| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $36M | $28M | $41M | 31.5% | -12.1% |
| Op. Income | -$124M | -$129M | -$155M | 3.9% | 20.4% |
| Gross Margin | 2.0% | -2.1% | -96.8% | 4.1pp | 98.8pp |
| Net Margin | -308.5% | -491.7% | -99.4% | 183.2pp | -209.1pp |
| EPS (Diluted) | $-0.68 | $-0.85 | $-0.27 | 20.0% | -151.9% |
| Free Cash Flow | -$143M | -$57M | -$91M | -150.6% | -58.0% |
| Item | Amount |
|---|---|
| REVENUE | $36M |
| Cost of Revenue | $36M |
| GROSS PROFIT | $723.0K |
| R&D Expenses | $85M |
| Selling & Marketing | $18M |
| General & Administrative | $22M |
| SG&A Expenses | $40M |
| Other Expenses | -$710.0K |
| Operating Expenses | $124M |
| Cost & Expenses | $160M |
| OPERATING INCOME | -$124M |
| Interest Income | $7M |
| Interest Expense | $5M |
| Other Income/Expenses | $12M |
| INCOME BEFORE TAX | -$112M |
| Income Tax Expense | $128.0K |
| Net Income from Continuing Ops | -$112M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$112M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$112M |
| D&A | $5M |
| EBIT | -$107M |
| EBITDA | -$102M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$112M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$8M |
| Change in Working Capital | -$32M |
| OPERATING CASH FLOW | -$139M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4M |
| Sales/Maturities of Investments | $51M |
| Other Investing Activities | -$26M |
| NET CASH FROM INVESTING | $16M |
| Net Debt Issuance | -$814.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $370.0K |
| NET CASH FROM FINANCING | -$444.0K |
| FREE CASH FLOW | -$143M |
| Net Change in Cash | -$126M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $660M |
| Short-Term Investments | $190M |
| Net Receivables | $52M |
| Inventory | $12M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $915M |
| PP&E (Net) | $193M |
| Goodwill | $0 |
| Intangible Assets | $96M |
| Long-Term Investments | $4M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $294M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $30M |
| Short-Term Debt | $0 |
| Deferred Revenue | $457.0K |
| Other Current Liabilities | $47M |
| TOTAL CURRENT LIABILITIES | $238M |
| Long-Term Debt | $266M |
| Deferred Revenue NC | $8M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $224.0K |
| TOTAL NON-CURRENT LIABILITIES | $318M |
| TOTAL LIABILITIES | $556M |
| Common Stock | $33.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $653M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $653M |
| Minority Interest | $0 |
| TOTAL EQUITY | $653M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $315M |
| Net Debt | -$345M |
