| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $242M | $217M | $194M | 11.3% | 24.5% |
| Op. Income | -$138M | -$142M | -$137M | 2.4% | -0.9% |
| Gross Margin | 38.7% | 41.4% | 46.8% | -2.7pp | -8.1pp |
| Net Margin | -56.6% | -65.6% | -71.4% | 9.0pp | 14.7pp |
| EPS (Diluted) | $-1.23 | $-1.45 | $-1.45 | 15.2% | 15.2% |
| Free Cash Flow | -$92M | -$93M | -$153M | 0.5% | 39.6% |
| Item | Amount |
|---|---|
| REVENUE | $242M |
| Cost of Revenue | $148M |
| GROSS PROFIT | $94M |
| R&D Expenses | $82M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $150M |
| Other Expenses | $370.0K |
| Operating Expenses | $232M |
| Cost & Expenses | $380M |
| OPERATING INCOME | -$138M |
| Interest Income | $5M |
| Interest Expense | $3M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$137M |
| Income Tax Expense | $160.0K |
| Net Income from Continuing Ops | -$137M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$137M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$137M |
| D&A | $9M |
| EBIT | -$134M |
| EBITDA | -$125M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$137M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $40M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $8M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$81M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $27M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $16M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$92M |
| Net Change in Cash | -$63M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $403M |
| Short-Term Investments | $409M |
| Net Receivables | $247M |
| Inventory | $41M |
| Other Current Assets | $30M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $170M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $19M |
| TOTAL NON-CURRENT ASSETS | $189M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $36M |
| Short-Term Debt | $80M |
| Deferred Revenue | $17M |
| Other Current Liabilities | $54M |
| TOTAL CURRENT LIABILITIES | $291M |
| Long-Term Debt | $282M |
| Deferred Revenue NC | $22M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $377M |
| TOTAL LIABILITIES | $668M |
| Common Stock | $11.0K |
| Additional Paid-In Capital | $2.7B |
| Retained Earnings | -$2.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$12M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $651M |
| Minority Interest | $0 |
| TOTAL EQUITY | $651M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $446M |
| Net Debt | $42M |
