| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $15M | — | $14M | — | 9.6% |
| Op. Income | -$9M | — | -$9M | — | -9.6% |
| Gross Margin | 32.7% | — | 35.2% | — | -2.4pp |
| Net Margin | 63.8% | — | -542.4% | — | 606.2pp |
| EPS (Diluted) | $-0.07 | — | $-0.80 | — | 90.9% |
| Free Cash Flow | -$4M | — | -$3M | — | -38.6% |
| Item | Amount |
|---|---|
| REVENUE | $15M |
| Cost of Revenue | $10M |
| GROSS PROFIT | $5M |
| R&D Expenses | $216.0K |
| Selling & Marketing | $2M |
| General & Administrative | $12M |
| SG&A Expenses | $14M |
| Other Expenses | $0 |
| Operating Expenses | $14M |
| Cost & Expenses | $24M |
| OPERATING INCOME | -$9M |
| Interest Income | $3M |
| Interest Expense | $900.0K |
| Other Income/Expenses | $21M |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $12M |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $3M |
| EBIT | $13M |
| EBITDA | $16M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | $9M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $477.0K |
| Deferred Income Tax | -$240.0K |
| Other Non-Cash Items | -$19M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$83.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $8M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $3M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$416.0K |
| NET CASH FROM FINANCING | $78M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | $76M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $364M |
| Short-Term Investments | $97M |
| Net Receivables | $9M |
| Inventory | $15M |
| Other Current Assets | $20M |
| TOTAL CURRENT ASSETS | $505M |
| PP&E (Net) | $5M |
| Goodwill | $8M |
| Intangible Assets | $34M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $51M |
| TOTAL ASSETS | $557M |
| Account Payables | $8M |
| Short-Term Debt | $61M |
| Deferred Revenue | $1M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $90M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $520.0K |
| Deferred Tax Liabilities | $502.0K |
| Other Non-Current Liabilities | $108M |
| TOTAL NON-CURRENT LIABILITIES | $111M |
| TOTAL LIABILITIES | $201M |
| Common Stock | $58.0K |
| Additional Paid-In Capital | $740M |
| Retained Earnings | -$297M |
| Treasury Stock | -$98M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $345M |
| Minority Interest | $11M |
| TOTAL EQUITY | $356M |
| TOTAL LIABILITIES & EQUITY | $557M |
| Total Debt | $64M |
| Net Debt | -$300M |
