| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $99.0K | $2M | $1M | -94.2% | -92.9% |
| Op. Income | -$35M | -$32M | -$31M | -9.3% | -11.9% |
| Gross Margin | 100.0% | -26.2% | 100.0% | 126.2pp | 0.0pp |
| Net Margin | -33627.3% | -1817.7% | -2219.8% | -31809.6pp | -31407.5pp |
| EPS (Diluted) | $-0.56 | $-0.53 | $-0.54 | -5.7% | -3.7% |
| Free Cash Flow | -$24M | -$34M | -$36M | 30.6% | 34.1% |
| Item | Amount |
|---|---|
| REVENUE | $99.0K |
| Cost of Revenue | $0 |
| GROSS PROFIT | $99.0K |
| R&D Expenses | $23M |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $4M |
| Operating Expenses | $35M |
| Cost & Expenses | $35M |
| OPERATING INCOME | -$35M |
| Interest Income | $3M |
| Interest Expense | $136.0K |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$32M |
| Income Tax Expense | $950.0K |
| Net Income from Continuing Ops | -$33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$33M |
| D&A | $3M |
| EBIT | -$32M |
| EBITDA | -$29M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$33M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | -$787.0K |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | -$19M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | -$11M |
| Purchases of Investments | -$99M |
| Sales/Maturities of Investments | $110M |
| Other Investing Activities | $11M |
| NET CASH FROM INVESTING | $7M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$10M |
| NET CASH FROM FINANCING | -$10M |
| FREE CASH FLOW | -$24M |
| Net Change in Cash | -$22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $64M |
| Short-Term Investments | $92M |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $160.0K |
| TOTAL CURRENT ASSETS | $161M |
| PP&E (Net) | $109M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $147M |
| Tax Assets | $0 |
| Other Non-Current Assets | $555.0K |
| TOTAL NON-CURRENT ASSETS | $256M |
| TOTAL ASSETS | $417M |
| Account Payables | $4M |
| Short-Term Debt | $1M |
| Deferred Revenue | $7M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $19M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $109M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $361.0K |
| TOTAL NON-CURRENT LIABILITIES | $150M |
| TOTAL LIABILITIES | $170M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $832M |
| Retained Earnings | -$584M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $248M |
| Minority Interest | $0 |
| TOTAL EQUITY | $248M |
| TOTAL LIABILITIES & EQUITY | $417M |
| Total Debt | $42M |
| Net Debt | -$22M |
