| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $143M | $89M | $33M | 61.1% | 334.7% |
| Op. Income | $4M | $3M | -$20M | 27.2% | 121.9% |
| Gross Margin | 69.6% | 80.7% | 92.7% | -11.0pp | -23.0pp |
| Net Margin | -7.1% | -4.6% | -73.9% | -2.5pp | 66.9pp |
| EPS (Diluted) | $-0.09 | $-0.04 | $-0.22 | -145.8% | 58.3% |
| Free Cash Flow | -$8M | -$5M | -$32M | -73.0% | 73.9% |
| Item | Amount |
|---|---|
| REVENUE | $143M |
| Cost of Revenue | $43M |
| GROSS PROFIT | $99M |
| R&D Expenses | $0 |
| Selling & Marketing | $25M |
| General & Administrative | $32M |
| SG&A Expenses | $57M |
| Other Expenses | $38M |
| Operating Expenses | $95M |
| Cost & Expenses | $138M |
| OPERATING INCOME | $4M |
| Interest Income | $2M |
| Interest Expense | $16M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | -$114.0K |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $7M |
| EBIT | $6M |
| EBITDA | $13M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $14M |
| Change in Working Capital | -$28M |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $50M |
| NET CASH FROM INVESTING | $50M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$797.0K |
| NET CASH FROM FINANCING | -$797.0K |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | $41M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $254M |
| Short-Term Investments | $209M |
| Net Receivables | $51M |
| Inventory | $66.0K |
| Other Current Assets | $93M |
| TOTAL CURRENT ASSETS | $607M |
| PP&E (Net) | $19M |
| Goodwill | $0 |
| Intangible Assets | $658M |
| Long-Term Investments | $10M |
| Tax Assets | $21M |
| Other Non-Current Assets | $123.0K |
| TOTAL NON-CURRENT ASSETS | $708M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $74M |
| Short-Term Debt | $3M |
| Deferred Revenue | $56M |
| Other Current Liabilities | $72M |
| TOTAL CURRENT LIABILITIES | $205M |
| Long-Term Debt | $204M |
| Deferred Revenue NC | $45.0K |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $16M |
| TOTAL NON-CURRENT LIABILITIES | $236M |
| TOTAL LIABILITIES | $440M |
| Common Stock | $53.0K |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $44M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $868M |
| Minority Interest | $6M |
| TOTAL EQUITY | $874M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $220M |
| Net Debt | -$34M |
