| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $59M | $73M | $51M | -18.8% | 14.7% |
| Op. Income | $7M | $6M | -$1M | 15.5% | 784.9% |
| Gross Margin | 41.9% | 38.2% | 31.9% | 3.7pp | 10.0pp |
| Net Margin | 9.5% | -8.3% | -4.9% | 17.8pp | 14.4pp |
| EPS (Diluted) | $0.10 | $-0.11 | $-0.04 | 189.5% | 319.9% |
| Free Cash Flow | $3M | $13M | -$10M | -75.3% | 133.1% |
| Item | Amount |
|---|---|
| REVENUE | $59M |
| Cost of Revenue | $34M |
| GROSS PROFIT | $25M |
| R&D Expenses | $10M |
| Selling & Marketing | $6M |
| General & Administrative | $4M |
| SG&A Expenses | $10M |
| Other Expenses | -$2M |
| Operating Expenses | $18M |
| Cost & Expenses | $52M |
| OPERATING INCOME | $7M |
| Interest Income | $0 |
| Interest Expense | $149.0K |
| Other Income/Expenses | -$149.0K |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $3M |
| EBIT | $7M |
| EBITDA | $10M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $59M |
| Cost of Revenue | $34M |
| GROSS PROFIT | $25M |
| R&D Expenses | $10M |
| Selling & Marketing | $6M |
| General & Administrative | $4M |
| SG&A Expenses | $10M |
| Other Expenses | -$2M |
| Operating Expenses | $18M |
| Cost & Expenses | $52M |
| OPERATING INCOME | $7M |
| Interest Income | $0 |
| Interest Expense | $149.0K |
| Other Income/Expenses | -$149.0K |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $3M |
| EBIT | $7M |
| EBITDA | $10M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $6M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $602.0K |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $297.0K |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $6M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $3M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $89M |
| Short-Term Investments | $0 |
| Net Receivables | $65M |
| Inventory | $40M |
| Other Current Assets | $23M |
| TOTAL CURRENT ASSETS | $217M |
| PP&E (Net) | $79M |
| Goodwill | $43M |
| Intangible Assets | $254.0K |
| Long-Term Investments | $10M |
| Tax Assets | $17M |
| Other Non-Current Assets | $17M |
| TOTAL NON-CURRENT ASSETS | $168M |
| TOTAL ASSETS | $385M |
| Account Payables | $23M |
| Short-Term Debt | $0 |
| Deferred Revenue | $27M |
| Other Current Liabilities | $28M |
| TOTAL CURRENT LIABILITIES | $126M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $337.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $9M |
| TOTAL LIABILITIES | $135M |
| Common Stock | $3M |
| Additional Paid-In Capital | $933M |
| Retained Earnings | -$678M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $250M |
| Minority Interest | $0 |
| TOTAL EQUITY | $250M |
| TOTAL LIABILITIES & EQUITY | $385M |
| Total Debt | $4M |
| Net Debt | -$86M |
