| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $44M | $34M | $35M | 28.8% | 25.9% |
| Op. Income | -$11M | -$18M | -$18M | 40.6% | 41.0% |
| Gross Margin | 69.4% | 60.2% | 54.3% | 9.2pp | 15.1pp |
| Net Margin | -30.2% | -59.8% | -52.4% | 29.7pp | 22.3pp |
| EPS (Diluted) | $-0.23 | $-0.36 | $-0.33 | 36.1% | 30.3% |
| Free Cash Flow | -$10M | -$18M | -$9M | 43.4% | -7.7% |
| Item | Amount |
|---|---|
| REVENUE | $44M |
| Cost of Revenue | $13M |
| GROSS PROFIT | $30M |
| R&D Expenses | $1M |
| Selling & Marketing | $12M |
| General & Administrative | $25M |
| SG&A Expenses | $37M |
| Other Expenses | $3M |
| Operating Expenses | $41M |
| Cost & Expenses | $54M |
| OPERATING INCOME | -$11M |
| Interest Income | $77.0K |
| Interest Expense | $3M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$13M |
| Income Tax Expense | $57.0K |
| Net Income from Continuing Ops | -$13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$13M |
| D&A | $1M |
| EBIT | -$9M |
| EBITDA | -$8M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$3.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$525.0K |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | -$12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $54M |
| Short-Term Investments | $0 |
| Net Receivables | $22M |
| Inventory | $19M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $101M |
| PP&E (Net) | $5M |
| Goodwill | $21M |
| Intangible Assets | $49M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $77M |
| TOTAL ASSETS | $178M |
| Account Payables | $9M |
| Short-Term Debt | $0 |
| Deferred Revenue | $9M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $47M |
| 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 | $159M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $516M |
| Retained Earnings | -$497M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$337.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $18M |
| Minority Interest | $0 |
| TOTAL EQUITY | $18M |
| TOTAL LIABILITIES & EQUITY | $178M |
| Total Debt | $74M |
| Net Debt | $21M |
