| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $268.0K | $148.0K | $521.0K | 81.1% | -48.6% |
| Op. Income | -$44M | -$36M | -$33M | -22.8% | -31.4% |
| Gross Margin | -8219.4% | -15297.3% | -549.3% | 7077.9pp | -7670.1pp |
| Net Margin | -14700.7% | -22108.1% | -6081.0% | 7407.4pp | -8619.7pp |
| EPS (Diluted) | $-0.66 | $-0.55 | $-0.54 | -20.0% | -22.2% |
| Free Cash Flow | -$27M | -$17M | -$29M | -60.9% | 6.7% |
| Item | Amount |
|---|---|
| REVENUE | $268.0K |
| Cost of Revenue | $22M |
| GROSS PROFIT | -$22M |
| R&D Expenses | $23M |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | -$10M |
| Operating Expenses | $22M |
| Cost & Expenses | $44M |
| OPERATING INCOME | -$44M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$40M |
| Income Tax Expense | -$869.0K |
| Net Income from Continuing Ops | -$39M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$39M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$39M |
| D&A | $4M |
| EBIT | -$31M |
| EBITDA | -$27M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$39M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $9M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$26M |
| Capital Expenditure | -$980.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$10M |
| Sales/Maturities of Investments | $29M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $19M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$356.0K |
| FREE CASH FLOW | -$27M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $47M |
| Short-Term Investments | $125M |
| Net Receivables | $665.0K |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $177M |
| PP&E (Net) | $92M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $91M |
| Tax Assets | $0 |
| Other Non-Current Assets | $541.0K |
| TOTAL NON-CURRENT ASSETS | $184M |
| TOTAL ASSETS | $361M |
| Account Payables | $3M |
| Short-Term Debt | $2M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $18M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $111M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $56.0K |
| TOTAL NON-CURRENT LIABILITIES | $158M |
| TOTAL LIABILITIES | $176M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $840M |
| Retained Earnings | -$656M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $108.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $185M |
| Minority Interest | $0 |
| TOTAL EQUITY | $185M |
| TOTAL LIABILITIES & EQUITY | $361M |
| Total Debt | $48M |
| Net Debt | $847.0K |
