| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $48M | $48M | $13M | -0.4% | 272.8% |
| Op. Income | $19M | -$17M | -$10M | 209.6% | 280.0% |
| Gross Margin | 3.9% | -3.2% | -3.7% | 7.1pp | 7.6pp |
| Net Margin | 44.5% | -39.5% | -83.3% | 83.9pp | 127.7pp |
| EPS (Diluted) | $-0.12 | $-1.52 | $-0.87 | 92.1% | 86.2% |
| Free Cash Flow | $983.0K | $2M | -$8M | -57.0% | 111.6% |
| Item | Amount |
|---|---|
| REVENUE | $48M |
| Cost of Revenue | $46M |
| GROSS PROFIT | $2M |
| R&D Expenses | $614.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $6M |
| Other Expenses | -$24M |
| Operating Expenses | -$17M |
| Cost & Expenses | $29M |
| OPERATING INCOME | $19M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $21M |
| Income Tax Expense | $9.0K |
| Net Income from Continuing Ops | $21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $21M |
| Net Income Deductions | $25M |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $176.0K |
| EBIT | $23M |
| EBITDA | $23M |
| EPS | $1 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| REVENUE | $48M |
| Cost of Revenue | $46M |
| GROSS PROFIT | $2M |
| R&D Expenses | $614.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $6M |
| Other Expenses | -$24M |
| Operating Expenses | -$17M |
| Cost & Expenses | $29M |
| OPERATING INCOME | $19M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $21M |
| Income Tax Expense | $9.0K |
| Net Income from Continuing Ops | $21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $21M |
| Net Income Deductions | $25M |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $176.0K |
| EBIT | $23M |
| EBITDA | $23M |
| EPS | $1 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | $21M |
| Depreciation & Amortization | $176.0K |
| Stock-Based Compensation | -$1M |
| Deferred Income Tax | -$6.0K |
| Other Non-Cash Items | -$27M |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | $1M |
| Capital Expenditure | -$157.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$157.0K |
| Net Debt Issuance | -$21.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$817.0K |
| NET CASH FROM FINANCING | -$818.0K |
| FREE CASH FLOW | $983.0K |
| Net Change in Cash | $144.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $12M |
| Short-Term Investments | $0 |
| Net Receivables | $49M |
| Inventory | $16M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $82M |
| PP&E (Net) | $10M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $410.0K |
| Other Non-Current Assets | $71M |
| TOTAL NON-CURRENT ASSETS | $82M |
| TOTAL ASSETS | $163M |
| Account Payables | $42M |
| Short-Term Debt | $44M |
| Deferred Revenue | $502.0K |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $99M |
| Long-Term Debt | $194.0K |
| Deferred Revenue NC | $35.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $7M |
| TOTAL LIABILITIES | $106M |
| Common Stock | $9.0K |
| Additional Paid-In Capital | $422M |
| Retained Earnings | -$330M |
| Treasury Stock | -$34M |
| Accum. Other Comp. Income | $160.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $57M |
| Minority Interest | $0 |
| TOTAL EQUITY | $57M |
| TOTAL LIABILITIES & EQUITY | $163M |
| Total Debt | $54M |
| Net Debt | $42M |
