| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $978.1K | $743.7K | $648.4K | 31.5% | 50.8% |
| Op. Income | -$2M | -$2M | -$3M | 8.4% | 25.3% |
| Gross Margin | 25.7% | 5.3% | 37.6% | 20.4pp | -11.9pp |
| Net Margin | -97.8% | -288.6% | -384.3% | 190.8pp | 286.5pp |
| EPS (Diluted) | $0.00 | $-0.07 | $-0.08 | 106.6% | 106.1% |
| Free Cash Flow | -$2M | -$2M | -$3M | -30.0% | 23.3% |
| Item | Amount |
|---|---|
| REVENUE | $978.1K |
| Cost of Revenue | $726.9K |
| GROSS PROFIT | $251.1K |
| R&D Expenses | $810.6K |
| Selling & Marketing | $0 |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $11.0K |
| Operating Expenses | $2M |
| Cost & Expenses | $3M |
| OPERATING INCOME | -$2M |
| Interest Income | $104.7K |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$956.4K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$956.4K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$956.4K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$956.4K |
| D&A | $0 |
| EBIT | -$956.4K |
| EBITDA | -$956.4K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | -$956.4K |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $330.6K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$986.9K |
| Change in Working Capital | -$574.2K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$719.8K |
| Sales/Maturities of Investments | $3M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $3M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $579.8K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6M |
| Short-Term Investments | $5M |
| Net Receivables | $784.2K |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $13M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6.1K |
| TOTAL NON-CURRENT ASSETS | $6.1K |
| TOTAL ASSETS | $13M |
| Account Payables | $770.4K |
| Short-Term Debt | $0 |
| Deferred Revenue | $176.5K |
| Other Current Liabilities | $65.2K |
| TOTAL CURRENT LIABILITIES | $2M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $132.4K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $132.4K |
| TOTAL LIABILITIES | $2M |
| Common Stock | $41.1K |
| Additional Paid-In Capital | $104M |
| Retained Earnings | -$74M |
| Treasury Stock | -$19M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11M |
| Minority Interest | $0 |
| TOTAL EQUITY | $11M |
| TOTAL LIABILITIES & EQUITY | $13M |
| Total Debt | $0 |
| Net Debt | -$6M |
