| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $95M | $88M | $44M | 7.7% | 114.9% |
| Op. Income | -$65M | -$68M | -$73M | 5.0% | 10.9% |
| Gross Margin | 18.9% | 34.8% | 24.4% | -15.9pp | -5.5pp |
| Net Margin | -69.1% | -72.1% | -168.8% | 2.9pp | 99.7pp |
| EPS (Diluted) | $-0.95 | $-0.92 | $-1.21 | -3.3% | 21.5% |
| Free Cash Flow | -$49M | -$31M | -$42M | -57.4% | -16.1% |
| Item | Amount |
|---|---|
| REVENUE | $95M |
| Cost of Revenue | $77M |
| GROSS PROFIT | $18M |
| R&D Expenses | $0 |
| Selling & Marketing | $28M |
| General & Administrative | $33M |
| SG&A Expenses | $61M |
| Other Expenses | $22M |
| Operating Expenses | $83M |
| Cost & Expenses | $160M |
| OPERATING INCOME | -$65M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$65M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$66M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$66M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$66M |
| D&A | $5M |
| EBIT | -$65M |
| EBITDA | -$60M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$66M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$46M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$126M |
| Sales/Maturities of Investments | $144M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $15M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $100.0K |
| NET CASH FROM FINANCING | $100.0K |
| FREE CASH FLOW | -$49M |
| Net Change in Cash | -$32M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $250M |
| Short-Term Investments | $738M |
| Net Receivables | $339M |
| Inventory | $0 |
| Other Current Assets | -$1.5B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $20M |
| Goodwill | $19M |
| Intangible Assets | $30M |
| Long-Term Investments | $738M |
| Tax Assets | $0 |
| Other Non-Current Assets | -$807M |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $1.6B |
| Account Payables | $23M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$63M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $40M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$73M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $819M |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | -$926M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$22M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $822M |
| Minority Interest | $0 |
| TOTAL EQUITY | $822M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $34M |
| Net Debt | -$217M |
