| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $58M | $89M | $98M | -34.7% | -40.7% |
| Op. Income | -$13M | $17M | $13M | -178.0% | -201.2% |
| Gross Margin | 54.0% | 69.5% | 72.2% | -15.6pp | -18.2pp |
| Net Margin | -395.8% | -111.5% | 8.1% | -284.3pp | -403.9pp |
| EPS (Diluted) | $-5.84 | $-2.53 | $0.20 | -130.8% | -3020.0% |
| Free Cash Flow | -$8M | -$8M | $19M | 4.5% | -141.3% |
| Item | Amount |
|---|---|
| REVENUE | $58M |
| Cost of Revenue | $27M |
| GROSS PROFIT | $31M |
| R&D Expenses | $25M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $19M |
| Other Expenses | $0 |
| Operating Expenses | $45M |
| Cost & Expenses | $71M |
| OPERATING INCOME | -$13M |
| Interest Income | $591.0K |
| Interest Expense | $4M |
| Other Income/Expenses | -$220M |
| INCOME BEFORE TAX | -$233M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | -$230M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$230M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$230M |
| D&A | $5M |
| EBIT | -$229M |
| EBITDA | -$224M |
| EPS | -$6 |
| EPS Diluted | -$6 |
| Item | Amount |
|---|---|
| Net Income | -$230M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | $216M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$10M |
| Sales/Maturities of Investments | $6M |
| Other Investing Activities | -$300.0K |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | -$14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $95M |
| Short-Term Investments | $20M |
| Net Receivables | $45M |
| Inventory | $0 |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $228M |
| PP&E (Net) | $52M |
| Goodwill | $891M |
| Intangible Assets | $10M |
| Long-Term Investments | $12M |
| Tax Assets | $52M |
| Other Non-Current Assets | $74M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $1.3B |
| Account Payables | $10M |
| Short-Term Debt | $11M |
| Deferred Revenue | $73M |
| Other Current Liabilities | $28M |
| TOTAL CURRENT LIABILITIES | $147M |
| Long-Term Debt | $259M |
| Deferred Revenue NC | $166M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $21M |
| TOTAL NON-CURRENT LIABILITIES | $459M |
| TOTAL LIABILITIES | $606M |
| Common Stock | $394.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | -$283M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$34M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $713M |
| Minority Interest | $0 |
| TOTAL EQUITY | $713M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $287M |
| Net Debt | $192M |
