| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $127M | $98M | $103M | 29.9% | 23.3% |
| Op. Income | -$122M | -$145M | -$146M | 15.9% | 16.2% |
| Gross Margin | 90.5% | 88.8% | 94.9% | 1.7pp | -4.3pp |
| Net Margin | -96.7% | -162.8% | -146.9% | 66.1pp | 50.2pp |
| EPS (Diluted) | $-1.52 | $-2.23 | $-2.16 | 31.8% | 29.6% |
| Free Cash Flow | -$86M | -$122M | -$117M | 29.7% | 27.1% |
| Item | Amount |
|---|---|
| REVENUE | $127M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $115M |
| R&D Expenses | $161M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $77M |
| Other Expenses | $0 |
| Operating Expenses | $237M |
| Cost & Expenses | $249M |
| OPERATING INCOME | -$122M |
| Interest Income | $9M |
| Interest Expense | $17M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | -$127M |
| Income Tax Expense | -$4M |
| Net Income from Continuing Ops | -$123M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$123M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$123M |
| D&A | $8M |
| EBIT | -$110M |
| EBITDA | -$101M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$123M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $34M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$16M |
| Change in Working Capital | $13M |
| OPERATING CASH FLOW | -$84M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$222M |
| Sales/Maturities of Investments | $116M |
| Other Investing Activities | -$271.0K |
| NET CASH FROM INVESTING | -$107M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | $331M |
| FREE CASH FLOW | -$86M |
| Net Change in Cash | $141M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $214M |
| Short-Term Investments | $364M |
| Net Receivables | $73M |
| Inventory | $34M |
| Other Current Assets | $48M |
| TOTAL CURRENT ASSETS | $732M |
| PP&E (Net) | $291M |
| Goodwill | $44M |
| Intangible Assets | $166M |
| Long-Term Investments | $200M |
| Tax Assets | $0 |
| Other Non-Current Assets | $58M |
| TOTAL NON-CURRENT ASSETS | $759M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $42M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $46M |
| TOTAL CURRENT LIABILITIES | $280M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $30M |
| Other Non-Current Liabilities | $875M |
| TOTAL NON-CURRENT LIABILITIES | $935M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $82.0K |
| Additional Paid-In Capital | $3.7B |
| Retained Earnings | -$3.4B |
| Treasury Stock | -$432.0K |
| Accum. Other Comp. Income | $647.0K |
| Other Equity | $432.0K |
| TOTAL STOCKHOLDERS' EQUITY | $275M |
| Minority Interest | $0 |
| TOTAL EQUITY | $275M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $43M |
| Net Debt | -$170M |
