Q1 2023 Earnings

Reported March 31, 2023

Quarter Comparison

Revenue

Operating Income

EPS (Diluted)

Free Cash Flow

Metric	Q1 2023	Q4 2022	Q1 2022	QoQ Change	YoY Change
Revenue	$0	—	—	—	—
Op. Income	-$9M	—	—	—	—
EPS (Diluted)	$-0.65	—	—	—	—
Free Cash Flow	-$5M	—	—	—	—

Income Statement

Item	Amount
REVENUE	$0
Cost of Revenue	$0
GROSS PROFIT	$0
R&D Expenses	$8M
Selling & Marketing	$0
General & Administrative	$1M
SG&A Expenses	$1M
Other Expenses	$0
Operating Expenses	$9M
Cost & Expenses	$9M
OPERATING INCOME	-$9M
Interest Income	$73.0K
Interest Expense	$0
Other Income/Expenses	$73.0K
INCOME BEFORE TAX	-$9M
Income Tax Expense	$0
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	$128.0K
EBIT	-$9M
EBITDA	-$9M
EPS	-$1
EPS Diluted	-$1

Cash Flow Statement

Item	Amount
Net Income	-$9M
Depreciation & Amortization	$128.0K
Stock-Based Compensation	$15.0K
Deferred Income Tax	$0
Other Non-Cash Items	-$1.0K
Change in Working Capital	$4M
OPERATING CASH FLOW	-$5M
Capital Expenditure	-$11.0K
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$11.0K
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$716.0K
NET CASH FROM FINANCING	$53M
FREE CASH FLOW	-$5M
Net Change in Cash	$49M