| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $129M | $141M | $112M | -8.5% | 14.8% |
| Op. Income | -$35M | -$27M | -$4M | -28.8% | -791.2% |
| Gross Margin | 49.7% | 55.7% | 60.6% | -6.0pp | -10.9pp |
| Net Margin | -28.5% | -9.4% | -6.3% | -19.1pp | -22.2pp |
| EPS (Diluted) | $-0.22 | $-0.08 | $-0.04 | -186.8% | -420.1% |
| Free Cash Flow | -$29M | -$45M | -$12M | 34.9% | -151.7% |
| Item | Amount |
|---|---|
| REVENUE | $129M |
| Cost of Revenue | $65M |
| GROSS PROFIT | $64M |
| R&D Expenses | $0 |
| Selling & Marketing | $13M |
| General & Administrative | $86M |
| SG&A Expenses | $99M |
| Other Expenses | $0 |
| Operating Expenses | $99M |
| Cost & Expenses | $164M |
| OPERATING INCOME | -$35M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$37M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$37M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$37M |
| D&A | $5M |
| EBIT | -$35M |
| EBITDA | -$30M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$37M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | -$26M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$161.0K |
| Common Stock Repurchased | -$222.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $459.0K |
| NET CASH FROM FINANCING | $76.0K |
| FREE CASH FLOW | -$29M |
| Net Change in Cash | -$29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $199M |
| Short-Term Investments | $0 |
| Net Receivables | $10M |
| Inventory | $153M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $368M |
| PP&E (Net) | $58M |
| Goodwill | $0 |
| Intangible Assets | $4M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $66M |
| TOTAL ASSETS | $434M |
| Account Payables | $37M |
| Short-Term Debt | $0 |
| Deferred Revenue | $32M |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $109M |
| Long-Term Debt | $105M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$25M |
| TOTAL NON-CURRENT LIABILITIES | $108M |
| TOTAL LIABILITIES | $217M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $465M |
| Retained Earnings | -$248M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$434M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $217M |
| Minority Interest | $0 |
| TOTAL EQUITY | $217M |
| TOTAL LIABILITIES & EQUITY | $434M |
| Total Debt | $139M |
| Net Debt | -$60M |
