| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $52M | $77M | — | -32.4% | — |
| Op. Income | -$83M | -$32M | — | -156.5% | — |
| Gross Margin | -22.9% | 16.6% | — | -39.6pp | — |
| Net Margin | -154.2% | -35.7% | — | -118.6pp | — |
| EPS (Diluted) | $-0.25 | $-0.17 | — | -47.1% | — |
| Free Cash Flow | -$137M | -$95M | — | -45.3% | — |
| Item | Amount |
|---|---|
| REVENUE | $52M |
| Cost of Revenue | $64M |
| GROSS PROFIT | -$12M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $29M |
| Other Expenses | $42M |
| Operating Expenses | $71M |
| Cost & Expenses | $134M |
| OPERATING INCOME | -$83M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$80M |
| Income Tax Expense | -$157.0K |
| Net Income from Continuing Ops | -$80M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$80M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$80M |
| D&A | $65M |
| EBIT | -$56M |
| EBITDA | $9M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$80M |
| Depreciation & Amortization | $65M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$131M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $6M |
| NET CASH FROM INVESTING | -$125M |
| Net Debt Issuance | $510.0K |
| Common Stock Repurchased | -$974.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | $132M |
| FREE CASH FLOW | -$137M |
| Net Change in Cash | $931.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $290M |
| Short-Term Investments | $152M |
| Net Receivables | $35M |
| Inventory | $0 |
| Other Current Assets | $36M |
| TOTAL CURRENT ASSETS | $513M |
| PP&E (Net) | $689M |
| Goodwill | $0 |
| Intangible Assets | $17M |
| Long-Term Investments | $109M |
| Tax Assets | $0 |
| Other Non-Current Assets | $127M |
| TOTAL NON-CURRENT ASSETS | $942M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $9M |
| Short-Term Debt | $2M |
| Deferred Revenue | $34M |
| Other Current Liabilities | $17M |
| TOTAL CURRENT LIABILITIES | $71M |
| Long-Term Debt | $700.0K |
| Deferred Revenue NC | $16M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $44M |
| TOTAL LIABILITIES | $115M |
| Common Stock | $2.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$885M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $23M |
| Net Debt | -$267M |
