| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11M | $20M | $6M | -47.4% | 89.0% |
| Op. Income | $458.0K | $6M | -$993.0K | -92.1% | 146.1% |
| Gross Margin | 42.0% | 51.6% | 40.4% | -9.6pp | 1.6pp |
| Net Margin | 5.5% | 28.6% | 12.3% | -23.0pp | -6.8pp |
| EPS (Diluted) | $0.02 | $0.20 | $0.03 | -89.9% | -25.2% |
| Free Cash Flow | $5M | -$965.0K | $2M | 657.2% | 196.3% |
| Item | Amount |
|---|---|
| REVENUE | $11M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $4M |
| R&D Expenses | $1M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $10M |
| OPERATING INCOME | $458.0K |
| Interest Income | $121.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $145.0K |
| INCOME BEFORE TAX | $603.0K |
| Income Tax Expense | $14.0K |
| Net Income from Continuing Ops | $589.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $589.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $589.0K |
| D&A | $89.0K |
| EBIT | $603.0K |
| EBITDA | $692.0K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $11M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $4M |
| R&D Expenses | $1M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $10M |
| OPERATING INCOME | $458.0K |
| Interest Income | $121.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $145.0K |
| INCOME BEFORE TAX | $603.0K |
| Income Tax Expense | $14.0K |
| Net Income from Continuing Ops | $589.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $589.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $589.0K |
| D&A | $89.0K |
| EBIT | $603.0K |
| EBITDA | $692.0K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $589.0K |
| Depreciation & Amortization | $89.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $710.0K |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $5M |
| Capital Expenditure | -$84.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$84.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$724.0K |
| FREE CASH FLOW | $5M |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $36M |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $17M |
| Other Current Assets | $833.0K |
| TOTAL CURRENT ASSETS | $59M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $80.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $107.0K |
| TOTAL NON-CURRENT ASSETS | $2M |
| TOTAL ASSETS | $62M |
| Account Payables | $3M |
| Short-Term Debt | $741.0K |
| Deferred Revenue | $154.0K |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $10M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $47.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $41.0K |
| TOTAL NON-CURRENT LIABILITIES | $161.0K |
| TOTAL LIABILITIES | $10M |
| Common Stock | $274.0K |
| Additional Paid-In Capital | $118M |
| Retained Earnings | -$66M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$150.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $52M |
| Minority Interest | $0 |
| TOTAL EQUITY | $52M |
| TOTAL LIABILITIES & EQUITY | $62M |
| Total Debt | $814.0K |
| Net Debt | -$35M |
