| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11M | $10M | $73M | 3.1% | -85.3% |
| Op. Income | -$49M | -$36M | $12M | -39.0% | -511.9% |
| Gross Margin | -343.2% | 99.2% | 35.1% | -442.4pp | -378.3pp |
| Net Margin | -429.8% | 168.8% | 17.5% | -598.6pp | -447.3pp |
| EPS (Diluted) | $-0.74 | $0.28 | $0.21 | -364.3% | -452.4% |
| Free Cash Flow | -$29M | -$36M | $29M | 19.8% | -199.1% |
| Item | Amount |
|---|---|
| REVENUE | $11M |
| Cost of Revenue | $48M |
| GROSS PROFIT | -$37M |
| R&D Expenses | $47M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$35M |
| Operating Expenses | $13M |
| Cost & Expenses | $60M |
| OPERATING INCOME | -$49M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$46M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$46M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$46M |
| D&A | $2M |
| EBIT | -$49M |
| EBITDA | -$47M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$46M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $13M |
| OPERATING CASH FLOW | -$28M |
| Capital Expenditure | -$620.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$22M |
| Sales/Maturities of Investments | $62M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $39M |
| Net Debt Issuance | -$1.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $273.0K |
| FREE CASH FLOW | -$29M |
| Net Change in Cash | $11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $101M |
| Short-Term Investments | $129M |
| Net Receivables | $10M |
| Inventory | $1M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $251M |
| PP&E (Net) | $46M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $47M |
| TOTAL ASSETS | $298M |
| Account Payables | $6M |
| Short-Term Debt | $0 |
| Deferred Revenue | $22M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $56M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $59M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $258.0K |
| TOTAL NON-CURRENT LIABILITIES | $90M |
| TOTAL LIABILITIES | $146M |
| Common Stock | $621.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $153M |
| Minority Interest | $0 |
| TOTAL EQUITY | $153M |
| TOTAL LIABILITIES & EQUITY | $298M |
| Total Debt | $34M |
| Net Debt | -$67M |
