| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $42M | $44M | $34M | -4.4% | 23.0% |
| Op. Income | -$12M | -$11M | -$15M | -13.2% | 22.1% |
| Gross Margin | 70.9% | 69.4% | 61.0% | 1.5pp | 9.8pp |
| Net Margin | -35.5% | -30.2% | -51.6% | -5.3pp | 16.2pp |
| EPS (Diluted) | $-0.26 | $-0.23 | $-0.31 | -13.0% | 16.1% |
| Free Cash Flow | -$21M | -$10M | -$38M | -107.6% | 45.1% |
| Item | Amount |
|---|---|
| REVENUE | $42M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $30M |
| R&D Expenses | $1M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $37M |
| Other Expenses | $3M |
| Operating Expenses | $42M |
| Cost & Expenses | $54M |
| OPERATING INCOME | -$12M |
| Interest Income | $99.0K |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$15M |
| Income Tax Expense | $23.0K |
| 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 | $1M |
| EBIT | -$12M |
| EBITDA | -$11M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$15M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$13M |
| OPERATING CASH FLOW | -$21M |
| Capital Expenditure | -$511.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$284.0K |
| NET CASH FROM INVESTING | -$511.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | -$21M |
| Net Change in Cash | -$22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $31M |
| Short-Term Investments | $0 |
| Net Receivables | $23M |
| Inventory | $23M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $84M |
| PP&E (Net) | $4M |
| Goodwill | $21M |
| Intangible Assets | $48M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $76M |
| TOTAL ASSETS | $160M |
| Account Payables | $10M |
| Short-Term Debt | $0 |
| Deferred Revenue | $7M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $41M |
| Long-Term Debt | $72M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $22.0K |
| Other Non-Current Liabilities | $40M |
| TOTAL NON-CURRENT LIABILITIES | $113M |
| TOTAL LIABILITIES | $153M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $519M |
| Retained Earnings | -$512M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$416.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7M |
| Minority Interest | $0 |
| TOTAL EQUITY | $7M |
| TOTAL LIABILITIES & EQUITY | $160M |
| Total Debt | $74M |
| Net Debt | $43M |
