Income Statement | | | | | | | | | | | | |
| | | | | | | | | | | | Original |
USD | Fiscal Year Ending | | Latest |
(in millions) | | | | | | Jan-20 | Dec-21 | Dec-22 | Dec-23 | Dec-24 | | Dec-24 |
| FY - 9 | FY - 8 | FY - 7 | FY - 6 | FY - 5 | FY - 4 | FY - 3 | FY - 2 | FY - 1 | FY | | LTM |
| | | | | | | | | | | | |
Revenue | 0 | 0 | 0 | 0 | 0 | 1 | 9 | 13 | 12 | 11 | | 11 |
% Growth | NA | NA | NA | NA | NA | NA | 1115.7% | 46.5% | -8.3% | -10.1% | | |
| | | | | | | | | | | | |
Cost of Revenue | 0 | 0 | 0 | 0 | 0 | (0) | (2) | (3) | (3) | (5) | | (5) |
Gross Profit | 0 | 0 | 0 | 0 | 0 | 0 | 7 | 10 | 9 | 6 | | 6 |
% Revenue | NA | NA | NA | NA | NA | 60.8% | 80.2% | 78.1% | 76.7% | 52.8% | | 52.8% |
| | | | | | | | | | | | |
Research and Development | 0 | 0 | 0 | 0 | 0 | (29) | (29) | (60) | (53) | (50) | | (50) |
Selling and Marketing | 0 | 0 | 0 | 0 | 0 | (3) | (3) | 0 | 0 | 0 | | 0 |
General and Admin | 0 | 0 | 0 | 0 | 0 | (16) | (12) | (54) | (28) | (24) | | (24) |
Other Inc / (Exp) | 0 | 0 | 0 | 0 | 0 | (5) | (2) | 35 | (3) | (134) | | (134) |
Total Operating Exp | 0 | 0 | 0 | 0 | 0 | (54) | (46) | (79) | (84) | (209) | | (209) |
| | | | | | | | | | | | |
Operating Income | 0 | 0 | 0 | 0 | 0 | (53) | (39) | (69) | (74) | (203) | | (203) |
% Revenue | NA | NA | NA | NA | NA | -7225.9% | -436.6% | -524.1% | -619.6% | -1879.9% | | -1879.9% |
| | | | | | | | | | | | |
Interest Expense | 0 | 0 | 0 | 0 | 0 | (1) | (3) | (3) | (1) | 2 | | 2 |
Pre-tax Income | 0 | 0 | 0 | 0 | 0 | (54) | (42) | (72) | (75) | (201) | | (201) |
Earnings of Discontinued Ops. | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
Provision for Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
Net Income to Company | 0 | 0 | 0 | 0 | 0 | (54) | (42) | (72) | (75) | (201) | | (201) |
% Margin | NA | NA | NA | NA | NA | -7317.1% | -466.6% | -545.9% | -625.5% | -1862.7% | | -1862.7% |
| | | | | | | | | | | | |
Minority Interest in Earnings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
Net Income to Stockholders | 0 | 0 | 0 | 0 | 0 | (54) | (42) | (72) | (75) | (201) | | (201) |
| | | | | | | | | | | | |
Preferred Dividends | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
Other Adj. | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
| | | | | | | | | | | | |
Net Income to Common | 0 | 0 | 0 | 0 | 0 | (54) | (42) | (72) | (75) | (201) | | (201) |
% Margin | NA | NA | NA | NA | NA | -7317.1% | -466.6% | -545.9% | -625.5% | -1862.7% | | -1862.7% |
| | | | | | | | | | | | |
As Reported | | | | | | | | | | | | |
Basic EPS (Continuing Ops) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | (7.18) | (1.79) | (0.70) | (0.57) | (1.09) | | (1.09) |
Diluted EPS (Continuing Ops) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | (7.18) | (1.79) | (0.70) | (0.57) | (1.09) | | (1.09) |
| | | | | | | | | | | | |
WA Basic Shares Out. | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 7.50 | 23.34 | 102.30 | 131.98 | 184.67 | | 184.67 |
WA Diluted Shares Out. | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 7.50 | 23.34 | 102.30 | 131.98 | 184.67 | | 184.67 |
| | | | | | | | | | | | |
EBITDA, EBIT Reconciliation | | | | | | | | | | | | |
EBT, Incl. Unusual Items | 0 | 0 | 0 | 0 | 0 | (54) | (42) | (72) | (75) | (201) | | (201) |
Addback: Net Interest Expense | 0 | 0 | 0 | 0 | 0 | 1 | 3 | 3 | 1 | (2) | | (2) |
Addback: Other Non Operating Expenses, Total | 0 | 0 | 0 | 0 | 0 | 0 | 2 | (22) | 1 | 90 | | 90 |
Addback: Depreciation & Amortization | 0 | 0 | 0 | 0 | 0 | 4 | 5 | 7 | 7 | 7 | | 7 |
Addback: Restructuring Charges | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | | 0 |
Addback: Merger / Acquisition Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | | 0 |
Addback: Goodwill Impairment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5 | 0 | 0 | | 0 |
Addback: Gain (Loss) On Sale Of Invest. | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
Addback: Gain (Loss) On Sale Of Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
Addback: Asset Writedown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
Addback: In Process R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
Addback: Insurance Settlements | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
Addback: Legal Settlements | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
Addback: Other Unusual Items | 0 | 0 | 0 | 0 | 0 | 5 | (9) | (19) | 1 | 44 | | 44 |
Adjusted EBITDA | 0 | 0 | 0 | 0 | 0 | (44) | (41) | (97) | (64) | (62) | | (62) |
% Margin | NA | NA | NA | NA | NA | -5949.9% | -459.4% | -737.9% | -532.0% | -570.9% | | -570.9% |
| | | | | | | | | | | | |
Adjusted EBIT | 0 | 0 | 0 | 0 | 0 | (48) | (46) | (104) | (71) | (69) | | (69) |
% Margin | NA | NA | NA | NA | NA | -6485.8% | -516.1% | -791.5% | -593.8% | -634.9% | | -634.9% |
| | | | | | | | | | | | |
Adjusted Net Income Reconciliation | | | | | | | | | | | | |
Net Income to Company | 0 | 0 | 0 | 0 | 0 | (54) | (42) | (72) | (75) | (201) | | (201) |
Addback: Unusual Items | 0 | 0 | 0 | 0 | 0 | 5 | (9) | (13) | 2 | 44 | | 44 |
Less: Tax Benefit of Unusual Items (26%) | 0 | 0 | 0 | 0 | 0 | (1) | 2 | 3 | (1) | (11) | | (11) |
Adjusted Net Income | 0 | 0 | 0 | 0 | 0 | (50) | (48) | (81) | (74) | (168) | | (168) |
% Margin | NA | NA | NA | NA | NA | -6794.8% | -540.4% | -618.8% | -613.5% | -1559.8% | | -1559.8% |