| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $94M | — | $36M | — | 158.7% |
| Op. Income | -$118M | — | -$124M | — | 4.7% |
| Gross Margin | 41.8% | — | 2.0% | — | 39.8pp |
| Net Margin | -63.6% | — | -308.5% | — | 244.9pp |
| EPS (Diluted) | $-0.33 | — | $-0.68 | — | 51.5% |
| Free Cash Flow | $9M | — | -$143M | — | 106.5% |
| Item | Amount |
|---|---|
| REVENUE | $94M |
| Cost of Revenue | $55M |
| GROSS PROFIT | $39M |
| R&D Expenses | $101M |
| Selling & Marketing | $24M |
| General & Administrative | $32M |
| SG&A Expenses | $56M |
| Other Expenses | $0 |
| Operating Expenses | $157M |
| Cost & Expenses | $212M |
| OPERATING INCOME | -$118M |
| Interest Income | $14M |
| Interest Expense | $5M |
| Other Income/Expenses | $58M |
| INCOME BEFORE TAX | -$60M |
| Income Tax Expense | $5.0K |
| Net Income from Continuing Ops | -$60M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$60M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$60M |
| D&A | $6M |
| EBIT | -$54M |
| EBITDA | -$49M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$60M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$43M |
| Change in Working Capital | $94M |
| OPERATING CASH FLOW | $16M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$872M |
| Sales/Maturities of Investments | $499M |
| Other Investing Activities | -$17M |
| NET CASH FROM INVESTING | -$396M |
| Net Debt Issuance | -$758.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $831.0K |
| FREE CASH FLOW | $9M |
| Net Change in Cash | -$380M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $898M |
| Short-Term Investments | $405M |
| Net Receivables | $78M |
| Inventory | $22M |
| Other Current Assets | $359.0K |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $186M |
| Goodwill | $0 |
| Intangible Assets | $169M |
| Long-Term Investments | $4M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $361M |
| TOTAL ASSETS | $1.8B |
| Account Payables | $39M |
| Short-Term Debt | $0 |
| Deferred Revenue | $64M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $250M |
| Long-Term Debt | $286M |
| Deferred Revenue NC | $30M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $30.0K |
| TOTAL NON-CURRENT LIABILITIES | $361M |
| TOTAL LIABILITIES | $611M |
| Common Stock | $36.0K |
| Additional Paid-In Capital | $2.6B |
| Retained Earnings | -$1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $66M |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $335M |
| Net Debt | -$563M |
