| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9M | $7M | $26M | 37.5% | -64.5% |
| Op. Income | -$106M | -$124M | -$55M | 13.9% | -93.8% |
| Gross Margin | -507.5% | -766.8% | -146.1% | 259.3pp | -361.4pp |
| Net Margin | -1108.4% | -1675.3% | -200.9% | 566.9pp | -907.5pp |
| EPS (Diluted) | $-0.59 | $-0.66 | $-0.34 | 10.6% | -73.5% |
| Free Cash Flow | -$50M | -$66M | -$58M | 24.5% | 13.8% |
| Item | Amount |
|---|---|
| REVENUE | $9M |
| Cost of Revenue | $57M |
| GROSS PROFIT | -$48M |
| R&D Expenses | $57M |
| Selling & Marketing | $0 |
| General & Administrative | $14M |
| SG&A Expenses | $14M |
| Other Expenses | -$12M |
| Operating Expenses | $59M |
| Cost & Expenses | $116M |
| OPERATING INCOME | -$106M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$103M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$104M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$104M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$104M |
| D&A | $5M |
| EBIT | -$62M |
| EBITDA | -$56M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$104M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $182.0K |
| Other Non-Cash Items | $46M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$47M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | -$40M |
| Purchases of Investments | -$7M |
| Sales/Maturities of Investments | $48M |
| Other Investing Activities | $40M |
| NET CASH FROM INVESTING | $38M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$101.0K |
| NET CASH FROM FINANCING | -$100.0K |
| FREE CASH FLOW | -$50M |
| Net Change in Cash | -$10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $57M |
| Short-Term Investments | $76M |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $148M |
| PP&E (Net) | $56M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $16M |
| TOTAL NON-CURRENT ASSETS | $72M |
| TOTAL ASSETS | $220M |
| Account Payables | $15M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1M |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $48M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $36M |
| TOTAL LIABILITIES | $85M |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $135M |
| Minority Interest | $0 |
| TOTAL EQUITY | $135M |
| TOTAL LIABILITIES & EQUITY | $220M |
| Total Debt | $35M |
| Net Debt | -$22M |
