| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $1M | $2M | 85.0% | 74.6% |
| Op. Income | -$13M | -$14M | -$24M | 4.4% | 45.2% |
| Gross Margin | 43.8% | 21.1% | 5.6% | 22.8pp | 38.3pp |
| Net Margin | -461.5% | -917.1% | -1575.7% | 455.6pp | 1114.3pp |
| EPS (Diluted) | $-0.16 | $-0.18 | $-0.34 | 11.1% | 52.9% |
| Free Cash Flow | -$14M | -$16M | -$28M | 12.6% | 50.9% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $1M |
| R&D Expenses | $5M |
| Selling & Marketing | $3M |
| General & Administrative | $6M |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $14M |
| Cost & Expenses | $16M |
| OPERATING INCOME | -$13M |
| Interest Income | $869.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $875.0K |
| INCOME BEFORE TAX | -$12M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$12M |
| D&A | $254.0K |
| EBIT | -$13M |
| EBITDA | -$13M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$12M |
| Depreciation & Amortization | $254.0K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2.0K |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$13M |
| Capital Expenditure | -$61.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$61.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $49.0K |
| FREE CASH FLOW | -$14M |
| Net Change in Cash | -$14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $104M |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $6M |
| Other Current Assets | $713.0K |
| TOTAL CURRENT ASSETS | $117M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $781.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $5M |
| TOTAL ASSETS | $122M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $8M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1M |
| TOTAL LIABILITIES | $9M |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $334M |
| Retained Earnings | -$222M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $113M |
| Minority Interest | $0 |
| TOTAL EQUITY | $113M |
| TOTAL LIABILITIES & EQUITY | $122M |
| Total Debt | $0 |
| Net Debt | -$104M |
