| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $5M | -$5M | -60.0% | 138.6% |
| Op. Income | -$44M | -$33M | -$41M | -33.6% | -6.6% |
| Gross Margin | -91.8% | 100.0% | 100.0% | -191.8pp | -191.8pp |
| Net Margin | 990.9% | -868.1% | 516.5% | 1859.0pp | 474.4pp |
| EPS (Diluted) | $0.32 | $-0.74 | $-0.31 | 143.2% | 203.2% |
| Free Cash Flow | -$18M | -$28M | -$25M | 37.2% | 29.0% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $4M |
| GROSS PROFIT | -$2M |
| R&D Expenses | $34M |
| Selling & Marketing | -$4M |
| General & Administrative | $12M |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $42M |
| Cost & Expenses | $46M |
| OPERATING INCOME | -$44M |
| Interest Income | $549.0K |
| Interest Expense | $3M |
| Other Income/Expenses | $64M |
| INCOME BEFORE TAX | $20M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $4M |
| EBIT | $24M |
| EBITDA | $28M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $20M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$66M |
| Change in Working Capital | $20M |
| OPERATING CASH FLOW | -$15M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $54M |
| NET CASH FROM INVESTING | $51M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $28M |
| FREE CASH FLOW | -$18M |
| Net Change in Cash | $66M |
| 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 | $8M |
| Tax Assets | $131M |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $299M |
| TOTAL ASSETS | $458M |
| 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 | $131M |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $253M |
| TOTAL LIABILITIES | $320M |
| 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 | $458M |
| Total Debt | $89M |
| Net Debt | -$40M |
