| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $72M | $72M | $65M | 0.1% | 11.6% |
| Op. Income | -$35M | -$31M | -$34M | -13.5% | -2.6% |
| Gross Margin | 74.5% | 75.8% | 74.4% | -1.3pp | 0.1pp |
| Net Margin | -45.5% | -41.9% | -52.8% | -3.7pp | 7.2pp |
| EPS (Diluted) | $-0.45 | $-0.41 | $-0.48 | -9.8% | 6.2% |
| Free Cash Flow | -$4M | -$52M | -$10M | 92.9% | 62.5% |
| Item | Amount |
|---|---|
| REVENUE | $72M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $54M |
| R&D Expenses | $23M |
| Selling & Marketing | $34M |
| General & Administrative | $19M |
| SG&A Expenses | $53M |
| Other Expenses | $13M |
| Operating Expenses | $89M |
| Cost & Expenses | $107M |
| OPERATING INCOME | -$35M |
| Interest Income | $2M |
| Interest Expense | $708.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$33M |
| Income Tax Expense | $254.0K |
| Net Income from Continuing Ops | -$33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$33M |
| D&A | $3M |
| EBIT | -$33M |
| EBITDA | -$30M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$33M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $21M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$990.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$44M |
| Sales/Maturities of Investments | $39M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $145.0K |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $92M |
| Short-Term Investments | $212M |
| Net Receivables | $52M |
| Inventory | $0 |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $374M |
| PP&E (Net) | $15M |
| Goodwill | $50M |
| Intangible Assets | $28M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $100M |
| TOTAL ASSETS | $474M |
| Account Payables | $7M |
| Short-Term Debt | $0 |
| Deferred Revenue | $18M |
| Other Current Liabilities | $34M |
| TOTAL CURRENT LIABILITIES | $79M |
| Long-Term Debt | $337M |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $334.0K |
| TOTAL NON-CURRENT LIABILITIES | $350M |
| TOTAL LIABILITIES | $428M |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $577M |
| Retained Earnings | -$530M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $46M |
| Minority Interest | $0 |
| TOTAL EQUITY | $46M |
| TOTAL LIABILITIES & EQUITY | $474M |
| Total Debt | $350M |
| Net Debt | $259M |
