| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $866.6K | $641.2K | 18.4% | 60.0% |
| Op. Income | -$816.5K | -$1M | -$481.7K | 33.8% | -69.5% |
| Gross Margin | -89.1% | -37.7% | -60.1% | -51.3pp | -29.0pp |
| Net Margin | -81.0% | -153.1% | -76.5% | 72.2pp | -4.5pp |
| EPS (Diluted) | $-0.81 | $-1.16 | $-0.50 | 30.7% | -61.4% |
| Free Cash Flow | -$675.8K | -$1M | -$483.6K | 42.2% | -39.7% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $2M |
| GROSS PROFIT | -$913.8K |
| R&D Expenses | $370.0K |
| Selling & Marketing | $28.0K |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $2M |
| OPERATING INCOME | -$816.5K |
| Interest Income | $0 |
| Interest Expense | $14.2K |
| Other Income/Expenses | -$14.2K |
| INCOME BEFORE TAX | -$830.7K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$830.7K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$830.7K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$830.7K |
| D&A | $119.3K |
| EBIT | -$816.5K |
| EBITDA | -$697.1K |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$830.7K |
| Depreciation & Amortization | $176.7K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $830.7K |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | -$675.0K |
| Capital Expenditure | -$775 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$414.6K |
| NET CASH FROM INVESTING | -$415.4K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6.2K |
| NET CASH FROM FINANCING | -$6.2K |
| FREE CASH FLOW | -$675.8K |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | -$3M |
| Short-Term Investments | $6M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3M |
| PP&E (Net) | $506.0K |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | -$6M |
| TOTAL NON-CURRENT ASSETS | -$3M |
| TOTAL ASSETS | $4M |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $3M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $3M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4M |
| Minority Interest | $0 |
| TOTAL EQUITY | $4M |
| TOTAL LIABILITIES & EQUITY | $4M |
| Total Debt | $0 |
| Net Debt | $3M |
