| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $988.0K | $3M | $439.0K | -63.1% | 125.1% |
| Op. Income | -$53M | -$48M | -$43M | -10.5% | -23.1% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | -5159.8% | -1716.9% | -9652.6% | -3442.9pp | 4492.8pp |
| EPS (Diluted) | $-0.94 | $-0.82 | $-0.79 | -14.6% | -19.0% |
| Free Cash Flow | -$46M | -$41M | -$29M | -12.9% | -60.8% |
| Item | Amount |
|---|---|
| REVENUE | $988.0K |
| Cost of Revenue | $0 |
| GROSS PROFIT | $988.0K |
| R&D Expenses | $41M |
| Selling & Marketing | $0 |
| General & Administrative | $13M |
| SG&A Expenses | $13M |
| Other Expenses | $0 |
| Operating Expenses | $54M |
| Cost & Expenses | $54M |
| OPERATING INCOME | -$53M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$51M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$51M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$51M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$51M |
| D&A | $280.0K |
| EBIT | -$53M |
| EBITDA | -$53M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$51M |
| Depreciation & Amortization | $280.0K |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | -$905.0K |
| Other Non-Cash Items | $118.0K |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$46M |
| Capital Expenditure | -$237.0K |
| Acquisitions (Net) | -$32M |
| Purchases of Investments | -$59M |
| Sales/Maturities of Investments | $91M |
| Other Investing Activities | $32M |
| NET CASH FROM INVESTING | $31M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $13M |
| FREE CASH FLOW | -$46M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $40M |
| Short-Term Investments | $225M |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $285M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $8M |
| TOTAL ASSETS | $293M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2M |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $33M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $5M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $7M |
| TOTAL LIABILITIES | $39M |
| Common Stock | $792M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$536M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $254M |
| Minority Interest | $0 |
| TOTAL EQUITY | $254M |
| TOTAL LIABILITIES & EQUITY | $293M |
| Total Debt | $3M |
| Net Debt | -$37M |
