| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $36M | $34M | $61M | 5.2% | -40.6% |
| Op. Income | -$76M | -$66M | -$63M | -15.0% | -20.8% |
| Gross Margin | 90.3% | 85.7% | -53.3% | 4.7pp | 143.7pp |
| Net Margin | -212.1% | -192.6% | -103.9% | -19.6pp | -108.2pp |
| EPS (Diluted) | $-0.81 | $-0.70 | $-0.68 | -15.7% | -19.1% |
| Free Cash Flow | -$102M | -$53M | -$45M | -93.4% | -126.5% |
| Item | Amount |
|---|---|
| REVENUE | $36M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $33M |
| R&D Expenses | $74M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $34M |
| Other Expenses | $0 |
| Operating Expenses | $109M |
| Cost & Expenses | $112M |
| OPERATING INCOME | -$76M |
| Interest Income | $1M |
| Interest Expense | $2M |
| Other Income/Expenses | -$540.0K |
| INCOME BEFORE TAX | -$77M |
| Income Tax Expense | $74.0K |
| Net Income from Continuing Ops | -$77M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$77M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$77M |
| D&A | $3M |
| EBIT | -$75M |
| EBITDA | -$72M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$77M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$46M |
| OPERATING CASH FLOW | -$102M |
| Capital Expenditure | -$591.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $107M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $103M |
| Net Debt Issuance | -$172.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $907.0K |
| NET CASH FROM FINANCING | $31M |
| FREE CASH FLOW | -$102M |
| Net Change in Cash | $33M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $189M |
| Short-Term Investments | $167M |
| Net Receivables | $18M |
| Inventory | $42M |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $431M |
| PP&E (Net) | $95M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $6M |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $108M |
| TOTAL ASSETS | $539M |
| Account Payables | $71M |
| Short-Term Debt | $0 |
| Deferred Revenue | $16M |
| Other Current Liabilities | $145M |
| TOTAL CURRENT LIABILITIES | $255M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $163M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $73M |
| TOTAL NON-CURRENT LIABILITIES | $313M |
| TOTAL LIABILITIES | $567M |
| Common Stock | $966.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$49M |
| Minority Interest | $20M |
| TOTAL EQUITY | -$29M |
| TOTAL LIABILITIES & EQUITY | $539M |
| Total Debt | $87M |
| Net Debt | -$102M |
