| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | $4M | $6M | -4.7% | -33.7% |
| Op. Income | -$64M | $17M | -$42M | -465.3% | -53.5% |
| Gross Margin | 49.1% | -27.1% | 32.2% | 76.2pp | 16.9pp |
| Net Margin | -1626.9% | 591.8% | -1059.3% | -2218.6pp | -567.6pp |
| EPS (Diluted) | $-4.12 | $1.64 | $-4.82 | -351.1% | 14.5% |
| Free Cash Flow | -$18M | -$30M | -$36M | 40.0% | 49.0% |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $2M |
| R&D Expenses | $17M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $14M |
| Other Expenses | $35M |
| Operating Expenses | $66M |
| Cost & Expenses | $68M |
| OPERATING INCOME | -$64M |
| Interest Income | $116.0K |
| Interest Expense | $277.0K |
| Other Income/Expenses | -$147.0K |
| INCOME BEFORE TAX | -$64M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$64M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$64M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$64M |
| D&A | $2M |
| EBIT | -$64M |
| EBITDA | -$61M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$64M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $18M |
| Change in Working Capital | $25M |
| OPERATING CASH FLOW | -$15M |
| 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 | $12M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$53.0K |
| NET CASH FROM FINANCING | $13M |
| FREE CASH FLOW | -$18M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9M |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $5M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $25M |
| PP&E (Net) | $87M |
| Goodwill | $90M |
| Intangible Assets | $120M |
| Long-Term Investments | $15M |
| Tax Assets | $0 |
| Other Non-Current Assets | $25M |
| TOTAL NON-CURRENT ASSETS | $337M |
| TOTAL ASSETS | $362M |
| Account Payables | $9M |
| Short-Term Debt | $31M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $25M |
| TOTAL CURRENT LIABILITIES | $66M |
| Long-Term Debt | $5M |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $9.0K |
| Other Non-Current Liabilities | $105M |
| TOTAL NON-CURRENT LIABILITIES | $140M |
| TOTAL LIABILITIES | $207M |
| Common Stock | $17.0K |
| Additional Paid-In Capital | $862M |
| Retained Earnings | -$710M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $156M |
| Minority Interest | $0 |
| TOTAL EQUITY | $156M |
| TOTAL LIABILITIES & EQUITY | $362M |
| Total Debt | $64M |
| Net Debt | $55M |
