| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | $6M | $6M | -13.9% | -19.0% |
| Op. Income | -$1M | -$2M | -$855.9K | 8.0% | -67.7% |
| Gross Margin | 7.5% | 9.4% | 10.1% | -1.9pp | -2.6pp |
| Net Margin | -29.7% | -27.3% | -15.2% | -2.5pp | -14.5pp |
| EPS (Diluted) | $-0.03 | $-0.04 | $-0.02 | 9.1% | -44.4% |
| Free Cash Flow | -$422.0K | -$737.5K | -$2M | 42.8% | 78.3% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $362.9K |
| R&D Expenses | $211.6K |
| Selling & Marketing | $57.2K |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $5.1K |
| Operating Expenses | $2M |
| Cost & Expenses | $6M |
| OPERATING INCOME | -$1M |
| Interest Income | $757 |
| Interest Expense | $14.8K |
| Other Income/Expenses | -$9.2K |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $14.2K |
| EBIT | -$1M |
| EBITDA | -$1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $14.2K |
| Stock-Based Compensation | $379.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $629.5K |
| OPERATING CASH FLOW | -$422.0K |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $730.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $730.0K |
| FREE CASH FLOW | -$422.0K |
| Net Change in Cash | $343.6K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $805.5K |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $1.3K |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $9M |
| PP&E (Net) | $268.3K |
| Goodwill | $0 |
| Intangible Assets | $108.3K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $376.6K |
| TOTAL ASSETS | $9M |
| Account Payables | $2M |
| Short-Term Debt | $730.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $5M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $118.9K |
| TOTAL LIABILITIES | $5M |
| Common Stock | $4.3K |
| Additional Paid-In Capital | $23M |
| Retained Earnings | -$19M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$167.5K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4M |
| Minority Interest | $10.4K |
| TOTAL EQUITY | $4M |
| TOTAL LIABILITIES & EQUITY | $9M |
| Total Debt | $975.6K |
| Net Debt | $170.0K |
