| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $26M | $18M | -73.5% | -60.7% |
| Op. Income | -$39M | -$17M | -$26M | -132.4% | -51.7% |
| Gross Margin | -414.6% | -22.2% | -89.7% | -392.4pp | -324.9pp |
| Net Margin | -447.0% | -110.1% | -139.0% | -336.9pp | -308.0pp |
| EPS (Diluted) | $-0.37 | $-0.37 | $-0.37 | 0.0% | 0.0% |
| Free Cash Flow | -$43M | -$20M | -$39M | -112.3% | -9.6% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $36M |
| GROSS PROFIT | -$29M |
| R&D Expenses | $36M |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $46M |
| Cost & Expenses | $46M |
| OPERATING INCOME | -$39M |
| Interest Income | $5M |
| Interest Expense | $254.9K |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | -$31M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$31M |
| D&A | $2M |
| EBIT | -$31M |
| EBITDA | -$29M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$31M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$781.0K |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | -$36M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $4.7K |
| Purchases of Investments | -$150M |
| Sales/Maturities of Investments | $76M |
| Other Investing Activities | -$4.7K |
| NET CASH FROM INVESTING | -$83M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $58M |
| FREE CASH FLOW | -$43M |
| Net Change in Cash | -$55M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $98M |
| Short-Term Investments | $330M |
| Net Receivables | $2M |
| Inventory | $13M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $450M |
| PP&E (Net) | $57M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $61M |
| TOTAL ASSETS | $511M |
| Account Payables | $7M |
| Short-Term Debt | $0 |
| Deferred Revenue | $73M |
| Other Current Liabilities | $34M |
| TOTAL CURRENT LIABILITIES | $142M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $64M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $23.4K |
| TOTAL NON-CURRENT LIABILITIES | $80M |
| TOTAL LIABILITIES | $222M |
| Common Stock | $990.3K |
| Additional Paid-In Capital | $957M |
| Retained Earnings | -$668M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$832.5K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $290M |
| Minority Interest | $0 |
| TOTAL EQUITY | $290M |
| TOTAL LIABILITIES & EQUITY | $511M |
| Total Debt | $19M |
| Net Debt | -$78M |
