| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $36M | — | $16M | — | 129.0% |
| Op. Income | -$15M | — | -$62M | — | 76.6% |
| Gross Margin | 100.0% | — | 100.0% | — | 0.0pp |
| Net Margin | -37.0% | — | -396.1% | — | 359.2pp |
| EPS (Diluted) | $-0.38 | — | $-3.19 | — | 88.1% |
| Free Cash Flow | -$22M | — | -$9M | — | -142.3% |
| Item | Amount |
|---|---|
| REVENUE | $36M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $36M |
| R&D Expenses | $37M |
| Selling & Marketing | $0 |
| General & Administrative | $14M |
| SG&A Expenses | $14M |
| Other Expenses | $0 |
| Operating Expenses | $51M |
| Cost & Expenses | $51M |
| OPERATING INCOME | -$15M |
| Interest Income | $2M |
| Interest Expense | $491.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$13M |
| Income Tax Expense | $580.0K |
| Net Income from Continuing Ops | -$13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$13M |
| D&A | $126.0K |
| EBIT | -$12M |
| EBITDA | -$12M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $126.0K |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$10M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$22M |
| Capital Expenditure | -$50.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$55M |
| Sales/Maturities of Investments | $50M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | -$9M |
| Common Stock Repurchased | -$260.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $165.0K |
| NET CASH FROM FINANCING | -$9M |
| FREE CASH FLOW | -$22M |
| Net Change in Cash | -$36M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $23M |
| Short-Term Investments | $18M |
| Net Receivables | $6M |
| Inventory | $0 |
| Other Current Assets | $235.0K |
| TOTAL CURRENT ASSETS | $49M |
| PP&E (Net) | $1M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $70.0K |
| TOTAL NON-CURRENT ASSETS | $1M |
| TOTAL ASSETS | $51M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $16M |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $28M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $384.0K |
| TOTAL LIABILITIES | $28M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $208M |
| Retained Earnings | -$186M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $140.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $23M |
| Minority Interest | $0 |
| TOTAL EQUITY | $23M |
| TOTAL LIABILITIES & EQUITY | $51M |
| Total Debt | $824.0K |
| Net Debt | -$22M |
