| Metric | FY 2023 | Prior Q | FY 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14M | — | $16M | — | -12.0% |
| Op. Income | -$137M | — | -$116M | — | -17.8% |
| Gross Margin | 100.0% | — | 100.0% | — | 0.0pp |
| Net Margin | -599.5% | — | -814.2% | — | 214.7pp |
| EPS (Diluted) | $-1.49 | — | $-3.16 | — | 52.8% |
| Free Cash Flow | -$126M | — | -$118M | — | -6.3% |
| Item | Amount |
|---|---|
| REVENUE | $14M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $14M |
| R&D Expenses | $104M |
| Selling & Marketing | $0 |
| General & Administrative | $47M |
| SG&A Expenses | $47M |
| Other Expenses | $0 |
| Operating Expenses | $151M |
| Cost & Expenses | $151M |
| OPERATING INCOME | -$137M |
| Interest Income | $2M |
| Interest Expense | $13M |
| Other Income/Expenses | $53M |
| INCOME BEFORE TAX | -$84M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$84M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$84M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$84M |
| D&A | $14M |
| EBIT | -$71M |
| EBITDA | -$57M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$84M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $28M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$62M |
| Change in Working Capital | -$983.0K |
| OPERATING CASH FLOW | -$105M |
| Capital Expenditure | -$20M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $54M |
| NET CASH FROM INVESTING | $34M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | $84M |
| FREE CASH FLOW | -$126M |
| Net Change in Cash | $15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $130M |
| Short-Term Investments | $0 |
| Net Receivables | $23M |
| Inventory | $0 |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $160M |
| PP&E (Net) | $156M |
| Goodwill | $0 |
| Intangible Assets | $1M |
| Long-Term Investments | $7M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $167M |
| TOTAL ASSETS | $327M |
| Account Payables | $16M |
| Short-Term Debt | $0 |
| Deferred Revenue | $3M |
| Other Current Liabilities | $41M |
| TOTAL CURRENT LIABILITIES | $67M |
| Long-Term Debt | $72M |
| Deferred Revenue NC | $34M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $121M |
| TOTAL LIABILITIES | $189M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $694M |
| Retained Earnings | -$554M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $138M |
| Minority Interest | $0 |
| TOTAL EQUITY | $138M |
| TOTAL LIABILITIES & EQUITY | $327M |
| Total Debt | $89M |
| Net Debt | -$40M |
