| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $58M | $78M | $63M | -25.7% | -7.9% |
| Op. Income | $6M | $16M | $8M | -62.1% | -22.9% |
| Gross Margin | 82.3% | 79.7% | 79.5% | 2.6pp | 2.8pp |
| Net Margin | 6.9% | 23.2% | 10.1% | -16.4pp | -3.3pp |
| EPS (Diluted) | $0.05 | $0.24 | $0.08 | -78.2% | -34.5% |
| Free Cash Flow | -$4M | $25M | $13M | -114.2% | -127.6% |
| Item | Amount |
|---|---|
| REVENUE | $58M |
| Cost of Revenue | $10M |
| GROSS PROFIT | $47M |
| R&D Expenses | $12M |
| Selling & Marketing | $22M |
| General & Administrative | $7M |
| SG&A Expenses | $30M |
| Other Expenses | $0 |
| Operating Expenses | $41M |
| Cost & Expenses | $52M |
| OPERATING INCOME | $6M |
| Interest Income | $973.0K |
| Interest Expense | $0 |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $964.0K |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $2M |
| EBIT | $6M |
| EBITDA | $8M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $58M |
| Cost of Revenue | $10M |
| GROSS PROFIT | $47M |
| R&D Expenses | $12M |
| Selling & Marketing | $22M |
| General & Administrative | $7M |
| SG&A Expenses | $30M |
| Other Expenses | $0 |
| Operating Expenses | $41M |
| Cost & Expenses | $52M |
| OPERATING INCOME | $6M |
| Interest Income | $973.0K |
| Interest Expense | $0 |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $964.0K |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $2M |
| EBIT | $6M |
| EBITDA | $8M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $4M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$169.0K |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | -$846.0K |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$21M |
| Sales/Maturities of Investments | $29M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $5M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$4M |
| Other Financing Activities | $473.0K |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | $548.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $69M |
| Short-Term Investments | $76M |
| Net Receivables | $67M |
| Inventory | $20M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $245M |
| PP&E (Net) | $22M |
| Goodwill | $1M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $62M |
| Other Non-Current Assets | $27M |
| TOTAL NON-CURRENT ASSETS | $112M |
| TOTAL ASSETS | $357M |
| Account Payables | $6M |
| Short-Term Debt | $0 |
| Deferred Revenue | $76M |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $103M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $53M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $16M |
| TOTAL NON-CURRENT LIABILITIES | $69M |
| TOTAL LIABILITIES | $172M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $471M |
| Retained Earnings | -$126M |
| Treasury Stock | -$135M |
| Accum. Other Comp. Income | -$163.0K |
| Other Equity | -$24M |
| TOTAL STOCKHOLDERS' EQUITY | $186M |
| Minority Interest | $0 |
| TOTAL EQUITY | $186M |
| TOTAL LIABILITIES & EQUITY | $357M |
| Total Debt | $5M |
| Net Debt | -$64M |
