Q4 2022 Earnings

Reported December 29, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q4 2022	Q3 2022	Q4 2021	QoQ Change	YoY Change
Revenue	$20M	$23M	—	-11.9%	—
Op. Income	-$22M	-$6M	—	-258.1%	—
Gross Margin	71.9%	74.4%	—	-2.5pp	—
Net Margin	-98.7%	-23.1%	—	-75.6pp	—
EPS (Diluted)	$-0.59	$-0.16	—	-268.7%	—

Income Statement

Item	Amount
REVENUE	$20M
Cost of Revenue	$6M
GROSS PROFIT	$15M
R&D Expenses	$28M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$9M
Other Expenses	$0
Operating Expenses	$36M
Cost & Expenses	$42M
OPERATING INCOME	-$22M
Interest Income	$1M
Interest Expense	$0
Other Income/Expenses	$1M
INCOME BEFORE TAX	-$20M
Income Tax Expense	-$244.0K
Net Income from Continuing Ops	-$20M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$20M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$20M
D&A	$0
EBIT	-$20M
EBITDA	-$20M
EPS	-$1
EPS Diluted	-$1