| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $17M | $10M | $25M | 62.5% | -32.7% |
| Op. Income | -$44M | -$46M | -$21M | 4.7% | -107.5% |
| Gross Margin | 100.0% | -299.5% | 100.0% | 399.5pp | 0.0pp |
| Net Margin | -291.2% | -370.0% | -77.5% | 78.8pp | -213.7pp |
| EPS (Diluted) | $-8.10 | $-6.40 | $-3.40 | -26.6% | -138.2% |
| Free Cash Flow | -$34M | -$33M | $65M | -3.1% | -152.0% |
| Item | Amount |
|---|---|
| REVENUE | $17M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $17M |
| R&D Expenses | $46M |
| Selling & Marketing | $0 |
| General & Administrative | $15M |
| SG&A Expenses | $15M |
| Other Expenses | $0 |
| Operating Expenses | $61M |
| Cost & Expenses | $61M |
| OPERATING INCOME | -$44M |
| Interest Income | $5M |
| Interest Expense | $9M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$47M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$49M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$49M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$49M |
| D&A | $2M |
| EBIT | -$39M |
| EBITDA | -$37M |
| EPS | -$8 |
| EPS Diluted | -$8 |
| Item | Amount |
|---|---|
| Net Income | -$49M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $10M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | -$34M |
| Capital Expenditure | -$328.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$238M |
| Sales/Maturities of Investments | $125M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$114M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$6M |
| FREE CASH FLOW | -$34M |
| Net Change in Cash | -$153M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $82M |
| Short-Term Investments | $273M |
| Net Receivables | $17M |
| Inventory | $0 |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $381M |
| PP&E (Net) | $46M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | -$34M |
| Tax Assets | $0 |
| Other Non-Current Assets | $38M |
| TOTAL NON-CURRENT ASSETS | $50M |
| TOTAL ASSETS | $432M |
| Account Payables | $6M |
| Short-Term Debt | $7M |
| Deferred Revenue | $24M |
| Other Current Liabilities | $19M |
| TOTAL CURRENT LIABILITIES | $74M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $221M |
| Deferred Tax Liabilities | -$143M |
| Other Non-Current Liabilities | $143M |
| TOTAL NON-CURRENT LIABILITIES | $246M |
| TOTAL LIABILITIES | $319M |
| Common Stock | $61.0K |
| Additional Paid-In Capital | $703M |
| Retained Earnings | -$590M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $7.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $112M |
| Minority Interest | $0 |
| TOTAL EQUITY | $112M |
| TOTAL LIABILITIES & EQUITY | $432M |
| Total Debt | $38M |
| Net Debt | -$44M |
