| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $77M | $72M | $59M | 6.3% | 29.2% |
| Op. Income | -$20M | -$23M | -$17M | 12.8% | -17.8% |
| Gross Margin | 77.1% | 77.9% | 77.8% | -0.9pp | -0.7pp |
| Net Margin | -30.2% | -32.7% | -38.3% | 2.5pp | 8.1pp |
| EPS (Diluted) | $-0.23 | $-0.24 | $-0.23 | 4.2% | 0.0% |
| Free Cash Flow | $6M | $4M | $17M | 82.4% | -61.4% |
| Item | Amount |
|---|---|
| REVENUE | $77M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $59M |
| R&D Expenses | $30M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $50M |
| Other Expenses | $0 |
| Operating Expenses | $79M |
| Cost & Expenses | $97M |
| OPERATING INCOME | -$20M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$22M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$23M |
| D&A | $6M |
| EBIT | -$22M |
| EBITDA | -$16M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$23M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $19M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $7M |
| Capital Expenditure | -$891.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$106M |
| Sales/Maturities of Investments | $89M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$17M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $89.0K |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | $6M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $46M |
| Short-Term Investments | $398M |
| Net Receivables | $62M |
| Inventory | $0 |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $532M |
| PP&E (Net) | $33M |
| Goodwill | $248M |
| Intangible Assets | $38M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $21M |
| TOTAL NON-CURRENT ASSETS | $339M |
| TOTAL ASSETS | $871M |
| Account Payables | $15M |
| Short-Term Debt | $7M |
| Deferred Revenue | $159M |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $210M |
| Long-Term Debt | $17M |
| Deferred Revenue NC | $17M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$14M |
| TOTAL NON-CURRENT LIABILITIES | $37M |
| TOTAL LIABILITIES | $246M |
| Common Stock | $283.0K |
| Additional Paid-In Capital | $856M |
| Retained Earnings | -$229M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $625M |
| Minority Interest | $0 |
| TOTAL EQUITY | $625M |
| TOTAL LIABILITIES & EQUITY | $871M |
| Total Debt | $41M |
| Net Debt | -$5M |
