| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $15M | $19M | $16M | -18.5% | -0.6% |
| Op. Income | -$35M | -$49M | -$50M | 28.5% | 29.2% |
| Gross Margin | 58.7% | 50.3% | 53.6% | 8.4pp | 5.2pp |
| Net Margin | -216.7% | -177.5% | -285.6% | -39.2pp | 68.9pp |
| EPS (Diluted) | $-0.17 | $-0.17 | $-0.22 | 0.0% | 22.7% |
| Free Cash Flow | -$45M | -$31M | -$59M | -43.9% | 24.1% |
| Item | Amount |
|---|---|
| REVENUE | $15M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $9M |
| R&D Expenses | $17M |
| Selling & Marketing | $10M |
| General & Administrative | $17M |
| SG&A Expenses | $27M |
| Other Expenses | $0 |
| Operating Expenses | $44M |
| Cost & Expenses | $51M |
| OPERATING INCOME | -$35M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$33M |
| Income Tax Expense | $87.0K |
| Net Income from Continuing Ops | -$34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$34M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$34M |
| D&A | $2M |
| EBIT | -$33M |
| EBITDA | -$31M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$34M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$501.0K |
| Change in Working Capital | -$16M |
| OPERATING CASH FLOW | -$43M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$297.0K |
| Sales/Maturities of Investments | $76M |
| Other Investing Activities | $10.0K |
| NET CASH FROM INVESTING | $75M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$45M |
| Net Change in Cash | $32M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $194M |
| Short-Term Investments | $0 |
| Net Receivables | $13M |
| Inventory | $69M |
| Other Current Assets | $34M |
| TOTAL CURRENT ASSETS | $323M |
| PP&E (Net) | $52M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $4M |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $59M |
| TOTAL ASSETS | $382M |
| Account Payables | $5M |
| Short-Term Debt | $2M |
| Deferred Revenue | $15M |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $45M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $4M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $41M |
| TOTAL LIABILITIES | $86M |
| Common Stock | $21.0K |
| Additional Paid-In Capital | $926M |
| Retained Earnings | -$629M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $296M |
| Minority Interest | $0 |
| TOTAL EQUITY | $296M |
| TOTAL LIABILITIES & EQUITY | $382M |
| Total Debt | $32M |
| Net Debt | -$163M |
