| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $43M | $69M | $44M | -37.7% | -2.7% |
| Op. Income | -$842.0K | $6M | -$6M | -113.0% | 85.0% |
| Gross Margin | 33.6% | 30.6% | 21.2% | 3.0pp | 12.4pp |
| Net Margin | -4.7% | 4.5% | -16.2% | -9.2pp | 11.5pp |
| EPS (Diluted) | $-7.50 | $7.50 | $-28.02 | -200.0% | 73.2% |
| Free Cash Flow | $544.0K | $7M | $11M | -92.3% | -94.9% |
| Item | Amount |
|---|---|
| REVENUE | $43M |
| Cost of Revenue | $28M |
| GROSS PROFIT | $14M |
| R&D Expenses | $617.0K |
| Selling & Marketing | $0 |
| General & Administrative | $15M |
| SG&A Expenses | $15M |
| Other Expenses | $0 |
| Operating Expenses | $15M |
| Cost & Expenses | $44M |
| OPERATING INCOME | -$842.0K |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | -$426.0K |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $2M |
| EBIT | $149.0K |
| EBITDA | $2M |
| EPS | -$8 |
| EPS Diluted | -$8 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $648.0K |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $690.0K |
| Capital Expenditure | -$146.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$146.0K |
| Net Debt Issuance | -$9M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$10M |
| FREE CASH FLOW | $544.0K |
| Net Change in Cash | -$7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $15M |
| Short-Term Investments | $0 |
| Net Receivables | $31M |
| Inventory | $58M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $111M |
| PP&E (Net) | $6M |
| Goodwill | $25M |
| Intangible Assets | $53M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $397.0K |
| TOTAL NON-CURRENT ASSETS | $84M |
| TOTAL ASSETS | $195M |
| Account Payables | $31M |
| Short-Term Debt | $845.0K |
| Deferred Revenue | $8M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $48M |
| Long-Term Debt | $44M |
| Deferred Revenue NC | $16M |
| Deferred Tax Liabilities | $5M |
| Other Non-Current Liabilities | $29M |
| TOTAL NON-CURRENT LIABILITIES | $95M |
| TOTAL LIABILITIES | $144M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $118M |
| Retained Earnings | -$65M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$914.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $52M |
| Minority Interest | $0 |
| TOTAL EQUITY | $52M |
| TOTAL LIABILITIES & EQUITY | $195M |
| Total Debt | $49M |
| Net Debt | $34M |
