| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | $7M | $4M | 11.2% | 95.8% |
| Op. Income | -$12M | -$11M | -$10M | -5.9% | -22.7% |
| Gross Margin | 83.4% | 79.0% | 76.7% | 4.4pp | 6.6pp |
| Net Margin | -142.5% | -146.8% | -245.1% | 4.3pp | 102.6pp |
| EPS (Diluted) | $-0.55 | $-0.51 | $-0.49 | -7.8% | -12.2% |
| Free Cash Flow | -$10M | -$11M | -$11M | 3.9% | 4.1% |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $7M |
| R&D Expenses | $3M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $15M |
| Other Expenses | $0 |
| Operating Expenses | $19M |
| Cost & Expenses | $20M |
| OPERATING INCOME | -$12M |
| Interest Income | $0 |
| Interest Expense | $240.0K |
| Other Income/Expenses | $822.0K |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | $34.0K |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $129.0K |
| EBIT | -$11M |
| EBITDA | -$11M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $129.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $35.0K |
| Change in Working Capital | -$744.0K |
| OPERATING CASH FLOW | -$10M |
| Capital Expenditure | -$240.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$240.0K |
| Net Debt Issuance | $8M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $68.0K |
| NET CASH FROM FINANCING | $8M |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $103M |
| Short-Term Investments | $0 |
| Net Receivables | $6M |
| Inventory | $8M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $121M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $27.0K |
| TOTAL NON-CURRENT ASSETS | $2M |
| TOTAL ASSETS | $123M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $8M |
| Long-Term Debt | $14M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $815.0K |
| TOTAL NON-CURRENT LIABILITIES | $15M |
| TOTAL LIABILITIES | $23M |
| Common Stock | $207.0K |
| Additional Paid-In Capital | $547M |
| Retained Earnings | -$448M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$204.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $100M |
| Minority Interest | $0 |
| TOTAL EQUITY | $100M |
| TOTAL LIABILITIES & EQUITY | $123M |
| Total Debt | $15M |
| Net Debt | -$89M |
