| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $69M | $69M | $58M | 0.5% | 20.3% |
| Op. Income | -$84M | -$90M | -$129M | 6.6% | 35.0% |
| Gross Margin | 63.2% | 65.5% | 65.2% | -2.3pp | -2.0pp |
| Net Margin | -99.9% | -175.6% | -280.1% | 75.7pp | 180.2pp |
| EPS (Diluted) | $-7.10 | $-12.50 | $-16.80 | 43.2% | 57.7% |
| Free Cash Flow | -$57M | -$61M | -$133M | 6.5% | 57.1% |
| Item | Amount |
|---|---|
| REVENUE | $69M |
| Cost of Revenue | $25M |
| GROSS PROFIT | $44M |
| R&D Expenses | $59M |
| Selling & Marketing | $0 |
| General & Administrative | $69M |
| SG&A Expenses | $69M |
| Other Expenses | $0 |
| Operating Expenses | $127M |
| Cost & Expenses | $153M |
| OPERATING INCOME | -$84M |
| Interest Income | $9M |
| Interest Expense | $0 |
| Other Income/Expenses | $14M |
| INCOME BEFORE TAX | -$69M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$69M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$69M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$69M |
| D&A | $2M |
| EBIT | -$84M |
| EBITDA | -$82M |
| EPS | -$7 |
| EPS Diluted | -$7 |
| Item | Amount |
|---|---|
| Net Income | -$69M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $22M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | -$55M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$34M |
| Sales/Maturities of Investments | $18M |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | -$14M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | -$57M |
| Net Change in Cash | -$70M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $789M |
| Short-Term Investments | $32M |
| Net Receivables | $65M |
| Inventory | $44M |
| Other Current Assets | $30M |
| TOTAL CURRENT ASSETS | $960M |
| PP&E (Net) | $72M |
| Goodwill | $0 |
| Intangible Assets | $5M |
| Long-Term Investments | $4M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $84M |
| TOTAL ASSETS | $1.0B |
| Account Payables | $55M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $125M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $28M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $325.0K |
| TOTAL NON-CURRENT LIABILITIES | $38M |
| TOTAL LIABILITIES | $163M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $3.0B |
| Retained Earnings | -$2.1B |
| Treasury Stock | -$21M |
| Accum. Other Comp. Income | $48M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $881M |
| Minority Interest | $0 |
| TOTAL EQUITY | $881M |
| TOTAL LIABILITIES & EQUITY | $1.0B |
| Total Debt | $17M |
| Net Debt | -$772M |
