| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $181M | $249M | $211M | -27.4% | -14.1% |
| Op. Income | -$12M | -$12M | -$59M | 1.7% | 79.5% |
| Gross Margin | 33.4% | 24.8% | 28.0% | 8.6pp | 5.4pp |
| Net Margin | -5.4% | -2.4% | -27.2% | -2.9pp | 21.8pp |
| EPS (Diluted) | $-0.33 | $-0.21 | $-1.95 | -57.1% | 83.1% |
| Free Cash Flow | $8M | -$7M | $337.0K | 225.9% | 2348.7% |
| Item | Amount |
|---|---|
| REVENUE | $181M |
| Cost of Revenue | $121M |
| GROSS PROFIT | $60M |
| R&D Expenses | $22M |
| Selling & Marketing | $34M |
| General & Administrative | $16M |
| SG&A Expenses | $50M |
| Other Expenses | $108.0K |
| Operating Expenses | $72M |
| Cost & Expenses | $193M |
| OPERATING INCOME | -$12M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | -$857.0K |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $2M |
| EBIT | -$12M |
| EBITDA | -$10M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | $511.0K |
| Change in Working Capital | $16M |
| OPERATING CASH FLOW | $9M |
| Capital Expenditure | -$870.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$39M |
| Sales/Maturities of Investments | $25M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$120.0K |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | $8M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $143M |
| Short-Term Investments | $96M |
| Net Receivables | $193M |
| Inventory | $337M |
| Other Current Assets | $30M |
| TOTAL CURRENT ASSETS | $799M |
| PP&E (Net) | $48M |
| Goodwill | $36M |
| Intangible Assets | $1M |
| Long-Term Investments | $8M |
| Tax Assets | $90M |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $189M |
| TOTAL ASSETS | $988M |
| Account Payables | $80M |
| Short-Term Debt | $0 |
| Deferred Revenue | $22M |
| Other Current Liabilities | $178M |
| TOTAL CURRENT LIABILITIES | $318M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $4M |
| Deferred Tax Liabilities | -$4M |
| Other Non-Current Liabilities | $19M |
| TOTAL NON-CURRENT LIABILITIES | $52M |
| TOTAL LIABILITIES | $370M |
| Common Stock | $29.0K |
| Additional Paid-In Capital | $953M |
| Retained Earnings | -$335M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $53.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $619M |
| Minority Interest | $0 |
| TOTAL EQUITY | $619M |
| TOTAL LIABILITIES & EQUITY | $988M |
| Total Debt | $45M |
| Net Debt | -$98M |
