| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $32M | $45M | $60M | -28.5% | -46.0% |
| Op. Income | -$68M | -$51M | -$81M | -31.6% | 16.3% |
| Gross Margin | 48.0% | 68.7% | 84.4% | -20.7pp | -36.4pp |
| Net Margin | -233.5% | -129.8% | -159.8% | -103.7pp | -73.6pp |
| EPS (Diluted) | $-0.94 | $-0.85 | $-1.44 | -10.6% | 34.7% |
| Free Cash Flow | -$69M | -$100M | -$55M | 31.1% | -26.0% |
| Item | Amount |
|---|---|
| REVENUE | $32M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $16M |
| R&D Expenses | $34M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $49M |
| Other Expenses | $0 |
| Operating Expenses | $83M |
| Cost & Expenses | $100M |
| OPERATING INCOME | -$68M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | -$76M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$76M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$76M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$76M |
| D&A | $949.0K |
| EBIT | -$66M |
| EBITDA | -$65M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$76M |
| Depreciation & Amortization | $949.0K |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | -$69M |
| Capital Expenditure | -$152.0K |
| Acquisitions (Net) | $178.0K |
| Purchases of Investments | -$178.0K |
| Sales/Maturities of Investments | $18M |
| Other Investing Activities | $178.0K |
| NET CASH FROM INVESTING | $18M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$69M |
| Net Change in Cash | -$47M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $17M |
| Short-Term Investments | $112M |
| Net Receivables | $101M |
| Inventory | $49M |
| Other Current Assets | $21M |
| TOTAL CURRENT ASSETS | $316M |
| PP&E (Net) | $8M |
| Goodwill | $0 |
| Intangible Assets | $6M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $73M |
| TOTAL NON-CURRENT ASSETS | $87M |
| TOTAL ASSETS | $402M |
| Account Payables | $23M |
| Short-Term Debt | $4M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $83M |
| TOTAL CURRENT LIABILITIES | $123M |
| Long-Term Debt | $472M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $102.0K |
| TOTAL NON-CURRENT LIABILITIES | $476M |
| TOTAL LIABILITIES | $599M |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$278.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$197M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$197M |
| TOTAL LIABILITIES & EQUITY | $402M |
| Total Debt | $480M |
| Net Debt | $463M |
