| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $178M | $84M | -98.6% | -97.0% |
| Op. Income | -$38M | $140M | $28M | -127.0% | -235.1% |
| Gross Margin | -1052.8% | 83.9% | 46.8% | -1136.7pp | -1099.6pp |
| Net Margin | 2453.9% | 13.8% | 14.2% | 2440.1pp | 2439.8pp |
| EPS (Diluted) | $0.51 | $0.16 | $0.01 | 218.8% | 3322.8% |
| Free Cash Flow | $64M | $2.0B | -$402M | -96.8% | 115.8% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $29M |
| GROSS PROFIT | -$26M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $9M |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $11M |
| Cost & Expenses | $40M |
| OPERATING INCOME | -$38M |
| Interest Income | $48M |
| Interest Expense | $184M |
| Other Income/Expenses | $156M |
| INCOME BEFORE TAX | $118M |
| Income Tax Expense | $57M |
| Net Income from Continuing Ops | $61M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $61M |
| Net Income Deductions | $1 |
| BOTTOM LINE NET INCOME | $51M |
| D&A | $0 |
| EBIT | $141M |
| EBITDA | $141M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $61M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $57M |
| Change in Working Capital | -$56M |
| OPERATING CASH FLOW | $64M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$64M |
| Sales/Maturities of Investments | $182M |
| Other Investing Activities | $75M |
| NET CASH FROM INVESTING | $193M |
| Net Debt Issuance | -$305M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$35M |
| Other Financing Activities | $91M |
| NET CASH FROM FINANCING | -$259M |
| FREE CASH FLOW | $64M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $236M |
| Short-Term Investments | $150M |
| Net Receivables | $130M |
| Inventory | $0 |
| Other Current Assets | -$517M |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $4.1B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | -$4.1B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $13.2B |
| Account Payables | $88M |
| Short-Term Debt | $6.2B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $203M |
| TOTAL CURRENT LIABILITIES | $6.5B |
| Long-Term Debt | $4.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $33M |
| TOTAL NON-CURRENT LIABILITIES | $4.8B |
| TOTAL LIABILITIES | $11.3B |
| Common Stock | $868.0K |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | -$516M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $13.2B |
| Total Debt | $10.7B |
| Net Debt | $10.5B |
