| Income Statement | | | | | | | | | | |
| | | | | | | Original | | | |
| USD | Fiscal Year Ending | | Latest | | Year-to-date Ending |
| (in millions) | Dec-19 | Dec-20 | Dec-21 | Dec-22 | Dec-23 | | Jun-24 | | Jun-23 | Jun-24 |
| FY - 4 | FY - 3 | FY - 2 | FY - 1 | FY | | LTM | | YTD-1 | YTD |
| | | | | | | | | | |
| Revenue | 8 | 3 | 11 | 9 | 10 | | 9 | | 5 | 4 |
| % Growth | NA | -59.6% | 234.2% | -13.6% | 8.9% | | | | | -29.2% |
| | | | | | | | | | |
| Cost of Revenue | (2) | (1) | (2) | (2) | (3) | | (3) | | (1) | (1) |
| Gross Profit | 6 | 3 | 9 | 7 | 7 | | 6 | | 4 | 3 |
| % Revenue | 74.1% | 76.9% | 80.3% | 77.7% | 70.5% | | 70.5% | | 76.9% | 79.8% |
| | | | | | | | | | |
| Research and Development | (11) | (9) | (17) | (19) | (20) | | (16) | | (10) | (6) |
| Selling and Marketing | (9) | (6) | (13) | (11) | (11) | | (9) | | (6) | (4) |
| General and Admin | (9) | (8) | (19) | (10) | (9) | | (8) | | (5) | (4) |
| Other Inc / (Exp) | (9) | (27) | (196) | 2 | (1) | | (1) | | 0 | (0) |
| Total Operating Exp | (38) | (51) | (245) | (38) | (41) | | (34) | | (21) | (14) |
| | | | | | | | | | |
| Operating Income | (32) | (48) | (236) | (31) | (34) | | (28) | | (17) | (11) |
| % Revenue | -398.3% | -1479.4% | -2168.5% | -324.7% | -332.0% | | -322.4% | | -325.3% | -299.9% |
| | | | | | | | | | |
| Interest Expense | (0) | (1) | (0) | 3 | 6 | | 7 | | 2 | 3 |
| Pre-tax Income | (33) | (49) | (236) | (28) | (28) | | (21) | | (15) | (8) |
| 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 | (33) | (49) | (236) | (28) | (28) | | (21) | | (15) | (8) |
| % Margin | -403.3% | -1497.0% | -2168.6% | -297.8% | -273.9% | | -244.2% | | -281.4% | -214.4% |
| | | | | | | | | | |
| Minority Interest in Earnings | 1 | 1 | 0 | 0 | 0 | | 0 | | 0 | 0 |
| Net Income to Stockholders | (32) | (48) | (236) | (28) | (28) | | (21) | | (15) | (8) |
| | | | | | | | | | |
| Preferred Dividends | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
| Other Adj. | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 |
| | | | | | | | | | |
| Net Income to Common | (32) | (48) | (236) | (28) | (28) | | (21) | | (15) | (8) |
| % Margin | -395.6% | -1480.1% | -2164.9% | -297.8% | -273.9% | | -244.2% | | -281.4% | -214.4% |
| | | | | | | | | | |
| As Reported | | | | | | | | | | |
| Basic EPS (Continuing Ops) | (0.14) | (0.22) | (0.79) | (0.06) | (0.06) | | (0.04) | | (0.03) | (0.02) |
| Diluted EPS (Continuing Ops) | (0.14) | (0.22) | (0.79) | (0.06) | (0.06) | | (0.04) | | (0.03) | (0.02) |
| | | | | | | | | | |
| WA Basic Shares Out. | 223.78 | 223.78 | 298.96 | 487.75 | 488.57 | | 488.77 | | 488.47 | 488.67 |
| WA Diluted Shares Out. | 223.78 | 223.78 | 298.96 | 487.75 | 488.57 | | 488.77 | | 488.47 | 488.67 |
| | | | | | | | | | |
| EBITDA, EBIT Reconciliation | | | | | | | | | | |
| EBT, Incl. Unusual Items | (33) | (49) | (236) | (28) | (28) | | (21) | | (15) | (8) |
| Addback: Net Interest Expense | 0 | 1 | 0 | (3) | (6) | | (7) | | (2) | (3) |
| Addback: Other Non Operating Expenses, Total | (0) | 28 | 198 | (1) | 1 | | 0 | | 0 | (0) |
| Addback: Depreciation & Amortization | 1 | 2 | 2 | 2 | 2 | | 2 | | 1 | 1 |
| 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 | (1) | 0 | | 1 | | (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 | 9 | (1) | (1) | 0 | (0) | | 0 | | (0) | 0 |
| Adjusted EBITDA | (21) | (20) | (38) | (31) | (31) | | (25) | | (16) | (10) |
| % Margin | -264.8% | -601.8% | -347.5% | -324.8% | -303.3% | | -282.7% | | -307.3% | -260.6% |
| | | | | | | | | | |
| Adjusted EBIT | (23) | (21) | (40) | (33) | (33) | | (27) | | (17) | (11) |
| % Margin | -283.2% | -648.5% | -365.9% | -347.5% | -323.9% | | -308.7% | | -328.2% | -294.2% |
| | | | | | | | | | |
| Adjusted Net Income Reconciliation | | | | | | | | | | |
| Net Income to Company | (33) | (49) | (236) | (28) | (28) | | (21) | | (15) | (8) |
| Addback: Unusual Items | 9 | (1) | (1) | (1) | (0) | | 1 | | (0) | 0 |
| Less: Tax Benefit of Unusual Items (26%) | (2) | 0 | 0 | 0 | 0 | | (0) | | 0 | (0) |
| Adjusted Net Income | (26) | (50) | (237) | (29) | (28) | | (21) | | (15) | (8) |
| % Margin | -317.8% | -1519.6% | -2176.9% | -304.6% | -274.0% | | -237.8% | | -286.1% | -205.6% |