| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $16M | $22M | $19M | -29.7% | -18.4% |
| Op. Income | -$62M | -$64M | -$66M | 3.4% | 6.6% |
| Gross Margin | 45.8% | 29.9% | 78.5% | 15.9pp | -32.7pp |
| Net Margin | -405.4% | -283.1% | -348.4% | -122.3pp | -57.0pp |
| EPS (Diluted) | $-1.38 | $-1.43 | $-1.61 | 3.5% | 14.3% |
| Free Cash Flow | -$56M | -$42M | -$86M | -33.7% | 34.7% |
| Item | Amount |
|---|---|
| REVENUE | $16M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $7M |
| R&D Expenses | $51M |
| Selling & Marketing | $0 |
| General & Administrative | $18M |
| SG&A Expenses | $18M |
| Other Expenses | -$34.0K |
| Operating Expenses | $69M |
| Cost & Expenses | $77M |
| OPERATING INCOME | -$62M |
| Interest Income | $37.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$63M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$63M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$63M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$63M |
| D&A | $4M |
| EBIT | -$61M |
| EBITDA | -$57M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$63M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | -$55M |
| Capital Expenditure | -$557.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$55M |
| Sales/Maturities of Investments | $69M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $13M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$11M |
| NET CASH FROM FINANCING | $121M |
| FREE CASH FLOW | -$56M |
| Net Change in Cash | $78M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $113M |
| Short-Term Investments | $226M |
| Net Receivables | $17M |
| Inventory | $0 |
| Other Current Assets | $26M |
| TOTAL CURRENT ASSETS | $395M |
| PP&E (Net) | $185M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $44M |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $234M |
| TOTAL ASSETS | $629M |
| Account Payables | $31M |
| Short-Term Debt | $39M |
| Deferred Revenue | $13.0K |
| Other Current Liabilities | $25M |
| TOTAL CURRENT LIABILITIES | $110M |
| Long-Term Debt | $45M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $128M |
| TOTAL LIABILITIES | $239M |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$768M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $391M |
| Minority Interest | $0 |
| TOTAL EQUITY | $391M |
| TOTAL LIABILITIES & EQUITY | $629M |
| Total Debt | $171M |
| Net Debt | $58M |
