| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | $4M | $30M | 126.8% | -72.9% |
| Op. Income | -$34M | -$33M | $660.0K | -2.5% | -5179.7% |
| Gross Margin | 87.7% | 71.8% | 96.9% | 15.9pp | -9.2pp |
| Net Margin | -341.4% | -788.0% | 5.4% | 446.6pp | -346.8pp |
| EPS (Diluted) | $-0.46 | $-0.50 | $0.06 | 8.0% | -836.0% |
| Free Cash Flow | -$31M | -$34M | -$25M | 10.4% | -21.8% |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $986.0K |
| GROSS PROFIT | $7M |
| R&D Expenses | $34M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $7M |
| Other Expenses | $0 |
| Operating Expenses | $41M |
| Cost & Expenses | $42M |
| OPERATING INCOME | -$34M |
| Interest Income | $6M |
| Interest Expense | $0 |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | -$27M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$27M |
| D&A | $986.0K |
| EBIT | -$27M |
| EBITDA | -$26M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$27M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | -$30M |
| Capital Expenditure | -$603.0K |
| Acquisitions (Net) | -$52M |
| Purchases of Investments | -$82M |
| Sales/Maturities of Investments | $134M |
| Other Investing Activities | $52M |
| NET CASH FROM INVESTING | $51M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $28M |
| FREE CASH FLOW | -$31M |
| Net Change in Cash | $49M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $152M |
| Short-Term Investments | $317M |
| Net Receivables | $7M |
| Inventory | $0 |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $482M |
| PP&E (Net) | $8M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $42M |
| Tax Assets | $0 |
| Other Non-Current Assets | $827.0K |
| TOTAL NON-CURRENT ASSETS | $51M |
| TOTAL ASSETS | $533M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $25M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $25M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $823M |
| Retained Earnings | -$314M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$750.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $508M |
| Minority Interest | $0 |
| TOTAL EQUITY | $508M |
| TOTAL LIABILITIES & EQUITY | $533M |
| Total Debt | $2M |
| Net Debt | -$150M |
