Q3 2023 Earnings

Reported September 30, 2023

Quarter Comparison

Revenue

Operating Income

EPS (Diluted)

Free Cash Flow

Metric	Q3 2023	Q2 2023	Q3 2022	QoQ Change	YoY Change
Revenue	$0	$0	—	—	—
Op. Income	-$11M	-$8M	—	-36.7%	—
EPS (Diluted)	$-0.32	$-0.23	—	-39.1%	—
Free Cash Flow	-$8M	-$7M	—	-4.5%	—

Income Statement

Item	Amount
REVENUE	$0
Cost of Revenue	$0
GROSS PROFIT	$0
R&D Expenses	$9M
Selling & Marketing	$0
General & Administrative	$2M
SG&A Expenses	$2M
Other Expenses	$0
Operating Expenses	$11M
Cost & Expenses	$11M
OPERATING INCOME	-$11M
Interest Income	$783.0K
Interest Expense	$0
Other Income/Expenses	$783.0K
INCOME BEFORE TAX	-$10M
Income Tax Expense	$0
Net Income from Continuing Ops	-$10M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$10M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$10M
D&A	$40.0K
EBIT	-$11M
EBITDA	-$11M
EPS	-$0
EPS Diluted	-$0

Cash Flow Statement

Item	Amount
Net Income	-$10M
Depreciation & Amortization	$40.0K
Stock-Based Compensation	$596.0K
Deferred Income Tax	$0
Other Non-Cash Items	$9.0K
Change in Working Capital	$2M
OPERATING CASH FLOW	-$8M
Capital Expenditure	-$22.0K
Acquisitions (Net)	$0
Purchases of Investments	-$21M
Sales/Maturities of Investments	$2M
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	$68M
FREE CASH FLOW	-$8M
Net Change in Cash	$42M