Income Statement | | | | | | | | | | |
| | | | | | | Original | | | |
USD | Fiscal Year Ending | | Latest | | Year-to-date Ending |
(in millions) | Dec-20 | Dec-21 | Dec-22 | Dec-23 | Dec-24 | | Dec-24 | | Dec-23 | Dec-24 |
| FY - 4 | FY - 3 | FY - 2 | FY - 1 | FY | | LTM | | YTD-1 | YTD |
| | | | | | | | | | |
Revenue | 0 | 2 | 11 | 22 | 43 | | 43 | | 22 | 43 |
% Growth | NA | NA | 430.3% | 98.0% | 95.4% | | | | | 95.4% |
| | | | | | | | | | |
Cost of Revenue | (0) | (1) | (3) | (8) | (20) | | (20) | | (8) | (20) |
Gross Profit | (0) | 1 | 8 | 14 | 23 | | 23 | | 14 | 23 |
% Revenue | NA | 52.6% | 74.0% | 63.9% | 52.8% | | 52.8% | | 63.9% | 52.8% |
| | | | | | | | | | |
Research and Development | (10) | (20) | (45) | (95) | (142) | | (142) | | (95) | (142) |
Selling and Marketing | (0) | (3) | (8) | (18) | (28) | | (28) | | (18) | (28) |
General and Admin | (4) | (14) | (37) | (52) | (73) | | (73) | | (52) | (73) |
Other Inc / (Exp) | (1) | (69) | 27 | (26) | (129) | | (129) | | (26) | (129) |
Total Operating Exp | (15) | (107) | (64) | (191) | (373) | | (373) | | (191) | (373) |
| | | | | | | | | | |
Operating Income | (15) | (106) | (56) | (177) | (350) | | (350) | | (177) | (350) |
% Revenue | NA | -5061.9% | -499.5% | -803.2% | -812.2% | | -812.2% | | -803.2% | -812.2% |
| | | | | | | | | | |
Interest Expense | 0 | 0 | 7 | 19 | 18 | | 18 | | 19 | 18 |
Pre-tax Income | (15) | (106) | (49) | (158) | (332) | | (332) | | (158) | (332) |
Earnings of Discontinued Ops. | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Provision for Taxes | 0 | 0 | 0 | (0) | (0) | | (0) | | (0) | (0) |
Net Income to Company | (15) | (106) | (49) | (158) | (332) | | (332) | | (158) | (332) |
% Margin | NA | -5058.9% | -435.8% | -715.8% | -770.0% | | -770.0% | | -715.8% | -770.0% |
| | | | | | | | | | |
Minority Interest in Earnings | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Net Income to Stockholders | (15) | (106) | (49) | (158) | (332) | | (332) | | (158) | (332) |
| | | | | | | | | | |
Preferred Dividends | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Other Adj. | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
| | | | | | | | | | |
Net Income to Common | (15) | (106) | (49) | (158) | (332) | | (332) | | (158) | (332) |
% Margin | NA | -5058.9% | -435.8% | -715.8% | -770.0% | | -770.0% | | -715.8% | -770.0% |
| | | | | | | | | | |
As Reported | | | | | | | | | | |
Basic EPS (Continuing Ops) | (0.13) | (0.77) | (0.25) | (0.78) | (1.56) | | (1.56) | | (0.78) | (1.56) |
Diluted EPS (Continuing Ops) | (0.13) | (0.77) | (0.25) | (0.78) | (1.56) | | (1.56) | | (0.78) | (1.56) |
| | | | | | | | | | |
WA Basic Shares Out. | 115.05 | 137.61 | 197.73 | 202.58 | 213.03 | | 213.03 | | 202.58 | 213.03 |
WA Diluted Shares Out. | 115.05 | 137.61 | 197.73 | 202.58 | 213.03 | | 213.03 | | 202.58 | 213.03 |
| | | | | | | | | | |
EBITDA, EBIT Reconciliation | | | | | | | | | | |
EBT, Incl. Unusual Items | (15) | (106) | (49) | (158) | (332) | | (332) | | (158) | (332) |
Addback: Net Interest Expense | 0 | (0) | (7) | (19) | (18) | | (18) | | (19) | (18) |
Addback: Other Non Operating Expenses, Total | (0) | 63 | (30) | 19 | 117 | | 117 | | 19 | 117 |
Addback: Depreciation & Amortization | 1 | 3 | 6 | 10 | 19 | | 19 | | 10 | 19 |
Addback: Restructuring Charges | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Addback: Merger / Acquisition Expenses | 0 | 4 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Addback: Goodwill Impairment | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Addback: Gain (Loss) On Sale Of Invest. | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Addback: Gain (Loss) On Sale Of Assets | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Addback: Asset Writedown | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Addback: In Process R&D Expenses | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Addback: Insurance Settlements | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Addback: Legal Settlements | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Addback: Other Unusual Items | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Adjusted EBITDA | (14) | (36) | (80) | (147) | (214) | | (214) | | (147) | (214) |
% Margin | NA | -1721.7% | -720.0% | -668.6% | -496.4% | | -496.4% | | -668.6% | -496.4% |
| | | | | | | | | | |
Adjusted EBIT | (16) | (39) | (86) | (158) | (232) | | (232) | | (158) | (232) |
% Margin | NA | -1843.1% | -770.3% | -715.7% | -539.7% | | -539.7% | | -715.7% | -539.7% |
| | | | | | | | | | |
Adjusted Net Income Reconciliation | | | | | | | | | | |
Net Income to Company | (15) | (106) | (49) | (158) | (332) | | (332) | | (158) | (332) |
Addback: Unusual Items | 0 | 4 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Less: Tax Benefit of Unusual Items (26%) | 0 | (1) | 0 | 0 | 0 | | 0 | | 0 | 0 |
Adjusted Net Income | (15) | (103) | (49) | (158) | (332) | | (332) | | (158) | (332) |
% Margin | NA | -4908.7% | -435.8% | -715.8% | -770.0% | | -770.0% | | -715.8% | -770.0% |