Income Statement | | | | | | | | | | |
| | | | | | | Original | | | |
USD | Fiscal Year Ending | | Latest | | Year-to-date Ending |
(in millions) | | 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 | 0 | 0 | 0 | 1 | | 1 | | 0 | 1 |
% Growth | NA | NA | NA | NA | NA | | | | | NA |
| | | | | | | | | | |
Cost of Revenue | 0 | (42) | (48) | (1) | (5) | | (5) | | (1) | (5) |
Gross Profit | 0 | (42) | (48) | (1) | (4) | | (4) | | (1) | (4) |
% Revenue | NA | NA | NA | NA | -387.4% | | -387.4% | | NA | -387.4% |
| | | | | | | | | | |
Research and Development | 0 | (42) | (48) | (44) | (61) | | (61) | | (44) | (61) |
Selling and Marketing | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
General and Admin | 0 | (8) | (9) | (11) | (23) | | (23) | | (11) | (23) |
Other Inc / (Exp) | 0 | 42 | 47 | 17 | 4 | | 4 | | 17 | 4 |
Total Operating Exp | 0 | (8) | (9) | (38) | (80) | | (80) | | (38) | (80) |
| | | | | | | | | | |
Operating Income | 0 | (51) | (57) | (39) | (84) | | (84) | | (39) | (84) |
% Revenue | NA | NA | NA | NA | -9037.7% | | -9037.7% | | NA | -9037.7% |
| | | | | | | | | | |
Interest Expense | 0 | 0 | 1 | 3 | 8 | | 8 | | 3 | 8 |
Pre-tax Income | 0 | (51) | (55) | (36) | (75) | | (75) | | (36) | (75) |
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 | 0 | (51) | (55) | (36) | (75) | | (75) | | (36) | (75) |
% Margin | NA | NA | NA | NA | -8123.7% | | -8123.7% | | NA | -8123.7% |
| | | | | | | | | | |
Minority Interest in Earnings | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Net Income to Stockholders | 0 | (51) | (55) | (36) | (75) | | (75) | | (36) | (75) |
| | | | | | | | | | |
Preferred Dividends | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Other Adj. | 0 | 0 | 0 | 50 | 0 | | 0 | | 50 | 0 |
| | | | | | | | | | |
Net Income to Common | 0 | (51) | (55) | 14 | (75) | | (75) | | 14 | (75) |
% Margin | NA | NA | NA | NA | -8123.7% | | -8123.7% | | NA | -8123.7% |
| | | | | | | | | | |
As Reported | | | | | | | | | | |
Basic EPS (Continuing Ops) | 0.00 | (12.47) | (139.88) | 27.76 | (4.28) | | (4.28) | | 27.76 | (4.28) |
Diluted EPS (Continuing Ops) | 0.00 | (12.47) | (139.88) | 2.93 | (4.28) | | (4.28) | | 2.93 | (4.28) |
| | | | | | | | | | |
WA Basic Shares Out. | 0.00 | 4.05 | 0.39 | 0.49 | 17.57 | | 17.57 | | 0.49 | 17.57 |
WA Diluted Shares Out. | 0.00 | 4.05 | 0.39 | 4.66 | 17.57 | | 17.57 | | 4.66 | 17.57 |
| | | | | | | | | | |
EBITDA, EBIT Reconciliation | | | | | | | | | | |
EBT, Incl. Unusual Items | 0 | (51) | (55) | (36) | (75) | | (75) | | (36) | (75) |
Addback: Net Interest Expense | 0 | (0) | (1) | (3) | (8) | | (8) | | (3) | (8) |
Addback: Other Non Operating Expenses, Total | 0 | 0 | 0 | 0 | 1 | | 1 | | 0 | 1 |
Addback: Depreciation & Amortization | 0 | 1 | 3 | 3 | 3 | | 3 | | 3 | 3 |
Addback: Restructuring Charges | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
Addback: Merger / Acquisition Expenses | 0 | 0 | 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 | (16) | 0 | | 0 | | (16) | 0 |
Adjusted EBITDA | 0 | (50) | (53) | (52) | (79) | | (79) | | (52) | (79) |
% Margin | NA | NA | NA | NA | -8579.2% | | -8579.2% | | NA | -8579.2% |
| | | | | | | | | | |
Adjusted EBIT | 0 | (51) | (57) | (56) | (83) | | (83) | | (56) | (83) |
% Margin | NA | NA | NA | NA | -8930.3% | | -8930.3% | | NA | -8930.3% |
| | | | | | | | | | |
Adjusted Net Income Reconciliation | | | | | | | | | | |
Net Income to Company | 0 | (51) | (55) | (36) | (75) | | (75) | | (36) | (75) |
Addback: Unusual Items | 0 | 0 | 0 | (16) | 0 | | 0 | | (16) | 0 |
Less: Tax Benefit of Unusual Items (26%) | 0 | 0 | 0 | 4 | 0 | | 0 | | 4 | 0 |
Adjusted Net Income | 0 | (51) | (55) | (48) | (75) | | (75) | | (48) | (75) |
% Margin | NA | NA | NA | NA | -8123.7% | | -8123.7% | | NA | -8123.7% |