| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $82M | $87M | $77M | -6.3% | 5.9% |
| Op. Income | -$13M | -$6M | -$8M | -107.9% | -64.2% |
| Gross Margin | 51.9% | 53.4% | 52.1% | -1.5pp | -0.3pp |
| Net Margin | -15.9% | -7.2% | -9.1% | -8.7pp | -6.9pp |
| EPS (Diluted) | $-0.33 | $-0.16 | $-0.18 | -106.3% | -83.3% |
| Free Cash Flow | -$26M | $8M | -$10M | -446.9% | -162.9% |
| Item | Amount |
|---|---|
| REVENUE | $82M |
| Cost of Revenue | $39M |
| GROSS PROFIT | $42M |
| R&D Expenses | $8M |
| Selling & Marketing | $27M |
| General & Administrative | $10M |
| SG&A Expenses | $37M |
| Other Expenses | $11M |
| Operating Expenses | $56M |
| Cost & Expenses | $95M |
| OPERATING INCOME | -$13M |
| Interest Income | $0 |
| Interest Expense | $381.0K |
| Other Income/Expenses | -$556.0K |
| INCOME BEFORE TAX | -$14M |
| Income Tax Expense | -$853.0K |
| Net Income from Continuing Ops | -$13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$13M |
| D&A | $8M |
| EBIT | -$13M |
| EBITDA | -$6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$907.0K |
| Other Non-Cash Items | $868.0K |
| Change in Working Capital | -$22M |
| OPERATING CASH FLOW | -$25M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $25M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$624.0K |
| NET CASH FROM FINANCING | $24M |
| FREE CASH FLOW | -$26M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $25M |
| Short-Term Investments | $0 |
| Net Receivables | $54M |
| Inventory | $58M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $151M |
| PP&E (Net) | $46M |
| Goodwill | $201M |
| Intangible Assets | $148M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $406M |
| TOTAL ASSETS | $558M |
| Account Payables | $29M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $66M |
| Long-Term Debt | $50M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $15M |
| Other Non-Current Liabilities | $12M |
| TOTAL NON-CURRENT LIABILITIES | $77M |
| TOTAL LIABILITIES | $144M |
| Common Stock | $381.0K |
| Additional Paid-In Capital | $590M |
| Retained Earnings | -$171M |
| Treasury Stock | -$6M |
| Accum. Other Comp. Income | $807.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $414M |
| Minority Interest | $0 |
| TOTAL EQUITY | $414M |
| TOTAL LIABILITIES & EQUITY | $558M |
| Total Debt | $50M |
| Net Debt | $25M |
