| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $504.0K | $200M | $100M | -99.7% | -99.5% |
| Op. Income | -$141M | $70M | -$64M | -302.0% | -118.0% |
| Gross Margin | -10177.6% | 90.0% | 57.8% | -10267.6pp | -10235.4pp |
| Net Margin | -23133.1% | 44.7% | -53.1% | -23177.8pp | -23080.1pp |
| EPS (Diluted) | $-1.43 | $1.10 | $-0.67 | -230.0% | -113.4% |
| Free Cash Flow | $109M | -$97M | $6M | 212.6% | 1799.5% |
| Item | Amount |
|---|---|
| REVENUE | $504.0K |
| Cost of Revenue | $52M |
| GROSS PROFIT | -$51M |
| R&D Expenses | $71M |
| Selling & Marketing | $0 |
| General & Administrative | $18M |
| SG&A Expenses | $18M |
| Other Expenses | $0 |
| Operating Expenses | $89M |
| Cost & Expenses | $141M |
| OPERATING INCOME | -$141M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $25M |
| INCOME BEFORE TAX | -$116M |
| Income Tax Expense | $724.0K |
| Net Income from Continuing Ops | -$117M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$117M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$117M |
| D&A | $5M |
| EBIT | -$141M |
| EBITDA | -$136M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$117M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$8M |
| Change in Working Capital | $210M |
| OPERATING CASH FLOW | $110M |
| Capital Expenditure | -$721.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$334M |
| Sales/Maturities of Investments | $237M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$98M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $25M |
| NET CASH FROM FINANCING | $306M |
| FREE CASH FLOW | $109M |
| Net Change in Cash | $318M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $707M |
| Short-Term Investments | $1.4B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $299M |
| Goodwill | $0 |
| Intangible Assets | $2.0K |
| Long-Term Investments | $12M |
| Tax Assets | -$12M |
| Other Non-Current Assets | $21M |
| TOTAL NON-CURRENT ASSETS | $319M |
| TOTAL ASSETS | $2.4B |
| Account Payables | $16M |
| Short-Term Debt | $16M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $74M |
| TOTAL CURRENT LIABILITIES | $119M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $14M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $236M |
| TOTAL LIABILITIES | $355M |
| Common Stock | $3M |
| Additional Paid-In Capital | $3.2B |
| Retained Earnings | -$1.1B |
| Treasury Stock | -$62.0K |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $235M |
| Net Debt | -$473M |
