| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $740M | $997M | 68.5% | 25.0% |
| Op. Income | -$462M | -$452M | -$318M | -2.3% | -45.2% |
| Gross Margin | -2.7% | -3.9% | 13.5% | 1.2pp | -16.2pp |
| Net Margin | -45.6% | -55.4% | -34.9% | 9.8pp | -10.7pp |
| EPS (Diluted) | $-0.66 | $-0.48 | $-0.40 | -38.0% | -63.0% |
| Free Cash Flow | $18M | $38M | $22M | -52.0% | -18.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | -$33M |
| R&D Expenses | $191M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $247M |
| Other Expenses | -$10M |
| Operating Expenses | $429M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | -$462M |
| Interest Income | $46M |
| Interest Expense | $10M |
| Other Income/Expenses | -$106M |
| INCOME BEFORE TAX | -$568M |
| Income Tax Expense | $99.7K |
| Net Income from Continuing Ops | -$568M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$568M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$568M |
| D&A | $0 |
| EBIT | -$558M |
| EBITDA | -$558M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$568M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $550M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $18M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $18M |
| Net Change in Cash | $247M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.8B |
| Short-Term Investments | $1.8B |
| Net Receivables | $722M |
| Inventory | $773M |
| Other Current Assets | $644M |
| TOTAL CURRENT ASSETS | $6.4B |
| PP&E (Net) | $1.8B |
| Goodwill | $0 |
| Intangible Assets | $561M |
| Long-Term Investments | $364M |
| Tax Assets | $1.0B |
| Other Non-Current Assets | $131M |
| TOTAL NON-CURRENT ASSETS | $3.9B |
| TOTAL ASSETS | $10.3B |
| Account Payables | $2.4B |
| Short-Term Debt | $731M |
| Deferred Revenue | $78M |
| Other Current Liabilities | $230M |
| TOTAL CURRENT LIABILITIES | $4.4B |
| Long-Term Debt | $938M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $395M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $6.1B |
| Common Stock | $16.5K |
| Additional Paid-In Capital | $8.9B |
| Retained Earnings | -$5.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $304M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.2B |
| TOTAL LIABILITIES & EQUITY | $10.3B |
| Total Debt | $2.1B |
| Net Debt | $298M |
