| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9M | $4M | $3M | 134.5% | 211.6% |
| Op. Income | -$9M | -$6M | -$3M | -48.8% | -244.2% |
| Gross Margin | 31.6% | 16.6% | 30.6% | 15.0pp | 1.0pp |
| Net Margin | -107.1% | -112.3% | -103.3% | 5.2pp | -3.8pp |
| EPS (Diluted) | $-1.23 | $-0.16 | $-0.11 | -668.8% | -1018.2% |
| Free Cash Flow | -$7M | -$11M | -$3M | 39.3% | -120.4% |
| Item | Amount |
|---|---|
| REVENUE | $9M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $3M |
| R&D Expenses | $463.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $10M |
| Other Expenses | $2M |
| Operating Expenses | $12M |
| Cost & Expenses | $18M |
| OPERATING INCOME | -$9M |
| Interest Income | $0 |
| Interest Expense | $271.0K |
| Other Income/Expenses | -$951.0K |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | -$3.0K |
| 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 | -$10M |
| EBITDA | -$8M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$3.0K |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $902.0K |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$133.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$133.0K |
| Net Debt Issuance | -$178.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$178.0K |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | -$7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $9M |
| Inventory | $513.0K |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $14M |
| PP&E (Net) | $3M |
| Goodwill | $11M |
| Intangible Assets | $7M |
| Long-Term Investments | $72M |
| Tax Assets | $973.0K |
| Other Non-Current Assets | $649.0K |
| TOTAL NON-CURRENT ASSETS | $95M |
| TOTAL ASSETS | $109M |
| Account Payables | $6M |
| Short-Term Debt | $8M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $449.0K |
| TOTAL CURRENT LIABILITIES | $24M |
| Long-Term Debt | $25M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $26M |
| TOTAL LIABILITIES | $50M |
| Common Stock | $74M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$34M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $35M |
| TOTAL STOCKHOLDERS' EQUITY | -$35M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$35M |
| TOTAL LIABILITIES & EQUITY | $50M |
| Total Debt | $35M |
| Net Debt | $33M |
