| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $137M | $139M | $117M | -1.1% | 17.1% |
| Op. Income | -$35M | -$26M | -$52M | -32.9% | 32.6% |
| Gross Margin | 39.9% | 41.0% | 32.6% | -1.0pp | 7.3pp |
| Net Margin | -22.4% | -16.4% | -42.2% | -6.1pp | 19.7pp |
| EPS (Diluted) | $-1.25 | $-0.90 | $-2.00 | -38.9% | 37.5% |
| Free Cash Flow | -$23M | -$8M | -$37M | -175.2% | 39.3% |
| Item | Amount |
|---|---|
| REVENUE | $137M |
| Cost of Revenue | $82M |
| GROSS PROFIT | $55M |
| R&D Expenses | $7M |
| Selling & Marketing | $16M |
| General & Administrative | $62M |
| SG&A Expenses | $78M |
| Other Expenses | $5M |
| Operating Expenses | $90M |
| Cost & Expenses | $172M |
| OPERATING INCOME | -$35M |
| Interest Income | $3M |
| Interest Expense | $2M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$34M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | -$31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$31M |
| D&A | $18M |
| EBIT | -$32M |
| EBITDA | -$14M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$31M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | -$13M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$7M |
| Sales/Maturities of Investments | $40M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $24M |
| Net Debt Issuance | -$32.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$23M |
| Net Change in Cash | $12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $276M |
| Short-Term Investments | $142M |
| Net Receivables | $119M |
| Inventory | $24M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $585M |
| PP&E (Net) | $197M |
| Goodwill | $523M |
| Intangible Assets | $399M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $1.7B |
| Account Payables | $23M |
| Short-Term Debt | $0 |
| Deferred Revenue | $6M |
| Other Current Liabilities | $33M |
| TOTAL CURRENT LIABILITIES | $87M |
| Long-Term Debt | $536M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $32M |
| Other Non-Current Liabilities | $13M |
| TOTAL NON-CURRENT LIABILITIES | $648M |
| TOTAL LIABILITIES | $735M |
| Common Stock | $127.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$190M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $974M |
| Minority Interest | $0 |
| TOTAL EQUITY | $974M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $610M |
| Net Debt | $335M |
