| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $8M | $6M | -9.7% | 30.2% |
| Op. Income | -$38M | -$38M | -$30M | -0.8% | -26.4% |
| Gross Margin | 27.9% | 22.0% | 15.1% | 5.9pp | 12.8pp |
| Net Margin | -500.7% | -470.8% | -525.8% | -29.9pp | 25.2pp |
| EPS (Diluted) | $-4428.00 | $-4689.00 | $-3788.40 | 5.6% | -16.9% |
| Free Cash Flow | -$33M | -$36M | -$33M | 9.2% | 2.1% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $2M |
| R&D Expenses | $14M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $26M |
| Other Expenses | $0 |
| Operating Expenses | $40M |
| Cost & Expenses | $45M |
| OPERATING INCOME | -$38M |
| Interest Income | $704.0K |
| Interest Expense | $76.0K |
| Other Income/Expenses | $745.0K |
| INCOME BEFORE TAX | -$37M |
| Income Tax Expense | $26.0K |
| 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 | $3M |
| EBIT | -$37M |
| EBITDA | -$34M |
| EPS | -$4.4K |
| EPS Diluted | -$4.4K |
| Item | Amount |
|---|---|
| Net Income | -$37M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $915.0K |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$32M |
| Capital Expenditure | -$360.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $17M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $17M |
| Net Debt Issuance | -$10.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$357.0K |
| NET CASH FROM FINANCING | $15M |
| FREE CASH FLOW | -$33M |
| Net Change in Cash | -$987.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $92M |
| Net Receivables | $7M |
| Inventory | $33M |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $143M |
| PP&E (Net) | $30M |
| Goodwill | $77M |
| Intangible Assets | $39M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $150M |
| TOTAL ASSETS | $292M |
| Account Payables | $16M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1M |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $38M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $194.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $14M |
| TOTAL NON-CURRENT LIABILITIES | $23M |
| TOTAL LIABILITIES | $61M |
| Common Stock | $31.0K |
| Additional Paid-In Capital | $618M |
| Retained Earnings | -$386M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$665.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $231M |
| Minority Interest | $0 |
| TOTAL EQUITY | $231M |
| TOTAL LIABILITIES & EQUITY | $292M |
| Total Debt | $11M |
| Net Debt | $7M |
