| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | $4M | $11M | 95.9% | -30.6% |
| Op. Income | -$26M | -$26M | -$14M | 0.6% | -84.8% |
| Gross Margin | 87.8% | 86.1% | 95.9% | 1.7pp | -8.1pp |
| Net Margin | -300.0% | -601.7% | -123.4% | 301.7pp | -176.6pp |
| EPS (Diluted) | $-0.41 | $-0.46 | $-0.47 | 10.9% | 12.8% |
| Free Cash Flow | -$28M | -$23M | -$20M | -19.3% | -39.1% |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $960.0K |
| GROSS PROFIT | $7M |
| R&D Expenses | $28M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $33M |
| Cost & Expenses | $34M |
| OPERATING INCOME | -$26M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$24M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$24M |
| D&A | $960.0K |
| EBIT | -$24M |
| EBITDA | -$23M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$24M |
| Depreciation & Amortization | $960.0K |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | -$28M |
| Capital Expenditure | -$43.0K |
| Acquisitions (Net) | -$24M |
| Purchases of Investments | -$72M |
| Sales/Maturities of Investments | $96M |
| Other Investing Activities | $24M |
| NET CASH FROM INVESTING | $24M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $366.0K |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$28M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $67M |
| Short-Term Investments | $272M |
| Net Receivables | $468.0K |
| Inventory | $0 |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $344M |
| PP&E (Net) | $9M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $12M |
| Tax Assets | $0 |
| Other Non-Current Assets | $220.0K |
| TOTAL NON-CURRENT ASSETS | $21M |
| TOTAL ASSETS | $365M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $6M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $30M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1M |
| TOTAL LIABILITIES | $31M |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $594M |
| Retained Earnings | -$259M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $334M |
| Minority Interest | $0 |
| TOTAL EQUITY | $334M |
| TOTAL LIABILITIES & EQUITY | $365M |
| Total Debt | $3M |
| Net Debt | -$64M |
