| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $46M | $45M | $52M | 2.3% | -10.3% |
| Op. Income | -$2M | $1M | $4M | -233.3% | -147.9% |
| Gross Margin | 6.2% | 12.2% | 14.7% | -5.9pp | -8.5pp |
| Net Margin | -3.1% | 2.3% | 5.5% | -5.4pp | -8.6pp |
| EPS (Diluted) | $-0.07 | $0.05 | $0.13 | -252.8% | -154.5% |
| Free Cash Flow | -$12M | $9M | -$8M | -234.4% | -45.7% |
| Item | Amount |
|---|---|
| REVENUE | $46M |
| Cost of Revenue | $43M |
| GROSS PROFIT | $3M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $5M |
| Operating Expenses | $5M |
| Cost & Expenses | $48M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $750.0K |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | -$372.0K |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $188.0K |
| EBIT | -$1M |
| EBITDA | -$880.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $188.0K |
| Stock-Based Compensation | $73.0K |
| Deferred Income Tax | -$552.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | -$12M |
| Capital Expenditure | -$59.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$6M |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6.0K |
| NET CASH FROM FINANCING | $994.0K |
| FREE CASH FLOW | -$12M |
| Net Change in Cash | -$15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14M |
| Short-Term Investments | $218M |
| Net Receivables | $36M |
| Inventory | $0 |
| Other Current Assets | -$268M |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $228M |
| Tax Assets | $0 |
| Other Non-Current Assets | -$231M |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $354M |
| Account Payables | $0 |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$3M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $34M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$34M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $249M |
| Common Stock | $22M |
| Additional Paid-In Capital | $57M |
| Retained Earnings | $50M |
| Treasury Stock | -$7M |
| Accum. Other Comp. Income | -$18M |
| Other Equity | -$59.0K |
| TOTAL STOCKHOLDERS' EQUITY | $104M |
| Minority Interest | $0 |
| TOTAL EQUITY | $104M |
| TOTAL LIABILITIES & EQUITY | $354M |
| Total Debt | $37M |
| Net Debt | $23M |
