| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $0 | $0 | — | — |
| Op. Income | -$26M | -$27M | -$19M | 4.7% | -34.9% |
| Gross Margin | 96.0% | — | — | — | — |
| Net Margin | -330.0% | — | — | — | — |
| EPS (Diluted) | $-0.32 | $-0.34 | $-0.23 | 5.9% | -39.1% |
| Free Cash Flow | -$20M | -$23M | -$17M | 11.5% | -19.9% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $278.0K |
| GROSS PROFIT | $7M |
| R&D Expenses | $24M |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | -$278.0K |
| Operating Expenses | $32M |
| Cost & Expenses | $33M |
| OPERATING INCOME | -$26M |
| Interest Income | $3M |
| Interest Expense | $396.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$23M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$23M |
| D&A | $278.0K |
| EBIT | -$23M |
| EBITDA | -$22M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$23M |
| Depreciation & Amortization | $278.0K |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $58.0K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$20M |
| Capital Expenditure | -$136.0K |
| Acquisitions (Net) | $5.0K |
| Purchases of Investments | -$35M |
| Sales/Maturities of Investments | $54M |
| 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 | $43.0K |
| FREE CASH FLOW | -$20M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $26M |
| Short-Term Investments | $192M |
| Net Receivables | $7M |
| Inventory | $0 |
| Other Current Assets | $935.0K |
| TOTAL CURRENT ASSETS | $231M |
| PP&E (Net) | $12M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $19M |
| TOTAL ASSETS | $249M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $17M |
| Long-Term Debt | $10M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $17M |
| TOTAL LIABILITIES | $33M |
| Common Stock | $73.0K |
| Additional Paid-In Capital | $535M |
| Retained Earnings | -$319M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$687.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $216M |
| Minority Interest | $0 |
| TOTAL EQUITY | $216M |
| TOTAL LIABILITIES & EQUITY | $249M |
| Total Debt | $20M |
| Net Debt | -$7M |
