| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $368M | $311M | $242M | 18.2% | 52.1% |
| Op. Income | -$74M | -$85M | -$138M | 12.1% | 46.3% |
| Gross Margin | 56.7% | 51.4% | 38.7% | 5.3pp | 18.0pp |
| Net Margin | -18.4% | -25.1% | -56.6% | 6.7pp | 38.3pp |
| EPS (Diluted) | $-0.56 | $-0.65 | $-1.23 | 13.8% | 54.5% |
| Free Cash Flow | $7M | -$68M | -$92M | 109.9% | 107.2% |
| Item | Amount |
|---|---|
| REVENUE | $368M |
| Cost of Revenue | $159M |
| GROSS PROFIT | $209M |
| R&D Expenses | $89M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $194M |
| Other Expenses | $0 |
| Operating Expenses | $283M |
| Cost & Expenses | $442M |
| OPERATING INCOME | -$74M |
| Interest Income | $10M |
| Interest Expense | $3M |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | -$67M |
| Income Tax Expense | $428.0K |
| Net Income from Continuing Ops | -$68M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$68M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$68M |
| D&A | $11M |
| EBIT | -$64M |
| EBITDA | -$53M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$68M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $64M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $19M |
| OPERATING CASH FLOW | $27M |
| Capital Expenditure | -$20M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $169M |
| Other Investing Activities | -$10M |
| NET CASH FROM INVESTING | $138M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | $7M |
| Net Change in Cash | $172M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $814M |
| Short-Term Investments | $69M |
| Net Receivables | $289M |
| Inventory | $43M |
| Other Current Assets | $47M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $180M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $26M |
| TOTAL NON-CURRENT ASSETS | $207M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $26M |
| Short-Term Debt | $80M |
| Deferred Revenue | $18M |
| Other Current Liabilities | $65M |
| TOTAL CURRENT LIABILITIES | $306M |
| Long-Term Debt | $283M |
| Deferred Revenue NC | $21M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $368M |
| TOTAL LIABILITIES | $674M |
| Common Stock | $12.0K |
| Additional Paid-In Capital | $3.2B |
| Retained Earnings | -$2.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $794M |
| Minority Interest | $0 |
| TOTAL EQUITY | $794M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $440M |
| Net Debt | -$374M |
