| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $41M | $36M | $12M | 12.7% | 238.8% |
| Op. Income | -$6M | -$13M | -$21M | 53.1% | 71.8% |
| Gross Margin | 60.1% | 55.3% | 8.3% | 4.8pp | 51.8pp |
| Net Margin | -24.1% | -49.8% | -216.8% | 25.7pp | 192.7pp |
| EPS (Diluted) | $-0.06 | $-0.09 | $-0.12 | 31.2% | 49.4% |
| Free Cash Flow | -$7M | -$7M | -$23M | 4.2% | 69.3% |
| Item | Amount |
|---|---|
| REVENUE | $41M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $24M |
| R&D Expenses | $6M |
| Selling & Marketing | $13M |
| General & Administrative | $11M |
| SG&A Expenses | $24M |
| Other Expenses | $954.0K |
| Operating Expenses | $30M |
| Cost & Expenses | $47M |
| OPERATING INCOME | -$6M |
| Interest Income | $1M |
| Interest Expense | $5M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $0 |
| 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 | $1M |
| EBIT | -$5M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $1M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $22M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $14M |
| Net Debt Issuance | -$72.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $28.0K |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | $16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $86M |
| Short-Term Investments | $80M |
| Net Receivables | $20M |
| Inventory | $22M |
| Other Current Assets | $15M |
| TOTAL CURRENT ASSETS | $223M |
| PP&E (Net) | $55M |
| Goodwill | $2M |
| Intangible Assets | $1M |
| Long-Term Investments | $492.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $16M |
| TOTAL NON-CURRENT ASSETS | $75M |
| TOTAL ASSETS | $298M |
| Account Payables | $14M |
| Short-Term Debt | $12M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $26M |
| TOTAL CURRENT LIABILITIES | $82M |
| Long-Term Debt | $262M |
| Deferred Revenue NC | $46M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $159M |
| TOTAL NON-CURRENT LIABILITIES | $472M |
| TOTAL LIABILITIES | $554M |
| Common Stock | $3M |
| Additional Paid-In Capital | $3.0B |
| Retained Earnings | -$3.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$255M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$255M |
| TOTAL LIABILITIES & EQUITY | $298M |
| Total Debt | $279M |
| Net Debt | $193M |
