| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $19M | $70M | $46M | -72.8% | -59.2% |
| Op. Income | -$50M | -$11M | -$40M | -367.6% | -24.4% |
| Gross Margin | 100.1% | 99.3% | 98.9% | 0.8pp | 1.3pp |
| Net Margin | -312.6% | -34.6% | -35.8% | -278.0pp | -276.8pp |
| EPS (Diluted) | $-0.73 | $-0.30 | $-0.22 | -143.3% | -231.8% |
| Free Cash Flow | -$16M | -$52M | -$35M | 68.6% | 53.1% |
| Item | Amount |
|---|---|
| REVENUE | $19M |
| Cost of Revenue | -$27.0K |
| GROSS PROFIT | $19M |
| R&D Expenses | $38M |
| Selling & Marketing | $7M |
| General & Administrative | $24M |
| SG&A Expenses | $31M |
| Other Expenses | $0 |
| Operating Expenses | $69M |
| Cost & Expenses | $69M |
| OPERATING INCOME | -$50M |
| Interest Income | $2M |
| Interest Expense | $10M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | -$59M |
| Income Tax Expense | $518.0K |
| Net Income from Continuing Ops | -$59M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$59M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$59M |
| D&A | $723.0K |
| EBIT | -$47M |
| EBITDA | -$46M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$59M |
| Depreciation & Amortization | $723.0K |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$69.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $33M |
| OPERATING CASH FLOW | -$15M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$196.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $621.0K |
| NET CASH FROM FINANCING | $425.0K |
| FREE CASH FLOW | -$16M |
| Net Change in Cash | -$16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $311M |
| Short-Term Investments | $0 |
| Net Receivables | $24M |
| Inventory | $18M |
| Other Current Assets | $27M |
| TOTAL CURRENT ASSETS | $380M |
| PP&E (Net) | $16M |
| Goodwill | $0 |
| Intangible Assets | $14M |
| Long-Term Investments | $30M |
| Tax Assets | $28M |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $88M |
| TOTAL ASSETS | $468M |
| Account Payables | $9M |
| Short-Term Debt | $14M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $57M |
| TOTAL CURRENT LIABILITIES | $81M |
| Long-Term Debt | $97M |
| Deferred Revenue NC | $24M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $217M |
| TOTAL NON-CURRENT LIABILITIES | $349M |
| TOTAL LIABILITIES | $430M |
| Common Stock | $7M |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | -$1.1B |
| Treasury Stock | -$645.0K |
| Accum. Other Comp. Income | $163M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $38M |
| Minority Interest | $0 |
| TOTAL EQUITY | $38M |
| TOTAL LIABILITIES & EQUITY | $468M |
| Total Debt | $123M |
| Net Debt | -$188M |
