| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $14M | $7M | -82.0% | -62.4% |
| Op. Income | -$16M | -$51M | -$17M | 67.8% | 3.7% |
| Gross Margin | -27.7% | 38.2% | -0.4% | -65.9pp | -27.2pp |
| Net Margin | -676.2% | -337.6% | -243.6% | -338.7pp | -432.6pp |
| EPS (Diluted) | $-0.22 | $-0.63 | $-0.34 | 65.1% | 36.2% |
| Free Cash Flow | -$27M | -$26M | -$22M | -0.7% | -22.0% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $3M |
| GROSS PROFIT | -$697.9K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $7M |
| SG&A Expenses | $7M |
| Other Expenses | $8M |
| Operating Expenses | $16M |
| Cost & Expenses | $19M |
| OPERATING INCOME | -$16M |
| Interest Income | $0 |
| Interest Expense | $938.3K |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$18M |
| Income Tax Expense | -$532.7K |
| Net Income from Continuing Ops | -$17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$17M |
| D&A | $3M |
| EBIT | -$17M |
| EBITDA | -$14M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$17M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$532.7K |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $427.5K |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$17M |
| Net Debt Issuance | $2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $38M |
| FREE CASH FLOW | -$27M |
| Net Change in Cash | $12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $66M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $9M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $80M |
| PP&E (Net) | $385M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $20M |
| Tax Assets | $0 |
| Other Non-Current Assets | $54M |
| TOTAL NON-CURRENT ASSETS | $460M |
| TOTAL ASSETS | $540M |
| Account Payables | $8M |
| Short-Term Debt | $3M |
| Deferred Revenue | $341.0K |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $21M |
| Long-Term Debt | $8M |
| Deferred Revenue NC | $32M |
| Deferred Tax Liabilities | $12M |
| Other Non-Current Liabilities | $61M |
| TOTAL NON-CURRENT LIABILITIES | $114M |
| TOTAL LIABILITIES | $135M |
| Common Stock | $581M |
| Additional Paid-In Capital | $8M |
| Retained Earnings | -$190M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $404M |
| Minority Interest | $0 |
| TOTAL EQUITY | $404M |
| TOTAL LIABILITIES & EQUITY | $540M |
| Total Debt | $12M |
| Net Debt | -$54M |
