| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13M | $7M | $10M | 87.0% | 31.8% |
| Op. Income | -$43M | -$49M | -$43M | 11.8% | -0.5% |
| Gross Margin | -261.2% | -579.7% | -348.4% | 318.5pp | 87.2pp |
| Net Margin | -321.1% | -688.7% | -442.1% | 367.6pp | 121.0pp |
| EPS (Diluted) | $-0.65 | $-0.77 | $-0.95 | 15.6% | 31.6% |
| Free Cash Flow | -$51M | -$41M | -$46M | -25.2% | -10.0% |
| Item | Amount |
|---|---|
| REVENUE | $13M |
| Cost of Revenue | $46M |
| GROSS PROFIT | -$33M |
| R&D Expenses | $46M |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | -$46M |
| Operating Expenses | $10M |
| Cost & Expenses | $56M |
| OPERATING INCOME | -$43M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$41M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$41M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$41M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$41M |
| D&A | $2M |
| EBIT | -$43M |
| EBITDA | -$41M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$41M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$762.0K |
| Change in Working Capital | -$19M |
| OPERATING CASH FLOW | -$48M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | -$18M |
| Purchases of Investments | -$23M |
| Sales/Maturities of Investments | $41M |
| Other Investing Activities | $18M |
| NET CASH FROM INVESTING | $16M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$51M |
| Net Change in Cash | -$31M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $34M |
| Short-Term Investments | $244M |
| Net Receivables | $0 |
| Inventory | -$1M |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $288M |
| PP&E (Net) | $29M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $48M |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $82M |
| TOTAL ASSETS | $370M |
| Account Payables | $6M |
| Short-Term Debt | $6M |
| Deferred Revenue | $38M |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $65M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $26M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $31M |
| TOTAL LIABILITIES | $96M |
| Common Stock | $47.0K |
| Additional Paid-In Capital | $719M |
| Retained Earnings | -$442M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $274M |
| Minority Interest | $0 |
| TOTAL EQUITY | $274M |
| TOTAL LIABILITIES & EQUITY | $370M |
| Total Debt | $11M |
| Net Debt | -$23M |
