| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $30.0K | $278.0K | $0 | -89.2% | — |
| Op. Income | -$23M | -$26M | -$29M | 9.9% | 21.2% |
| Gross Margin | 100.0% | 100.0% | — | 0.0pp | — |
| Net Margin | -75166.7% | -9043.2% | — | -66123.5pp | — |
| EPS (Diluted) | $-0.05 | $-0.05 | $-0.23 | 10.3% | 80.1% |
| Free Cash Flow | -$18M | -$26M | -$28M | 30.3% | 36.5% |
| Item | Amount |
|---|---|
| REVENUE | $30.0K |
| Cost of Revenue | $0 |
| GROSS PROFIT | $30.0K |
| R&D Expenses | $19M |
| Selling & Marketing | $0 |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | -$1M |
| Operating Expenses | $23M |
| Cost & Expenses | $23M |
| OPERATING INCOME | -$23M |
| Interest Income | $711.0K |
| Interest Expense | $188.0K |
| Other Income/Expenses | $522.0K |
| INCOME BEFORE TAX | -$23M |
| Income Tax Expense | $19.0K |
| Net Income from Continuing Ops | -$23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$23M |
| D&A | $2M |
| EBIT | -$22M |
| EBITDA | -$20M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$23M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$76.0K |
| Other Non-Cash Items | -$76.0K |
| Change in Working Capital | -$862.0K |
| OPERATING CASH FLOW | -$17M |
| Capital Expenditure | -$454.0K |
| Acquisitions (Net) | $1M |
| Purchases of Investments | -$23M |
| Sales/Maturities of Investments | $22M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $294.0K |
| NET CASH FROM FINANCING | $14M |
| FREE CASH FLOW | -$18M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $43M |
| Short-Term Investments | $25M |
| Net Receivables | $29.0K |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $71M |
| PP&E (Net) | $41M |
| Goodwill | $5M |
| Intangible Assets | $5M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $51M |
| TOTAL ASSETS | $123M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $275.0K |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $14M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $24M |
| TOTAL LIABILITIES | $38M |
| Common Stock | $15.0K |
| Additional Paid-In Capital | $460M |
| Retained Earnings | -$375M |
| Treasury Stock | -$31.0K |
| Accum. Other Comp. Income | -$24.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $85M |
| Minority Interest | $0 |
| TOTAL EQUITY | $85M |
| TOTAL LIABILITIES & EQUITY | $123M |
| Total Debt | $21M |
| Net Debt | -$22M |
