | $474.0K |
| EBIT | -$74M |
| EBITDA | -$73M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$67M |
| Depreciation & Amortization | $474.0K |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$53M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$100M |
| Sales/Maturities of Investments | $101M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $309.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $10M |
| NET CASH FROM FINANCING | $394M |
| FREE CASH FLOW | -$54M |
| Net Change in Cash | $341M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $396M |
| Short-Term Investments | $505M |
| Net Receivables | $9M |
| Inventory | $0 |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $917M |
| PP&E (Net) | $58M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $1M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $61M |
| TOTAL ASSETS | $978M |
| Account Payables | $11M |
| Short-Term Debt | $6M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $18M |
| TOTAL CURRENT LIABILITIES | $52M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $5M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $51M |
| TOTAL LIABILITIES | $103M |
| Common Stock | $1.6B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$721M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $150.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $875M |
| Minority Interest | $0 |
| TOTAL EQUITY | $875M |
| TOTAL LIABILITIES & EQUITY | $978M |
| Total Debt | $53M |
| Net Debt | -$343M |
