| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | $12M | $13M | -31.6% | -37.6% |
| Op. Income | -$4M | -$14M | -$14M | 75.0% | 75.5% |
| Gross Margin | 48.1% | 55.7% | 52.7% | -7.6pp | -4.7pp |
| Net Margin | -50.0% | -135.6% | -103.8% | 85.6pp | 53.8pp |
| EPS (Diluted) | $-0.50 | $-1.98 | $-1.75 | 75.0% | 71.8% |
| Free Cash Flow | -$1M | -$7M | -$2M | 83.3% | 29.7% |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $4M |
| R&D Expenses | $2M |
| Selling & Marketing | $2M |
| General & Administrative | $2M |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $9M |
| Cost & Expenses | $13M |
| OPERATING INCOME | -$4M |
| Interest Income | $634.5K |
| Interest Expense | $0 |
| Other Income/Expenses | -$867.3K |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | -$79.3K |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $2M |
| EBIT | -$4M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $645.5K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $766.6K |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$217.1K |
| NET CASH FROM FINANCING | -$217.1K |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$64M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $57M |
| Short-Term Investments | $31M |
| Net Receivables | $0 |
| Inventory | $12.3K |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $98M |
| PP&E (Net) | $3M |
| Goodwill | $9M |
| Intangible Assets | $11M |
| Long-Term Investments | $9M |
| Tax Assets | $0 |
| Other Non-Current Assets | $35M |
| TOTAL NON-CURRENT ASSETS | $66M |
| TOTAL ASSETS | $164M |
| Account Payables | $2M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $364.9K |
| TOTAL CURRENT LIABILITIES | $45M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $48M |
| Common Stock | $26.4K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | -$1.3B |
| Treasury Stock | -$20M |
| Accum. Other Comp. Income | $13M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $111M |
| Minority Interest | $6M |
| TOTAL EQUITY | $117M |
| TOTAL LIABILITIES & EQUITY | $164M |
| Total Debt | $3M |
| Net Debt | -$54M |
