| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $70M | $100M | $158.0K | -30.0% | 44203.8% |
| Op. Income | -$95M | -$64M | -$183M | -47.7% | 48.0% |
| Gross Margin | 36.2% | 57.8% | -21369.6% | -21.6pp | 21405.9pp |
| Net Margin | -111.1% | -53.1% | -117616.5% | -58.0pp | 117505.4pp |
| EPS (Diluted) | $-0.98 | $-0.67 | $-2.40 | -46.3% | 59.2% |
| Free Cash Flow | -$137M | $6M | -$152M | -2483.3% | 9.8% |
| Item | Amount |
|---|---|
| REVENUE | $70M |
| Cost of Revenue | $45M |
| GROSS PROFIT | $25M |
| R&D Expenses | $102M |
| Selling & Marketing | $0 |
| General & Administrative | $19M |
| SG&A Expenses | $19M |
| Other Expenses | $0 |
| Operating Expenses | $121M |
| Cost & Expenses | $165M |
| OPERATING INCOME | -$95M |
| Other Income/Expenses | $18M |
| INCOME BEFORE TAX | -$77M |
| Income Tax Expense | $923.0K |
| Net Income from Continuing Ops | -$78M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$78M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$78M |
| D&A | $5M |
| EBIT | -$95M |
| EBITDA | -$90M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$78M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $22M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$79M |
| OPERATING CASH FLOW | -$133M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$187M |
| Sales/Maturities of Investments | $409M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | $217M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $17M |
| FREE CASH FLOW | -$137M |
| Net Change in Cash | $100M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $445M |
| Short-Term Investments | $1.3B |
| Net Receivables | $70M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $319M |
| Goodwill | $0 |
| Intangible Assets | $43.0K |
| Long-Term Investments | $5M |
| Tax Assets | $0 |
| Other Non-Current Assets | $14M |
| TOTAL NON-CURRENT ASSETS | $337M |
| TOTAL ASSETS | $2.2B |
| Account Payables | $28M |
| Short-Term Debt | $15M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $77M |
| TOTAL CURRENT LIABILITIES | $133M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $12M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $248M |
| TOTAL LIABILITIES | $381M |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.8B |
| Retained Earnings | -$977M |
| Treasury Stock | -$63.0K |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $2.2B |
| Total Debt | $245M |
| Net Debt | -$200M |
