| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $98M | $108M | $91M | -9.5% | 8.1% |
| Op. Income | -$145M | -$148M | -$225M | 1.9% | 35.5% |
| Gross Margin | 88.8% | 90.8% | 90.5% | -2.1pp | -1.7pp |
| Net Margin | -162.8% | -147.6% | -270.2% | -15.3pp | 107.4pp |
| EPS (Diluted) | $-2.23 | $-2.25 | $-3.50 | 0.9% | 36.3% |
| Free Cash Flow | -$122M | -$133M | -$121M | 8.3% | -0.1% |
| Item | Amount |
|---|---|
| REVENUE | $98M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $87M |
| R&D Expenses | $157M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $75M |
| Other Expenses | $0 |
| Operating Expenses | $232M |
| Cost & Expenses | $243M |
| OPERATING INCOME | -$145M |
| Interest Income | $6M |
| Interest Expense | $18M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | -$159M |
| Income Tax Expense | $650.0K |
| Net Income from Continuing Ops | -$160M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$160M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$160M |
| D&A | $7M |
| EBIT | -$141M |
| EBITDA | -$134M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$160M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $35M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$118M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$139M |
| Sales/Maturities of Investments | $208M |
| Other Investing Activities | -$428.0K |
| NET CASH FROM INVESTING | $64M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $442.0K |
| NET CASH FROM FINANCING | $25M |
| FREE CASH FLOW | -$122M |
| Net Change in Cash | -$29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $73M |
| Short-Term Investments | $370M |
| Net Receivables | $79M |
| Inventory | $32M |
| Other Current Assets | $46M |
| TOTAL CURRENT ASSETS | $599M |
| PP&E (Net) | $323M |
| Goodwill | $44M |
| Intangible Assets | $157M |
| Long-Term Investments | $86M |
| Tax Assets | $0 |
| Other Non-Current Assets | $28M |
| TOTAL NON-CURRENT ASSETS | $639M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $33M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $30M |
| TOTAL CURRENT LIABILITIES | $254M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $32M |
| Other Non-Current Liabilities | $886M |
| TOTAL NON-CURRENT LIABILITIES | $952M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $72.0K |
| Additional Paid-In Capital | $3.3B |
| Retained Earnings | -$3.3B |
| Treasury Stock | -$381.0K |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $381.0K |
| TOTAL STOCKHOLDERS' EQUITY | $32M |
| Minority Interest | $0 |
| TOTAL EQUITY | $32M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $47M |
| Net Debt | -$26M |
