| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $25M | $27M | $27M | -7.0% | -5.2% |
| Op. Income | -$17M | -$21M | -$28M | 21.4% | 39.7% |
| Gross Margin | 48.9% | 41.3% | 46.2% | 7.6pp | 2.7pp |
| Net Margin | -67.1% | -77.1% | -287.8% | 10.1pp | 220.8pp |
| EPS (Diluted) | $-0.21 | $-0.26 | $-0.99 | 19.2% | 78.8% |
| Free Cash Flow | -$9M | -$20M | -$16M | 52.4% | 42.3% |
| Item | Amount |
|---|---|
| REVENUE | $25M |
| Cost of Revenue | $13M |
| GROSS PROFIT | $12M |
| R&D Expenses | $6M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $21M |
| Other Expenses | $1M |
| Operating Expenses | $29M |
| Cost & Expenses | $42M |
| OPERATING INCOME | -$17M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | $13.0K |
| INCOME BEFORE TAX | -$17M |
| Income Tax Expense | $263.0K |
| Net Income from Continuing Ops | -$17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$17M |
| D&A | $4M |
| EBIT | -$15M |
| EBITDA | -$12M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$17M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $240.0K |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | -$44M |
| Purchases of Investments | -$7M |
| Sales/Maturities of Investments | $51M |
| Other Investing Activities | $44M |
| NET CASH FROM INVESTING | $43M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$92.0K |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | -$9M |
| Net Change in Cash | $32M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $114M |
| Short-Term Investments | $41M |
| Net Receivables | $15M |
| Inventory | $23M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $195M |
| PP&E (Net) | $58M |
| Goodwill | $106M |
| Intangible Assets | $10M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $177M |
| TOTAL ASSETS | $372M |
| Account Payables | $6M |
| Short-Term Debt | $3M |
| Deferred Revenue | $15M |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $44M |
| Long-Term Debt | $62M |
| Deferred Revenue NC | $17M |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $312M |
| TOTAL NON-CURRENT LIABILITIES | $425M |
| TOTAL LIABILITIES | $469M |
| Common Stock | $80.0K |
| Additional Paid-In Capital | $850M |
| Retained Earnings | -$943M |
| Treasury Stock | -$3M |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$97M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$97M |
| TOTAL LIABILITIES & EQUITY | $372M |
| Total Debt | $102M |
| Net Debt | -$12M |
