| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $148M | $166M | $216M | -10.7% | -31.5% |
| Op. Income | -$48M | -$36M | -$164M | -33.0% | 70.6% |
| Gross Margin | 57.1% | 63.1% | 45.1% | -5.9pp | 12.0pp |
| Net Margin | -30.3% | -20.4% | -67.5% | -9.9pp | 37.2pp |
| EPS (Diluted) | $-7.50 | $-5.50 | $-23.57 | -36.4% | 68.2% |
| Free Cash Flow | -$13M | -$8M | -$93M | -75.1% | 85.5% |
| Item | Amount |
|---|---|
| REVENUE | $148M |
| Cost of Revenue | $64M |
| GROSS PROFIT | $85M |
| R&D Expenses | $21M |
| Selling & Marketing | $74M |
| General & Administrative | $19M |
| SG&A Expenses | $93M |
| Other Expenses | $19M |
| Operating Expenses | $133M |
| Cost & Expenses | $196M |
| OPERATING INCOME | -$48M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$46M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$45M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$45M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$45M |
| D&A | $16M |
| EBIT | -$44M |
| EBITDA | -$28M |
| EPS | -$8 |
| EPS Diluted | -$8 |
| Item | Amount |
|---|---|
| Net Income | -$45M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $27M |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | -$10M |
| 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 | -$312.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$410.0K |
| NET CASH FROM FINANCING | -$722.0K |
| FREE CASH FLOW | -$13M |
| Net Change in Cash | -$14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $80M |
| Short-Term Investments | $0 |
| Net Receivables | $866.0K |
| Inventory | $54M |
| Other Current Assets | $34M |
| TOTAL CURRENT ASSETS | $186M |
| PP&E (Net) | $79M |
| Goodwill | $125M |
| Intangible Assets | $8M |
| Long-Term Investments | $5M |
| Tax Assets | -$5M |
| Other Non-Current Assets | $44M |
| TOTAL NON-CURRENT ASSETS | $257M |
| TOTAL ASSETS | $443M |
| Account Payables | $18M |
| Short-Term Debt | $1M |
| Deferred Revenue | $96M |
| Other Current Liabilities | $33M |
| TOTAL CURRENT LIABILITIES | $185M |
| Long-Term Debt | $40M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $181.0K |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $47M |
| TOTAL LIABILITIES | $232M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $631M |
| Retained Earnings | -$419M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $37.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $212M |
| Minority Interest | $0 |
| TOTAL EQUITY | $212M |
| TOTAL LIABILITIES & EQUITY | $443M |
| Total Debt | $46M |
| Net Debt | -$34M |
