| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $24M | $175M | $19M | -86.3% | 28.2% |
| Op. Income | -$36M | $24M | -$35M | -251.4% | -2.7% |
| Gross Margin | 80.5% | 46.3% | 46.8% | 34.2pp | 33.7pp |
| Net Margin | -74.0% | 15.5% | -87.3% | -89.5pp | 13.3pp |
| EPS (Diluted) | $-0.76 | $1.11 | $-0.68 | -168.5% | -11.8% |
| Free Cash Flow | $1M | $114M | -$19M | -99.1% | 105.2% |
| Item | Amount |
|---|---|
| REVENUE | $24M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $19M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $55M |
| Other Expenses | $0 |
| Operating Expenses | $55M |
| Cost & Expenses | $60M |
| OPERATING INCOME | -$36M |
| Interest Income | $356.0K |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$39M |
| Income Tax Expense | -$20M |
| Net Income from Continuing Ops | -$19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$18M |
| D&A | $1M |
| EBIT | -$36M |
| EBITDA | -$35M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$18M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$21M |
| Other Non-Cash Items | -$421.0K |
| Change in Working Capital | $32M |
| OPERATING CASH FLOW | $1M |
| Capital Expenditure | -$271.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$271.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$11M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$11M |
| FREE CASH FLOW | $1M |
| Net Change in Cash | -$10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $81M |
| Short-Term Investments | $0 |
| Net Receivables | $67M |
| Inventory | $0 |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $220M |
| PP&E (Net) | $718M |
| Goodwill | $227M |
| Intangible Assets | $113M |
| Long-Term Investments | $0 |
| Tax Assets | $12M |
| Other Non-Current Assets | $57M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $1.3B |
| Account Payables | $35M |
| Short-Term Debt | $74M |
| Deferred Revenue | $267M |
| Other Current Liabilities | $77M |
| TOTAL CURRENT LIABILITIES | $522M |
| Long-Term Debt | $220M |
| Deferred Revenue NC | $31M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $55M |
| TOTAL NON-CURRENT LIABILITIES | $996M |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $249.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$62M |
| Treasury Stock | -$110M |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$173M |
| Minority Interest | $1M |
| TOTAL EQUITY | -$172M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $983M |
| Net Debt | $902M |
