| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $34M | $36M | $43M | -5.4% | -21.2% |
| Op. Income | -$544.0K | $3M | $2M | -117.1% | -135.3% |
| Gross Margin | 9.2% | 14.5% | 12.5% | -5.2pp | -3.2pp |
| Net Margin | -2.0% | 5.7% | 2.4% | -7.7pp | -4.5pp |
| EPS (Diluted) | $-0.12 | $0.35 | $0.18 | -134.3% | -166.7% |
| Free Cash Flow | $3M | $7M | -$12M | -55.3% | 126.1% |
| Item | Amount |
|---|---|
| REVENUE | $34M |
| Cost of Revenue | $31M |
| GROSS PROFIT | $3M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $35M |
| OPERATING INCOME | -$544.0K |
| Interest Income | $9.0K |
| Interest Expense | $93.0K |
| Other Income/Expenses | -$340.0K |
| INCOME BEFORE TAX | -$884.0K |
| Income Tax Expense | -$189.0K |
| Net Income from Continuing Ops | -$695.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$695.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$695.0K |
| D&A | $1M |
| EBIT | -$791.0K |
| EBITDA | $357.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$695.0K |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $302.0K |
| Deferred Income Tax | $1.0K |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $4M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$73.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$73.0K |
| FREE CASH FLOW | $3M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $17M |
| Short-Term Investments | $0 |
| Net Receivables | $10M |
| Inventory | $23M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $58M |
| PP&E (Net) | $100M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $441.0K |
| Tax Assets | $161.0K |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $102M |
| TOTAL ASSETS | $160M |
| Account Payables | $8M |
| Short-Term Debt | $290.0K |
| Deferred Revenue | $405.0K |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $15M |
| Long-Term Debt | $9M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $56M |
| TOTAL LIABILITIES | $71M |
| Common Stock | $91.0K |
| Additional Paid-In Capital | $32M |
| Retained Earnings | $79M |
| Treasury Stock | -$23M |
| Accum. Other Comp. Income | $353.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $89M |
| Minority Interest | $0 |
| TOTAL EQUITY | $89M |
| TOTAL LIABILITIES & EQUITY | $160M |
| Total Debt | $56M |
| Net Debt | $40M |
