| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $84M | $58M | $94M | 43.9% | -11.4% |
| Op. Income | $2M | -$13M | $28M | 116.7% | -92.1% |
| Gross Margin | 65.9% | 54.0% | 71.0% | 11.9pp | -5.1pp |
| Net Margin | -2.6% | -395.8% | 20.2% | 393.2pp | -22.7pp |
| EPS (Diluted) | $-0.05 | $-5.84 | $0.47 | 99.1% | -111.5% |
| Free Cash Flow | -$3M | -$8M | $735.0K | 64.9% | -481.1% |
| Item | Amount |
|---|---|
| REVENUE | $84M |
| Cost of Revenue | $29M |
| GROSS PROFIT | $55M |
| R&D Expenses | $29M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $23M |
| Other Expenses | $0 |
| Operating Expenses | $53M |
| Cost & Expenses | $81M |
| OPERATING INCOME | $2M |
| Interest Income | $870.0K |
| Interest Expense | $4M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$908.0K |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $5M |
| EBIT | $3M |
| EBITDA | $8M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | -$164.0K |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$683.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$7M |
| Sales/Maturities of Investments | $10M |
| Other Investing Activities | -$219.0K |
| NET CASH FROM INVESTING | $2M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $91M |
| Short-Term Investments | $17M |
| Net Receivables | $66M |
| Inventory | $0 |
| Other Current Assets | $69M |
| TOTAL CURRENT ASSETS | $242M |
| PP&E (Net) | $53M |
| Goodwill | $902M |
| Intangible Assets | $8M |
| Long-Term Investments | $13M |
| Tax Assets | $54M |
| Other Non-Current Assets | $76M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $1.3B |
| Account Payables | $19M |
| Short-Term Debt | $13M |
| Deferred Revenue | $76M |
| Other Current Liabilities | $41M |
| TOTAL CURRENT LIABILITIES | $165M |
| Long-Term Debt | $267M |
| Deferred Revenue NC | $162M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $21M |
| TOTAL NON-CURRENT LIABILITIES | $463M |
| TOTAL LIABILITIES | $628M |
| Common Stock | $400.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | -$280M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$24M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $720M |
| Minority Interest | $0 |
| TOTAL EQUITY | $720M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $298M |
| Net Debt | $207M |
