| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | $9M | $10M | -15.8% | -25.4% |
| Op. Income | -$25M | -$28M | -$16M | 11.6% | -58.7% |
| Gross Margin | 16.3% | 24.7% | 0.5% | -8.4pp | 15.8pp |
| Net Margin | -272.4% | -236.0% | -153.6% | -36.5pp | -118.8pp |
| EPS (Diluted) | $-0.10 | $-0.13 | $-0.10 | 23.1% | -0.8% |
| Free Cash Flow | -$29M | -$31M | -$22M | 4.7% | -35.7% |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $1M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $26M |
| Other Expenses | $0 |
| Operating Expenses | $26M |
| Cost & Expenses | $33M |
| OPERATING INCOME | -$25M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$21M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$21M |
| D&A | $667.0K |
| EBIT | -$25M |
| EBITDA | -$24M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$21M |
| Depreciation & Amortization | $667.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$25M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$29M |
| Net Change in Cash | -$29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $236M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $31M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $273M |
| PP&E (Net) | $36M |
| Goodwill | $8M |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $53M |
| TOTAL ASSETS | $326M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $29M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $15.0K |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $9M |
| TOTAL LIABILITIES | $38M |
| Common Stock | $20.0K |
| Additional Paid-In Capital | $331M |
| Retained Earnings | -$44M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $287M |
| Minority Interest | $0 |
| TOTAL EQUITY | $287M |
| TOTAL LIABILITIES & EQUITY | $326M |
| Total Debt | $3M |
| Net Debt | -$233M |
