| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $29M | -$2M | $13M | 1609.4% | 129.5% |
| Op. Income | -$114M | -$140M | -$112M | 18.5% | -1.8% |
| Gross Margin | 91.3% | 228.6% | -670.4% | -137.3pp | 761.7pp |
| Net Margin | -371.3% | 6894.2% | -818.1% | -7265.5pp | 446.8pp |
| EPS (Diluted) | $-1.12 | $-1.46 | $-1.17 | 23.3% | 4.3% |
| Free Cash Flow | -$123M | -$95M | -$113M | -30.2% | -8.8% |
| Item | Amount |
|---|---|
| REVENUE | $29M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $26M |
| R&D Expenses | $109M |
| Selling & Marketing | $0 |
| General & Administrative | $31M |
| SG&A Expenses | $31M |
| Other Expenses | $0 |
| Operating Expenses | $140M |
| Cost & Expenses | $143M |
| OPERATING INCOME | -$114M |
| Interest Income | $13M |
| Interest Expense | $0 |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | -$107M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$107M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$107M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$107M |
| D&A | $3M |
| EBIT | -$114M |
| EBITDA | -$111M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$107M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $34M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$20M |
| Change in Working Capital | -$30M |
| OPERATING CASH FLOW | -$121M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$260M |
| Sales/Maturities of Investments | $268M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $6M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $60M |
| FREE CASH FLOW | -$123M |
| Net Change in Cash | -$55M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $172M |
| Short-Term Investments | $619M |
| Net Receivables | $36M |
| Inventory | $0 |
| Other Current Assets | $56M |
| TOTAL CURRENT ASSETS | $884M |
| PP&E (Net) | $142M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $233M |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $376M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $14M |
| Short-Term Debt | $0 |
| Deferred Revenue | $22M |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $98M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $33M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $126M |
| TOTAL LIABILITIES | $223M |
| Common Stock | $10.0K |
| Additional Paid-In Capital | $2.8B |
| Retained Earnings | -$1.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$947.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $111M |
| Net Debt | -$61M |
