| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | -$2M | — | $14M | — | -114.1% |
| Op. Income | -$140M | — | -$110M | — | -27.1% |
| Gross Margin | 228.6% | — | -637.0% | — | 865.6pp |
| Net Margin | 6894.2% | — | -835.5% | — | 7729.7pp |
| EPS (Diluted) | $-1.46 | — | $-1.40 | — | -4.6% |
| Free Cash Flow | -$95M | -$106M | -$94M | 10.5% | -0.8% |
| Item | Amount |
|---|---|
| REVENUE | -$2M |
| Cost of Revenue | $2M |
| GROSS PROFIT | -$4M |
| R&D Expenses | $109M |
| Selling & Marketing | $0 |
| General & Administrative | $29M |
| SG&A Expenses | $29M |
| Other Expenses | -$2M |
| Operating Expenses | $136M |
| Cost & Expenses | $138M |
| OPERATING INCOME | -$140M |
| Interest Income | $12M |
| Interest Expense | $0 |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | -$132M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$132M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$132M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$132M |
| D&A | $2M |
| EBIT | -$140M |
| EBITDA | -$137M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$132M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $35M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$93M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$150M |
| Sales/Maturities of Investments | $197M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $46M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $106M |
| FREE CASH FLOW | -$95M |
| Net Change in Cash | $59M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $227M |
| Short-Term Investments | $685M |
| Net Receivables | $36M |
| Inventory | $0 |
| Other Current Assets | $50M |
| TOTAL CURRENT ASSETS | $998M |
| PP&E (Net) | $148M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $155M |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $303M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $7M |
| Short-Term Debt | $0 |
| Deferred Revenue | $22M |
| Other Current Liabilities | $27M |
| TOTAL CURRENT LIABILITIES | $115M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $39M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $136M |
| TOTAL LIABILITIES | $251M |
| Common Stock | $9.0K |
| Additional Paid-In Capital | $2.7B |
| Retained Earnings | -$1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $115M |
| Net Debt | -$111M |
