| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $57M | $61M | $104M | -6.5% | -45.2% |
| Op. Income | -$22M | -$10M | $13M | -115.7% | -269.4% |
| Gross Margin | 21.2% | 26.4% | 37.5% | -5.2pp | -16.2pp |
| Net Margin | -37.7% | 4.9% | 9.2% | -42.5pp | -46.8pp |
| EPS (Diluted) | $-0.49 | $0.07 | $0.20 | -800.0% | -345.0% |
| Free Cash Flow | $8M | -$57M | $12M | 113.5% | -35.1% |
| Item | Amount |
|---|---|
| REVENUE | $57M |
| Cost of Revenue | $45M |
| GROSS PROFIT | $12M |
| R&D Expenses | $13M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $12M |
| Other Expenses | $8M |
| Operating Expenses | $34M |
| Cost & Expenses | $79M |
| OPERATING INCOME | -$22M |
| Interest Income | $3M |
| Interest Expense | $256.0K |
| Other Income/Expenses | -$879.0K |
| INCOME BEFORE TAX | -$23M |
| Income Tax Expense | -$1M |
| 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 | $4M |
| EBIT | -$22M |
| EBITDA | -$18M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$21M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $13M |
| Other Non-Cash Items | -$634.0K |
| Change in Working Capital | $12M |
| OPERATING CASH FLOW | $8M |
| Capital Expenditure | -$209.0K |
| Acquisitions (Net) | -$74.0K |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$150.0K |
| Common Stock Repurchased | -$12M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $9.0K |
| NET CASH FROM FINANCING | -$12M |
| FREE CASH FLOW | $8M |
| Net Change in Cash | -$13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $212M |
| Short-Term Investments | $0 |
| Net Receivables | $37M |
| Inventory | $36M |
| Other Current Assets | $18M |
| TOTAL CURRENT ASSETS | $315M |
| PP&E (Net) | $110M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $37M |
| Other Non-Current Assets | $24M |
| TOTAL NON-CURRENT ASSETS | $173M |
| TOTAL ASSETS | $488M |
| Account Payables | $20M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $53M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $37M |
| TOTAL NON-CURRENT LIABILITIES | $41M |
| TOTAL LIABILITIES | $94M |
| Common Stock | $564.0K |
| Additional Paid-In Capital | $267M |
| Retained Earnings | $314M |
| Treasury Stock | -$173M |
| Accum. Other Comp. Income | -$15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $393M |
| Minority Interest | $0 |
| TOTAL EQUITY | $393M |
| TOTAL LIABILITIES & EQUITY | $488M |
| Total Debt | $6M |
| Net Debt | -$206M |
