| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $0 | $0 | — | — |
| Op. Income | -$35M | -$35M | -$34M | -0.2% | -2.0% |
| Gross Margin | -78.3% | — | — | — | — |
| Net Margin | -3004.5% | — | — | — | — |
| EPS (Diluted) | $-0.53 | $-0.58 | $-0.60 | 8.6% | 11.7% |
| Free Cash Flow | -$40M | $28M | -$33M | -241.5% | -21.4% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $2M |
| GROSS PROFIT | -$833.0K |
| R&D Expenses | $25M |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $34M |
| Cost & Expenses | $36M |
| OPERATING INCOME | -$35M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$32M |
| Income Tax Expense | $83.0K |
| Net Income from Continuing Ops | -$32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$32M |
| D&A | $2M |
| EBIT | -$35M |
| EBITDA | -$33M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$32M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$69.0K |
| Change in Working Capital | -$13M |
| OPERATING CASH FLOW | -$38M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$56M |
| Sales/Maturities of Investments | $67M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $10M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $246.0K |
| FREE CASH FLOW | -$40M |
| Net Change in Cash | -$28M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $100M |
| Short-Term Investments | $93M |
| Net Receivables | $601.0K |
| Inventory | $0 |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $199M |
| PP&E (Net) | $62M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $68M |
| TOTAL ASSETS | $267M |
| Account Payables | $7M |
| Short-Term Debt | $0 |
| Deferred Revenue | $20M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $41M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $29M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $73M |
| TOTAL LIABILITIES | $114M |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $553M |
| Retained Earnings | -$398M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $153M |
| Minority Interest | $0 |
| TOTAL EQUITY | $153M |
| TOTAL LIABILITIES & EQUITY | $267M |
| Total Debt | $45M |
| Net Debt | -$55M |
