| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $145M | $148M | $199M | -2.2% | -27.2% |
| Op. Income | -$27M | -$48M | -$74M | 43.0% | 63.1% |
| Gross Margin | 63.0% | 57.1% | 46.8% | 5.9pp | 16.3pp |
| Net Margin | -20.1% | -30.3% | -37.0% | 10.2pp | 16.8pp |
| EPS (Diluted) | $-4.72 | $-7.50 | $-12.00 | 37.1% | 60.7% |
| Free Cash Flow | -$11M | -$13M | -$46M | 16.3% | 75.3% |
| Item | Amount |
|---|---|
| REVENUE | $145M |
| Cost of Revenue | $54M |
| GROSS PROFIT | $91M |
| R&D Expenses | $19M |
| Selling & Marketing | $77M |
| General & Administrative | $18M |
| SG&A Expenses | $94M |
| Other Expenses | $5M |
| Operating Expenses | $119M |
| Cost & Expenses | $172M |
| OPERATING INCOME | -$27M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$29M |
| Income Tax Expense | $48.0K |
| Net Income from Continuing Ops | -$29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$29M |
| D&A | $16M |
| EBIT | -$27M |
| EBITDA | -$11M |
| EPS | -$5 |
| EPS Diluted | -$5 |
| Item | Amount |
|---|---|
| Net Income | -$29M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | -$53.0K |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$313.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$11M |
| Net Change in Cash | -$14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $66M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $48M |
| Other Current Assets | $38M |
| TOTAL CURRENT ASSETS | $172M |
| PP&E (Net) | $72M |
| Goodwill | $125M |
| Intangible Assets | $38M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $244M |
| TOTAL ASSETS | $416M |
| Account Payables | $17M |
| Short-Term Debt | $1M |
| Deferred Revenue | $100M |
| Other Current Liabilities | $35M |
| TOTAL CURRENT LIABILITIES | $178M |
| Long-Term Debt | $40M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $172.0K |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $48M |
| TOTAL LIABILITIES | $226M |
| Common Stock | $31.0K |
| Additional Paid-In Capital | $638M |
| Retained Earnings | -$448M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$187.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $190M |
| Minority Interest | $0 |
| TOTAL EQUITY | $190M |
| TOTAL LIABILITIES & EQUITY | $416M |
| Total Debt | $46M |
| Net Debt | -$20M |
