| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $158M | $29M | -95.7% | -76.7% |
| Op. Income | -$124M | $18M | -$46M | -785.2% | -170.2% |
| Gross Margin | -766.8% | 60.0% | -104.3% | -826.8pp | -662.5pp |
| Net Margin | -1675.3% | 13.4% | -147.0% | -1688.7pp | -1528.3pp |
| EPS (Diluted) | $-0.66 | $0.12 | $-0.29 | -650.0% | -127.6% |
| Free Cash Flow | -$66M | -$77M | -$59M | 13.4% | -11.5% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $59M |
| GROSS PROFIT | -$52M |
| R&D Expenses | $63M |
| Selling & Marketing | $0 |
| General & Administrative | $15M |
| SG&A Expenses | $15M |
| Other Expenses | -$7M |
| Operating Expenses | $71M |
| Cost & Expenses | $130M |
| OPERATING INCOME | -$124M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$121M |
| Income Tax Expense | -$6M |
| Net Income from Continuing Ops | -$115M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$115M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$115M |
| D&A | $4M |
| EBIT | -$67M |
| EBITDA | -$63M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$115M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $44M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$61M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$16M |
| Sales/Maturities of Investments | $64M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $42M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $525.0K |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | -$66M |
| Net Change in Cash | -$11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $67M |
| Short-Term Investments | $76M |
| Net Receivables | $4M |
| Inventory | $0 |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $160M |
| PP&E (Net) | $107M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $39M |
| Tax Assets | $0 |
| Other Non-Current Assets | $19M |
| TOTAL NON-CURRENT ASSETS | $165M |
| TOTAL ASSETS | $325M |
| Account Payables | $15M |
| Short-Term Debt | $0 |
| Deferred Revenue | $7M |
| Other Current Liabilities | $19M |
| TOTAL CURRENT LIABILITIES | $54M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $38M |
| TOTAL LIABILITIES | $91M |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $234M |
| Minority Interest | $0 |
| TOTAL EQUITY | $234M |
| TOTAL LIABILITIES & EQUITY | $325M |
| Total Debt | $36M |
| Net Debt | -$30M |
