| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $3M | $3M | -8.3% | -12.4% |
| Op. Income | -$909.0K | -$801.7K | -$713.2K | -13.4% | -27.5% |
| Gross Margin | 68.7% | 73.7% | 77.7% | -5.0pp | -9.0pp |
| Net Margin | -28.8% | -17.7% | -25.2% | -11.1pp | -3.5pp |
| EPS (Diluted) | $-0.08 | $-0.05 | $-0.08 | -56.6% | -6.4% |
| Free Cash Flow | -$803.0K | -$333.0K | -$1M | -141.1% | 34.9% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $802.5K |
| GROSS PROFIT | $2M |
| R&D Expenses | $1M |
| Selling & Marketing | $254.9K |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $3M |
| OPERATING INCOME | -$909.0K |
| Interest Income | $121.2K |
| Interest Expense | $0 |
| Other Income/Expenses | $121.2K |
| INCOME BEFORE TAX | -$787.9K |
| Income Tax Expense | -$49.6K |
| Net Income from Continuing Ops | -$738.3K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$738.3K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$738.3K |
| D&A | $226.0K |
| EBIT | -$909.0K |
| EBITDA | -$683.1K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$738.3K |
| Depreciation & Amortization | $226.0K |
| Stock-Based Compensation | $55.1K |
| Deferred Income Tax | -$49.6K |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$296.2K |
| OPERATING CASH FLOW | -$803.0K |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$7.2K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$7.2K |
| FREE CASH FLOW | -$803.0K |
| Net Change in Cash | -$810.2K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14M |
| Short-Term Investments | $0 |
| Net Receivables | $107.1K |
| Inventory | $0 |
| Other Current Assets | $422.7K |
| TOTAL CURRENT ASSETS | $14M |
| PP&E (Net) | $138.8K |
| Goodwill | $6M |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $13.9K |
| TOTAL NON-CURRENT ASSETS | $10M |
| TOTAL ASSETS | $24M |
| Account Payables | $802.4K |
| Short-Term Debt | $0 |
| Deferred Revenue | $2M |
| Other Current Liabilities | $85.0K |
| TOTAL CURRENT LIABILITIES | $3M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $661.9K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $718.0K |
| TOTAL LIABILITIES | $4M |
| Common Stock | $9.9K |
| Additional Paid-In Capital | $36M |
| Retained Earnings | -$15M |
| Treasury Stock | -$1M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $20M |
| Minority Interest | $0 |
| TOTAL EQUITY | $20M |
| TOTAL LIABILITIES & EQUITY | $24M |
| Total Debt | $138.8K |
| Net Debt | -$14M |
