| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $171M | $205M | $176M | -16.5% | -2.7% |
| Op. Income | -$29M | $3M | -$18M | -928.1% | -57.1% |
| Gross Margin | 51.7% | 53.3% | 53.5% | -1.5pp | -1.7pp |
| Net Margin | -17.6% | 0.8% | -8.5% | -18.4pp | -9.1pp |
| EPS (Diluted) | $-0.25 | $0.00 | $-0.11 | -7026.2% | -116.7% |
| Free Cash Flow | $0 | $0 | — | — | — |
| Item | Amount |
|---|---|
| REVENUE | $171M |
| Cost of Revenue | $82M |
| GROSS PROFIT | $88M |
| R&D Expenses | $27M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $90M |
| Other Expenses | $0 |
| Operating Expenses | $117M |
| Cost & Expenses | $200M |
| OPERATING INCOME | -$29M |
| Interest Income | $336.8K |
| Interest Expense | $2M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$30M |
| Income Tax Expense | $469.9K |
| Net Income from Continuing Ops | -$30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$30M |
| D&A | $0 |
| EBIT | -$27M |
| EBITDA | -$27M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$30M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $28M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $85M |
| Short-Term Investments | $3M |
| Net Receivables | $39M |
| Inventory | $32M |
| Other Current Assets | $26M |
| TOTAL CURRENT ASSETS | $185M |
| PP&E (Net) | $23M |
| Goodwill | $16M |
| Intangible Assets | $0 |
| Long-Term Investments | $13M |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $58M |
| TOTAL ASSETS | $242M |
| Account Payables | $31M |
| Short-Term Debt | $209M |
| Deferred Revenue | $122M |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $482M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $8M |
| TOTAL LIABILITIES | $490M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | -$255M |
| TOTAL STOCKHOLDERS' EQUITY | -$255M |
| Minority Interest | $8M |
| TOTAL EQUITY | -$247M |
| TOTAL LIABILITIES & EQUITY | $242M |
| Total Debt | $215M |
| Net Debt | $130M |
