Income Statement | | | | | | | | | | | | |
| | | | | | | | | | | | Original |
USD | Fiscal Year Ending | | Latest |
(in millions) | Dec-15 | Dec-16 | Dec-17 | Dec-18 | Dec-19 | Dec-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 | 1 | 1 | 2 | 2 | 2 | 2 | 140 | 0 | 0 | 24 | | 24 |
% Growth | NA | 94.6% | 72.8% | -28.0% | 0.0% | 0.0% | 9109.6% | -100.0% | NA | NA | | |
| | | | | | | | | | | | |
Cost of Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (118) | (163) | (242) | | (242) |
Gross Profit | 1 | 1 | 2 | 2 | 2 | 2 | 140 | (118) | (163) | (219) | | (219) |
% Revenue | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | NA | NA | -924.0% | | -924.0% |
| | | | | | | | | | | | |
Research and Development | (10) | (32) | (48) | (60) | (43) | (50) | (88) | (118) | (163) | (242) | | (242) |
Selling and Marketing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
General and Admin | (12) | (13) | (16) | (17) | (16) | (23) | (25) | (33) | (67) | (121) | | (121) |
Other Inc / (Exp) | (2) | (2) | (0) | (0) | (0) | (0) | 0 | 118 | 163 | 241 | | 241 |
Total Operating Exp | (23) | (47) | (64) | (77) | (59) | (73) | (113) | (34) | (67) | (121) | | (121) |
| | | | | | | | | | | | |
Operating Income | (23) | (45) | (62) | (76) | (58) | (72) | 26 | (152) | (230) | (340) | | (340) |
% Revenue | -3621.2% | -3723.6% | -2951.8% | -5003.5% | -3798.2% | -4722.6% | 18.9% | NA | NA | -1435.5% | | -1435.5% |
| | | | | | | | | | | | |
Interest Expense | (1) | 1 | 1 | 2 | 2 | (2) | (1) | 3 | 21 | 21 | | 21 |
Pre-tax Income | (24) | (44) | (61) | (74) | (56) | (73) | 25 | (149) | (209) | (319) | | (319) |
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 | (24) | (44) | (61) | (74) | (56) | (73) | 25 | (149) | (209) | (319) | | (319) |
% Margin | -3846.7% | -3645.2% | -2884.3% | -4875.5% | -3694.6% | -4822.5% | 17.8% | NA | NA | -1346.1% | | -1346.1% |
| | | | | | | | | | | | |
Minority Interest in Earnings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
Net Income to Stockholders | (24) | (44) | (61) | (74) | (56) | (73) | 25 | (149) | (209) | (319) | | (319) |
| | | | | | | | | | | | |
Preferred Dividends | (10) | (3) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
Other Adj. | (70) | 0 | 0 | 0 | 0 | (4) | 0 | 0 | 0 | 0 | | 0 |
| | | | | | | | | | | | |
Net Income to Common | (104) | (47) | (61) | (74) | (56) | (77) | 25 | (149) | (209) | (319) | | (319) |
% Margin | -16562.2% | -3858.2% | -2884.3% | -4875.5% | -3694.6% | -5080.0% | 17.8% | NA | NA | -1346.1% | | -1346.1% |
| | | | | | | | | | | | |
As Reported | | | | | | | | | | | | |
Basic EPS (Continuing Ops) | (1,519.27) | (3.22) | (2.90) | (2.92) | (1.84) | (1.87) | 0.48 | (2.46) | (2.98) | (3.72) | | (3.72) |
Diluted EPS (Continuing Ops) | (1,519.27) | (3.22) | (2.90) | (2.92) | (1.84) | (1.87) | 0.46 | (2.46) | (2.98) | (3.72) | | (3.72) |
| | | | | | | | | | | | |
WA Basic Shares Out. | 0.07 | 14.62 | 21.00 | 25.37 | 30.49 | 41.31 | 52.06 | 60.76 | 70.37 | 85.62 | | 85.62 |
WA Diluted Shares Out. | 0.07 | 14.62 | 21.00 | 25.37 | 30.49 | 41.31 | 53.62 | 60.76 | 70.37 | 85.62 | | 85.62 |
| | | | | | | | | | | | |
EBITDA, EBIT Reconciliation | | | | | | | | | | | | |
EBT, Incl. Unusual Items | (24) | (44) | (61) | (74) | (56) | (73) | 25 | (149) | (209) | (319) | | (319) |
Addback: Net Interest Expense | 1 | (1) | (1) | (2) | (2) | 2 | 1 | (3) | (21) | (21) | | (21) |
Addback: Other Non Operating Expenses, Total | 2 | 2 | 0 | 0 | 0 | 0 | (0) | 0 | 0 | 0 | | 0 |
Addback: Depreciation & Amortization | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
Addback: Restructuring Charges | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
Addback: Merger / Acquisition Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
Addback: Goodwill Impairment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | | 0 |
Adjusted EBITDA | (20) | (44) | (62) | (76) | (57) | (71) | 26 | (152) | (230) | (340) | | (340) |
% Margin | -3268.3% | -3580.1% | -2935.4% | -4996.6% | -3786.9% | -4702.3% | 18.8% | NA | NA | -1434.4% | | -1434.4% |
| | | | | | | | | | | | |
Adjusted EBIT | (21) | (44) | (62) | (76) | (58) | (71) | 26 | (152) | (230) | (340) | | (340) |
% Margin | -3271.6% | -3587.4% | -2939.0% | -5001.7% | -3792.9% | -4708.2% | 18.8% | NA | NA | -1434.4% | | -1434.4% |
| | | | | | | | | | | | |
Adjusted Net Income Reconciliation | | | | | | | | | | | | |
Net Income to Company | (24) | (44) | (61) | (74) | (56) | (73) | 25 | (149) | (209) | (319) | | (319) |
Addback: Unusual Items | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
Less: Tax Benefit of Unusual Items (26%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | 0 |
Adjusted Net Income | (24) | (44) | (61) | (74) | (56) | (73) | 25 | (149) | (209) | (319) | | (319) |
% Margin | -3846.7% | -3645.2% | -2884.3% | -4875.5% | -3694.6% | -4822.5% | 17.8% | NA | NA | -1346.1% | | -1346.1% |