| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $38M | $35M | $81M | 9.2% | -53.0% |
| Op. Income | -$178M | -$178M | -$216M | 0.1% | 17.5% |
| Gross Margin | 75.7% | 81.0% | 72.3% | -5.2pp | 3.5pp |
| Net Margin | -437.3% | -609.1% | -254.0% | 171.9pp | -183.3pp |
| EPS (Diluted) | $-3.32 | $-4.31 | $-4.29 | 23.0% | 22.6% |
| Free Cash Flow | -$96M | -$61M | -$110M | -56.6% | 12.8% |
| Item | Amount |
|---|---|
| REVENUE | $38M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $29M |
| R&D Expenses | $136M |
| Selling & Marketing | $0 |
| General & Administrative | $70M |
| SG&A Expenses | $70M |
| Other Expenses | $0 |
| Operating Expenses | $207M |
| Cost & Expenses | $216M |
| OPERATING INCOME | -$178M |
| Interest Income | $12M |
| Interest Expense | $0 |
| Other Income/Expenses | $12M |
| INCOME BEFORE TAX | -$166M |
| Income Tax Expense | $31.0K |
| Net Income from Continuing Ops | -$166M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$166M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$166M |
| D&A | $13M |
| EBIT | -$178M |
| EBITDA | -$165M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$166M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $41M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $23M |
| Change in Working Capital | $312.0K |
| OPERATING CASH FLOW | -$89M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | -$5M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | -$294.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$621.0K |
| NET CASH FROM FINANCING | -$845.0K |
| FREE CASH FLOW | -$96M |
| Net Change in Cash | -$105M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $844M |
| Short-Term Investments | $0 |
| Net Receivables | $25M |
| Inventory | $0 |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $903M |
| PP&E (Net) | $417M |
| Goodwill | $48M |
| Intangible Assets | $77M |
| Long-Term Investments | $134M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $679M |
| TOTAL ASSETS | $1.6B |
| Account Payables | $27M |
| Short-Term Debt | $0 |
| Deferred Revenue | $34M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $169M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $166M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $25M |
| TOTAL NON-CURRENT LIABILITIES | $425M |
| TOTAL LIABILITIES | $594M |
| Common Stock | $202.0K |
| Additional Paid-In Capital | $6.4B |
| Retained Earnings | -$5.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $987M |
| Minority Interest | $0 |
| TOTAL EQUITY | $987M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $234M |
| Net Debt | -$609M |
