| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $49M | — | $41M | — | 19.9% |
| Op. Income | -$37M | — | -$75M | — | 51.3% |
| Gross Margin | 100.0% | — | 100.0% | — | 0.0pp |
| Net Margin | -65.2% | — | -133.8% | — | 68.6pp |
| EPS (Diluted) | $-4.78 | — | $-9.99 | — | 52.2% |
| Free Cash Flow | -$53M | — | -$49M | — | -6.7% |
| Item | Amount |
|---|---|
| REVENUE | $49M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $49M |
| R&D Expenses | $52M |
| Selling & Marketing | $0 |
| General & Administrative | $33M |
| SG&A Expenses | $33M |
| Other Expenses | $0 |
| Operating Expenses | $86M |
| Cost & Expenses | $86M |
| OPERATING INCOME | -$37M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$32M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$32M |
| D&A | $386.0K |
| EBIT | -$37M |
| EBITDA | -$36M |
| EPS | -$5 |
| EPS Diluted | -$5 |
| Item | Amount |
|---|---|
| Net Income | -$32M |
| Depreciation & Amortization | $386.0K |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $326.0K |
| Change in Working Capital | -$25M |
| OPERATING CASH FLOW | -$52M |
| Capital Expenditure | -$35.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$102M |
| Sales/Maturities of Investments | $155M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $54M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$40.0K |
| NET CASH FROM FINANCING | -$40.0K |
| FREE CASH FLOW | -$53M |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $17M |
| Short-Term Investments | $84M |
| Net Receivables | $85.0K |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $108M |
| PP&E (Net) | $13M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $13M |
| TOTAL ASSETS | $121M |
| Account Payables | $6M |
| Short-Term Debt | $0 |
| Deferred Revenue | $317.0K |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $20M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $65M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $76M |
| TOTAL LIABILITIES | $96M |
| Common Stock | $0 |
| Additional Paid-In Capital | $431M |
| Retained Earnings | -$406M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $25M |
| Minority Interest | $0 |
| TOTAL EQUITY | $25M |
| TOTAL LIABILITIES & EQUITY | $121M |
| Total Debt | $13M |
| Net Debt | -$4M |
