| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $41M | — | $48M | — | -13.3% |
| Op. Income | -$28M | — | -$66M | — | 57.2% |
| Gross Margin | 60.4% | — | 57.2% | — | 3.1pp |
| Net Margin | -77.0% | — | -145.9% | — | 68.9pp |
| EPS (Diluted) | $-0.32 | — | $-0.70 | — | 54.3% |
| Free Cash Flow | -$20M | — | -$77M | — | 74.3% |
| Item | Amount |
|---|---|
| REVENUE | $41M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $25M |
| R&D Expenses | $11M |
| Selling & Marketing | $5M |
| General & Administrative | $25M |
| SG&A Expenses | $31M |
| Other Expenses | $12M |
| Operating Expenses | $53M |
| Cost & Expenses | $70M |
| OPERATING INCOME | -$28M |
| Interest Income | $3M |
| Interest Expense | $4M |
| Other Income/Expenses | -$812.0K |
| INCOME BEFORE TAX | -$29M |
| Income Tax Expense | $100.0K |
| Net Income from Continuing Ops | -$29M |
| Net Income from Discontinued Ops | -$2M |
| Other Adjustments | $0 |
| NET INCOME | -$32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$32M |
| D&A | $3M |
| EBIT | -$25M |
| EBITDA | -$22M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$32M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $949.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $435.0K |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | -$19M |
| Capital Expenditure | -$811.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $39M |
| NET CASH FROM INVESTING | $38M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$373.0K |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | -$20M |
| Net Change in Cash | $15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $87M |
| Short-Term Investments | $119M |
| Net Receivables | $21M |
| Inventory | $11M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $266M |
| PP&E (Net) | $24M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $34M |
| TOTAL ASSETS | $300M |
| Account Payables | $68M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $54M |
| TOTAL CURRENT LIABILITIES | $148M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $9M |
| TOTAL LIABILITIES | $157M |
| Common Stock | $236M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$2.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $164M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $143M |
| Minority Interest | -$485.0K |
| TOTAL EQUITY | $143M |
| TOTAL LIABILITIES & EQUITY | $300M |
| Total Debt | $10M |
| Net Debt | -$77M |
