| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $268M | $261M | $211M | 2.6% | 27.4% |
| Op. Income | -$111M | -$112M | -$119M | 1.3% | 6.8% |
| Gross Margin | 45.1% | 45.2% | 44.7% | -0.1pp | 0.4pp |
| Net Margin | -40.6% | -42.4% | -57.7% | 1.8pp | 17.0pp |
| EPS (Diluted) | $-0.95 | $-0.97 | $-1.25 | 2.1% | 24.0% |
| Free Cash Flow | -$39M | -$87M | -$114M | 55.7% | 66.2% |
| Item | Amount |
|---|---|
| REVENUE | $268M |
| Cost of Revenue | $147M |
| GROSS PROFIT | $121M |
| R&D Expenses | $77M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $155M |
| Other Expenses | $0 |
| Operating Expenses | $232M |
| Cost & Expenses | $379M |
| OPERATING INCOME | -$111M |
| Interest Income | $5M |
| Interest Expense | $3M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$109M |
| Income Tax Expense | $202.0K |
| Net Income from Continuing Ops | -$109M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$109M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$109M |
| D&A | $11M |
| EBIT | -$106M |
| EBITDA | -$95M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$109M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $58M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | -$30M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $90M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $81M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $236M |
| NET CASH FROM FINANCING | $236M |
| FREE CASH FLOW | -$39M |
| Net Change in Cash | $288M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $669M |
| Short-Term Investments | $268M |
| Net Receivables | $255M |
| Inventory | $42M |
| Other Current Assets | $33M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $163M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $16M |
| TOTAL NON-CURRENT ASSETS | $179M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $21M |
| Short-Term Debt | $80M |
| Deferred Revenue | $15M |
| Other Current Liabilities | $56M |
| TOTAL CURRENT LIABILITIES | $290M |
| Long-Term Debt | $283M |
| Deferred Revenue NC | $21M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $372M |
| TOTAL LIABILITIES | $662M |
| Common Stock | $11.0K |
| Additional Paid-In Capital | $3.1B |
| Retained Earnings | -$2.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $785M |
| Minority Interest | $0 |
| TOTAL EQUITY | $785M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $442M |
| Net Debt | -$226M |
