| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $173M | $157M | $149M | 9.9% | 15.6% |
| Op. Income | -$730M | -$737M | -$772M | 0.9% | 5.5% |
| Gross Margin | -134.3% | -160.9% | -235.0% | 26.6pp | 100.6pp |
| Net Margin | -394.2% | -416.0% | -521.7% | 21.9pp | 127.5pp |
| EPS (Diluted) | $-2.97 | $-2.85 | $-4.26 | -4.2% | 30.3% |
| Free Cash Flow | -$715M | -$747M | -$1.0B | 4.3% | 31.5% |
| Item | Amount |
|---|---|
| REVENUE | $173M |
| Cost of Revenue | $405M |
| GROSS PROFIT | -$232M |
| R&D Expenses | $285M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $213M |
| Other Expenses | $0 |
| Operating Expenses | $498M |
| Cost & Expenses | $903M |
| OPERATING INCOME | -$730M |
| Interest Income | $51M |
| Interest Expense | $8M |
| Other Income/Expenses | $49M |
| INCOME BEFORE TAX | -$681M |
| Income Tax Expense | $188.0K |
| Net Income from Continuing Ops | -$681M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$681M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$685M |
| D&A | $69M |
| EBIT | -$673M |
| EBITDA | -$604M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$681M |
| Depreciation & Amortization | $69M |
| Stock-Based Compensation | $64M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $119M |
| Change in Working Capital | -$87M |
| OPERATING CASH FLOW | -$517M |
| Capital Expenditure | -$198M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$515M |
| Sales/Maturities of Investments | $1.0B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $318M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $997M |
| FREE CASH FLOW | -$715M |
| Net Change in Cash | $798M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.2B |
| Short-Term Investments | $1.8B |
| Net Receivables | $127M |
| Inventory | $566M |
| Other Current Assets | $75M |
| TOTAL CURRENT ASSETS | $4.8B |
| PP&E (Net) | $3.2B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $688M |
| Tax Assets | $0 |
| Other Non-Current Assets | $185M |
| TOTAL NON-CURRENT ASSETS | $4.1B |
| TOTAL ASSETS | $8.9B |
| Account Payables | $101M |
| Short-Term Debt | $73M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $679M |
| TOTAL CURRENT LIABILITIES | $1.0B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.3B |
| TOTAL NON-CURRENT LIABILITIES | $3.6B |
| TOTAL LIABILITIES | $4.7B |
| Common Stock | $231.0K |
| Additional Paid-In Capital | $15.1B |
| Retained Earnings | -$10.9B |
| Treasury Stock | -$21M |
| Accum. Other Comp. Income | -$2M |
| Other Equity | -$504M |
| TOTAL STOCKHOLDERS' EQUITY | $4.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.2B |
| TOTAL LIABILITIES & EQUITY | $8.9B |
| Total Debt | $2.4B |
| Net Debt | $254M |
