| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $76M | $79M | $78M | -4.0% | -2.9% |
| Op. Income | -$11M | $5M | $1M | -302.8% | -1134.2% |
| Gross Margin | 32.5% | 35.3% | 29.4% | -2.9pp | 3.1pp |
| Net Margin | -19.9% | -1.1% | -15.7% | -18.8pp | -4.2pp |
| EPS (Diluted) | $-0.03 | $-0.01 | $-0.15 | -216.7% | 78.5% |
| Free Cash Flow | -$11M | $4M | -$13M | -358.7% | 18.6% |
| Item | Amount |
|---|---|
| REVENUE | $76M |
| Cost of Revenue | $51M |
| GROSS PROFIT | $25M |
| R&D Expenses | $8M |
| Selling & Marketing | $9M |
| General & Administrative | $18M |
| SG&A Expenses | $27M |
| Other Expenses | $249.0K |
| Operating Expenses | $35M |
| Cost & Expenses | $86M |
| OPERATING INCOME | -$11M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$14M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$15M |
| D&A | $3M |
| EBIT | -$12M |
| EBITDA | -$9M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$15M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $958.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$697.0K |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $8M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $8M |
| FREE CASH FLOW | -$11M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $23M |
| Short-Term Investments | $0 |
| Net Receivables | $109M |
| Inventory | $72M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $211M |
| PP&E (Net) | $47M |
| Goodwill | $0 |
| Intangible Assets | $8M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $23M |
| TOTAL NON-CURRENT ASSETS | $79M |
| TOTAL ASSETS | $289M |
| Account Payables | $67M |
| Short-Term Debt | $38M |
| Deferred Revenue | $7M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $133M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $12M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $12M |
| TOTAL NON-CURRENT LIABILITIES | $37M |
| TOTAL LIABILITIES | $170M |
| Common Stock | $224.0K |
| Additional Paid-In Capital | $432M |
| Retained Earnings | -$281M |
| Treasury Stock | -$20M |
| Accum. Other Comp. Income | -$11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $120M |
| Minority Interest | $0 |
| TOTAL EQUITY | $120M |
| TOTAL LIABILITIES & EQUITY | $289M |
| Total Debt | $54M |
| Net Debt | $31M |
