| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $3M | $2M | -27.1% | -1.1% |
| Op. Income | -$2M | -$2M | -$1M | 7.0% | -30.0% |
| Gross Margin | 37.2% | 42.3% | 31.2% | -5.0pp | 6.1pp |
| Net Margin | -102.5% | -97.9% | -248.3% | -4.6pp | 145.8pp |
| EPS (Diluted) | $-11.00 | $-14.30 | $-29.80 | 23.1% | 63.1% |
| Free Cash Flow | -$2M | -$2M | -$1M | 12.8% | -29.2% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $688.0K |
| R&D Expenses | $757.0K |
| Selling & Marketing | $929.0K |
| General & Administrative | $865.0K |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $4M |
| OPERATING INCOME | -$2M |
| Interest Income | $148.0K |
| Interest Expense | $180.0K |
| Other Income/Expenses | -$32.0K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $7.0K |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$11 |
| EPS Diluted | -$11 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $7.0K |
| Stock-Based Compensation | $95.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$174.0K |
| Change in Working Capital | $262.0K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$3.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$331.0K |
| NET CASH FROM INVESTING | -$334.0K |
| Net Debt Issuance | -$192.0K |
| Common Stock Repurchased | -$50.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$242.0K |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $808.0K |
| Short-Term Investments | $810.0K |
| Net Receivables | $2M |
| Inventory | $1M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $7M |
| PP&E (Net) | $624.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $5M |
| TOTAL ASSETS | $12M |
| Account Payables | $1M |
| Short-Term Debt | $2M |
| Deferred Revenue | $574.0K |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $6M |
| Long-Term Debt | $4M |
| Deferred Revenue NC | $39.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $145.0K |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $11M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $37M |
| Retained Earnings | -$35M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1M |
| Minority Interest | $0 |
| TOTAL EQUITY | $1M |
| TOTAL LIABILITIES & EQUITY | $12M |
| Total Debt | $6M |
| Net Debt | $5M |
