| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $71M | $71M | $73M | -0.1% | -2.7% |
| Op. Income | -$34M | -$22M | -$18M | -56.1% | -88.8% |
| Gross Margin | 75.8% | 76.3% | 77.0% | -0.5pp | -1.2pp |
| Net Margin | -44.2% | -38.7% | -29.9% | -5.5pp | -14.3pp |
| EPS (Diluted) | $-0.66 | $-0.58 | $-0.47 | -13.8% | -40.4% |
| Free Cash Flow | -$12M | -$33M | -$14M | 62.0% | 11.6% |
| Item | Amount |
|---|---|
| REVENUE | $71M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $54M |
| R&D Expenses | $36M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $52M |
| Other Expenses | $0 |
| Operating Expenses | $88M |
| Cost & Expenses | $105M |
| OPERATING INCOME | -$34M |
| Interest Income | $960.0K |
| Interest Expense | $3M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$31M |
| Income Tax Expense | $298.0K |
| Net Income from Continuing Ops | -$31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$31M |
| D&A | $9M |
| EBIT | -$28M |
| EBITDA | -$19M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$31M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | -$37.0K |
| Other Non-Cash Items | -$772.0K |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $55.0K |
| Purchases of Investments | -$12M |
| Sales/Maturities of Investments | $38M |
| Other Investing Activities | -$842.0K |
| NET CASH FROM INVESTING | $17M |
| Net Debt Issuance | -$147.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$30.0K |
| NET CASH FROM FINANCING | $529.0K |
| FREE CASH FLOW | -$12M |
| Net Change in Cash | $16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $120M |
| Short-Term Investments | $233M |
| Net Receivables | $36M |
| Inventory | $38M |
| Other Current Assets | $17M |
| TOTAL CURRENT ASSETS | $444M |
| PP&E (Net) | $167M |
| Goodwill | $66M |
| Intangible Assets | $308M |
| Long-Term Investments | $7M |
| Tax Assets | $72M |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $630M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $14M |
| Short-Term Debt | $430.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $36M |
| TOTAL CURRENT LIABILITIES | $72M |
| Long-Term Debt | $281M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $79M |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $472M |
| TOTAL LIABILITIES | $544M |
| Common Stock | $48.0K |
| Additional Paid-In Capital | $997M |
| Retained Earnings | -$464M |
| Treasury Stock | -$132.0K |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $530M |
| Minority Interest | $0 |
| TOTAL EQUITY | $530M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $383M |
| Net Debt | $263M |
