| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $148M | $142M | $120M | 3.8% | 22.6% |
| Op. Income | -$39M | -$56M | -$37M | 30.3% | -5.1% |
| Gross Margin | 52.5% | 61.8% | 64.5% | -9.3pp | -12.0pp |
| Net Margin | -21.9% | -36.4% | -31.8% | 14.5pp | 9.9pp |
| EPS (Diluted) | $-0.22 | $-0.35 | $-0.27 | 37.1% | 18.5% |
| Free Cash Flow | $2M | -$8M | -$42M | 119.5% | 103.6% |
| Item | Amount |
|---|---|
| REVENUE | $148M |
| Cost of Revenue | $70M |
| GROSS PROFIT | $77M |
| R&D Expenses | $44M |
| Selling & Marketing | $53M |
| General & Administrative | $26M |
| SG&A Expenses | $78M |
| Other Expenses | -$6M |
| Operating Expenses | $117M |
| Cost & Expenses | $187M |
| OPERATING INCOME | -$39M |
| Interest Income | $8M |
| Interest Expense | $0 |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | -$31M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$32M |
| D&A | $6M |
| EBIT | -$45M |
| EBITDA | -$39M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$32M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $25M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | $11M |
| OPERATING CASH FLOW | $5M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$122M |
| Sales/Maturities of Investments | $75M |
| Other Investing Activities | -$624.0K |
| NET CASH FROM INVESTING | -$51M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$13M |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | $2M |
| Net Change in Cash | -$54M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $268M |
| Short-Term Investments | $512M |
| Net Receivables | $68M |
| Inventory | $0 |
| Other Current Assets | $17M |
| TOTAL CURRENT ASSETS | $865M |
| PP&E (Net) | $35M |
| Goodwill | $0 |
| Intangible Assets | $8M |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $54M |
| TOTAL NON-CURRENT ASSETS | $99M |
| TOTAL ASSETS | $964M |
| Account Payables | $109M |
| Short-Term Debt | $8M |
| Deferred Revenue | $131M |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $274M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $9M |
| TOTAL LIABILITIES | $283M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | -$696M |
| Treasury Stock | -$5M |
| Accum. Other Comp. Income | -$285.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $681M |
| Minority Interest | $0 |
| TOTAL EQUITY | $681M |
| TOTAL LIABILITIES & EQUITY | $964M |
| Total Debt | $12M |
| Net Debt | -$256M |
