| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $61M | $89M | $84M | -31.9% | -27.5% |
| Op. Income | -$10M | -$6M | -$5M | -55.6% | -103.1% |
| Gross Margin | 21.7% | 22.5% | 19.1% | -0.8pp | 2.6pp |
| Net Margin | -14.5% | -6.1% | -5.1% | -8.4pp | -9.3pp |
| EPS (Diluted) | $-0.11 | $-0.07 | $-0.06 | -60.4% | -102.6% |
| Free Cash Flow | $0 | $0 | — | — | — |
| Item | Amount |
|---|---|
| REVENUE | $61M |
| Cost of Revenue | $48M |
| GROSS PROFIT | $13M |
| R&D Expenses | $5M |
| Selling & Marketing | $11M |
| General & Administrative | $7M |
| SG&A Expenses | $18M |
| Other Expenses | -$43.7K |
| Operating Expenses | $23M |
| Cost & Expenses | $71M |
| OPERATING INCOME | -$10M |
| Interest Income | $1M |
| Interest Expense | $9.7K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | $262.3K |
| Net Income from Continuing Ops | -$9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | $0 |
| EBIT | -$9M |
| EBITDA | -$9M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $9M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | -$40M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $65M |
| Short-Term Investments | $61M |
| Net Receivables | $32M |
| Inventory | $63M |
| Other Current Assets | $29M |
| TOTAL CURRENT ASSETS | $250M |
| PP&E (Net) | $67M |
| Goodwill | $0 |
| Intangible Assets | $219.0K |
| Long-Term Investments | $0 |
| Tax Assets | $917.1K |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $70M |
| TOTAL ASSETS | $320M |
| Account Payables | $62M |
| Short-Term Debt | $38M |
| Deferred Revenue | $10M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $132M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $375.7K |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $136M |
| Common Stock | $14.6K |
| Additional Paid-In Capital | $282M |
| Retained Earnings | -$95M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $184M |
| Minority Interest | $0 |
| TOTAL EQUITY | $184M |
| TOTAL LIABILITIES & EQUITY | $320M |
| Total Debt | $39M |
| Net Debt | -$26M |
