| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $22M | $24M | $22M | -9.4% | 0.2% |
| Op. Income | -$35M | -$34M | -$135M | -5.7% | 73.7% |
| Gross Margin | 60.6% | 69.5% | 67.3% | -8.9pp | -6.7pp |
| Net Margin | -170.1% | -176.2% | -634.5% | 6.1pp | 464.4pp |
| EPS (Diluted) | $-2.83 | $-3.30 | $-10.95 | 14.2% | 74.2% |
| Free Cash Flow | -$48M | -$47M | -$52M | -1.6% | 8.2% |
| Item | Amount |
|---|---|
| REVENUE | $22M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $13M |
| R&D Expenses | $27M |
| Selling & Marketing | $0 |
| General & Administrative | $20M |
| SG&A Expenses | $20M |
| Other Expenses | $975.0K |
| Operating Expenses | $49M |
| Cost & Expenses | $57M |
| OPERATING INCOME | -$35M |
| Interest Income | $4M |
| Interest Expense | $6M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$37M |
| Income Tax Expense | -$35.0K |
| Net Income from Continuing Ops | -$37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$37M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$37M |
| D&A | $2M |
| EBIT | -$31M |
| EBITDA | -$30M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$37M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$38.0K |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | -$48M |
| Capital Expenditure | -$157.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$105M |
| Sales/Maturities of Investments | $124M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $19M |
| Net Debt Issuance | $15M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $42M |
| FREE CASH FLOW | -$48M |
| Net Change in Cash | $15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $49M |
| Short-Term Investments | $241M |
| Net Receivables | $5M |
| Inventory | $16M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $320M |
| PP&E (Net) | $35M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $37M |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $76M |
| TOTAL ASSETS | $396M |
| Account Payables | $9M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $52M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $122M |
| TOTAL NON-CURRENT LIABILITIES | $217M |
| TOTAL LIABILITIES | $269M |
| Common Stock | $19.0K |
| Additional Paid-In Capital | $3.6B |
| Retained Earnings | -$3.5B |
| Treasury Stock | -$3M |
| Accum. Other Comp. Income | -$403.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $127M |
| Minority Interest | $0 |
| TOTAL EQUITY | $127M |
| TOTAL LIABILITIES & EQUITY | $396M |
| Total Debt | $114M |
| Net Debt | $65M |
