| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $54M | $84M | $63M | -35.4% | -13.4% |
| Op. Income | -$36M | -$25M | -$20M | -40.1% | -78.6% |
| Gross Margin | 40.1% | 43.1% | 51.9% | -3.0pp | -11.8pp |
| Net Margin | -64.7% | -29.5% | -34.9% | -35.2pp | -29.8pp |
| EPS (Diluted) | $-4.69 | $-3.32 | $-2.97 | -41.3% | -57.9% |
| Free Cash Flow | -$24M | -$15M | -$49M | -61.5% | 51.0% |
| Item | Amount |
|---|---|
| REVENUE | $54M |
| Cost of Revenue | $33M |
| GROSS PROFIT | $22M |
| R&D Expenses | $0 |
| Selling & Marketing | $11M |
| General & Administrative | $43M |
| SG&A Expenses | $54M |
| Other Expenses | $3M |
| Operating Expenses | $57M |
| Cost & Expenses | $90M |
| OPERATING INCOME | -$36M |
| Interest Income | $808.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $734.0K |
| INCOME BEFORE TAX | -$35M |
| Income Tax Expense | $221.0K |
| Net Income from Continuing Ops | -$35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$35M |
| D&A | $5M |
| EBIT | -$32M |
| EBITDA | -$27M |
| EPS | -$5 |
| EPS Diluted | -$5 |
| Item | Amount |
|---|---|
| Net Income | -$35M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | -$21M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$50.0K |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $62.0K |
| NET CASH FROM FINANCING | $62.0K |
| FREE CASH FLOW | -$24M |
| Net Change in Cash | -$24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $143M |
| Short-Term Investments | $0 |
| Net Receivables | $14M |
| Inventory | $109M |
| Other Current Assets | $633.0K |
| TOTAL CURRENT ASSETS | $274M |
| PP&E (Net) | $147M |
| Goodwill | $0 |
| Intangible Assets | $120.0K |
| Long-Term Investments | $2M |
| Tax Assets | $1M |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $155M |
| TOTAL ASSETS | $429M |
| Account Payables | $7M |
| Short-Term Debt | $0 |
| Deferred Revenue | $4M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $43M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $98M |
| TOTAL LIABILITIES | $142M |
| Common Stock | $15.0K |
| Additional Paid-In Capital | $565M |
| Retained Earnings | -$274M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $288M |
| Minority Interest | $0 |
| TOTAL EQUITY | $288M |
| TOTAL LIABILITIES & EQUITY | $429M |
| Total Debt | $110M |
| Net Debt | -$33M |
