| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $20M | — | $14M | — | 43.5% |
| Op. Income | -$120M | — | -$67M | — | -79.8% |
| Gross Margin | 100.1% | — | 140.1% | — | -39.9pp |
| Net Margin | -631.8% | — | -445.6% | — | -186.2pp |
| EPS (Diluted) | $-2.84 | — | $-1.53 | — | -85.5% |
| Free Cash Flow | -$96M | — | -$53M | — | -80.6% |
| Item | Amount |
|---|---|
| REVENUE | $20M |
| Cost of Revenue | -$26.9K |
| GROSS PROFIT | $20M |
| R&D Expenses | $129M |
| Selling & Marketing | $2M |
| General & Administrative | $16M |
| SG&A Expenses | $18M |
| Other Expenses | -$6M |
| Operating Expenses | $141M |
| Cost & Expenses | $141M |
| OPERATING INCOME | -$120M |
| Interest Income | $1M |
| Interest Expense | $6M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | -$128M |
| Income Tax Expense | $709.7K |
| Net Income from Continuing Ops | -$129M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$129M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$129M |
| D&A | $3M |
| EBIT | -$122M |
| EBITDA | -$119M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$129M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | $11M |
| Change in Working Capital | $20M |
| OPERATING CASH FLOW | -$95M |
| Capital Expenditure | -$631.4K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$10M |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | $153.2K |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $6M |
| NET CASH FROM FINANCING | $34M |
| FREE CASH FLOW | -$96M |
| Net Change in Cash | -$70M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $31M |
| Short-Term Investments | $81.8K |
| Net Receivables | $18M |
| Inventory | $487.5K |
| Other Current Assets | $80.7K |
| TOTAL CURRENT ASSETS | $56M |
| PP&E (Net) | $11M |
| Goodwill | $0 |
| Intangible Assets | $632.5K |
| Long-Term Investments | $2M |
| Tax Assets | $263.1K |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $25M |
| TOTAL ASSETS | $81M |
| Account Payables | $44M |
| Short-Term Debt | $4M |
| Deferred Revenue | $7.0K |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $59M |
| Long-Term Debt | $33M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $23M |
| TOTAL NON-CURRENT LIABILITIES | $60M |
| TOTAL LIABILITIES | $119M |
| Common Stock | $609.1K |
| Additional Paid-In Capital | $236M |
| Retained Earnings | -$129M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$145M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$37M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$37M |
| TOTAL LIABILITIES & EQUITY | $81M |
| Total Debt | $44M |
| Net Debt | $12M |
