| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $43M | $44M | $42M | -1.8% | 3.7% |
| Op. Income | -$12M | -$11M | -$15M | -5.2% | 18.4% |
| Gross Margin | 63.1% | 62.6% | 63.0% | 0.4pp | 0.1pp |
| Net Margin | -29.6% | -33.5% | -40.6% | 4.0pp | 11.0pp |
| EPS (Diluted) | $-0.09 | $-0.11 | $-0.13 | 13.9% | 27.2% |
| Free Cash Flow | -$9M | -$6M | -$22M | -38.7% | 60.3% |
| Item | Amount |
|---|---|
| REVENUE | $43M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $27M |
| R&D Expenses | $14M |
| Selling & Marketing | $2M |
| General & Administrative | $22M |
| SG&A Expenses | $24M |
| Other Expenses | $945.0K |
| Operating Expenses | $39M |
| Cost & Expenses | $55M |
| OPERATING INCOME | -$12M |
| Interest Income | $351.0K |
| Interest Expense | $803.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$13M |
| D&A | $1M |
| EBIT | -$9M |
| EBITDA | -$8M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3M |
| Sales/Maturities of Investments | $9M |
| Other Investing Activities | -$380.0K |
| NET CASH FROM INVESTING | $5M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $578.0K |
| NET CASH FROM FINANCING | -$922.0K |
| FREE CASH FLOW | -$9M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $42M |
| Short-Term Investments | $34M |
| Net Receivables | $18M |
| Inventory | $0 |
| Other Current Assets | $15M |
| TOTAL CURRENT ASSETS | $113M |
| PP&E (Net) | $36M |
| Goodwill | $11M |
| Intangible Assets | $1M |
| Long-Term Investments | $1M |
| Tax Assets | $0 |
| Other Non-Current Assets | $24M |
| TOTAL NON-CURRENT ASSETS | $73M |
| TOTAL ASSETS | $186M |
| Account Payables | $8M |
| Short-Term Debt | $34M |
| Deferred Revenue | $50M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $125M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $23M |
| TOTAL LIABILITIES | $148M |
| Common Stock | $13.0K |
| Additional Paid-In Capital | $447M |
| Retained Earnings | -$404M |
| Treasury Stock | -$5M |
| Accum. Other Comp. Income | -$553.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $38M |
| Minority Interest | $0 |
| TOTAL EQUITY | $38M |
| TOTAL LIABILITIES & EQUITY | $186M |
| Total Debt | $57M |
| Net Debt | $15M |
