| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $77M | $85M | $62M | -8.4% | 25.1% |
| Op. Income | $6M | $9M | -$2M | -41.1% | 353.5% |
| Gross Margin | 51.2% | 49.0% | 47.1% | 2.3pp | 4.1pp |
| Net Margin | 5.5% | 11.8% | -2.5% | -6.3pp | 8.1pp |
| EPS (Diluted) | $0.15 | $0.35 | $-0.06 | -57.1% | 356.0% |
| Free Cash Flow | -$9M | $1M | -$21M | -719.2% | 56.8% |
| Item | Amount |
|---|---|
| REVENUE | $77M |
| Cost of Revenue | $38M |
| GROSS PROFIT | $40M |
| R&D Expenses | $14M |
| Selling & Marketing | $12M |
| General & Administrative | $7M |
| SG&A Expenses | $18M |
| Other Expenses | $1M |
| Operating Expenses | $34M |
| Cost & Expenses | $72M |
| OPERATING INCOME | $6M |
| Interest Income | $0 |
| Interest Expense | $597.0K |
| Other Income/Expenses | -$751.0K |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $538.0K |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $2M |
| EBIT | $6M |
| EBITDA | $8M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $77M |
| Cost of Revenue | $38M |
| GROSS PROFIT | $40M |
| R&D Expenses | $14M |
| Selling & Marketing | $12M |
| General & Administrative | $7M |
| SG&A Expenses | $18M |
| Other Expenses | $1M |
| Operating Expenses | $34M |
| Cost & Expenses | $72M |
| OPERATING INCOME | $6M |
| Interest Income | $0 |
| Interest Expense | $597.0K |
| Other Income/Expenses | -$751.0K |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $538.0K |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $2M |
| EBIT | $6M |
| EBITDA | $8M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $4M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$656.0K |
| Common Stock Repurchased | -$148.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $239.0K |
| NET CASH FROM FINANCING | -$417.0K |
| FREE CASH FLOW | -$9M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $39M |
| Short-Term Investments | $0 |
| Net Receivables | $98M |
| Inventory | $68M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $224M |
| PP&E (Net) | $16M |
| Goodwill | $10M |
| Intangible Assets | $18M |
| Long-Term Investments | $0 |
| Tax Assets | $14M |
| Other Non-Current Assets | $876.0K |
| TOTAL NON-CURRENT ASSETS | $59M |
| TOTAL ASSETS | $283M |
| Account Payables | $30M |
| Short-Term Debt | $3M |
| Deferred Revenue | $9M |
| Other Current Liabilities | $21M |
| TOTAL CURRENT LIABILITIES | $94M |
| Long-Term Debt | $24M |
| Deferred Revenue NC | $9M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $37M |
| TOTAL LIABILITIES | $131M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $142M |
| Retained Earnings | $17M |
| Treasury Stock | -$5M |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $153M |
| Minority Interest | $0 |
| TOTAL EQUITY | $153M |
| TOTAL LIABILITIES & EQUITY | $283M |
| Total Debt | $30M |
| Net Debt | -$9M |
