| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12M | $16M | $23M | -23.5% | -47.6% |
| Op. Income | -$10M | -$10M | -$888.0K | 4.3% | -976.7% |
| Gross Margin | 47.2% | 51.7% | 64.8% | -4.5pp | -17.6pp |
| Net Margin | -83.0% | -66.7% | -5.9% | -16.3pp | -77.1pp |
| EPS (Diluted) | $-0.56 | $-0.60 | $-0.08 | 6.7% | -603.5% |
| Free Cash Flow | -$6M | -$24M | -$19M | 75.0% | 68.8% |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $6M |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $13M |
| Other Expenses | $0 |
| Operating Expenses | $15M |
| Cost & Expenses | $22M |
| OPERATING INCOME | -$10M |
| Interest Income | $122.0K |
| Interest Expense | $650.0K |
| Other Income/Expenses | -$575.0K |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $1M |
| EBIT | -$9M |
| EBITDA | -$8M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $646.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $241.0K |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | -$956.0K |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $52.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $52.0K |
| FREE CASH FLOW | -$6M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $17M |
| Short-Term Investments | $0 |
| Net Receivables | $28M |
| Inventory | $13M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $61M |
| PP&E (Net) | $167.0K |
| Goodwill | $0 |
| Intangible Assets | $26M |
| Long-Term Investments | $9M |
| Tax Assets | -$9M |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $35M |
| TOTAL ASSETS | $96M |
| Account Payables | $44M |
| Short-Term Debt | $15M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $77M |
| Long-Term Debt | $10M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $11M |
| TOTAL LIABILITIES | $88M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $86M |
| Retained Earnings | -$79M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7M |
| Minority Interest | $0 |
| TOTAL EQUITY | $7M |
| TOTAL LIABILITIES & EQUITY | $96M |
| Total Debt | $25M |
| Net Debt | $8M |
