| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $32M | $28M | $28M | 15.3% | 13.7% |
| Op. Income | -$40M | -$41M | -$41M | 2.9% | 2.4% |
| Gross Margin | 16.5% | 15.6% | 11.8% | 0.9pp | 4.7pp |
| Net Margin | -129.5% | -146.9% | -146.5% | 17.4pp | 17.0pp |
| EPS (Diluted) | $-0.86 | $-0.85 | $-0.87 | -1.2% | 1.1% |
| Free Cash Flow | -$37M | -$37M | -$34M | 1.2% | -9.2% |
| Item | Amount |
|---|---|
| REVENUE | $32M |
| Cost of Revenue | $27M |
| GROSS PROFIT | $5M |
| R&D Expenses | $11M |
| Selling & Marketing | $24M |
| General & Administrative | $10M |
| SG&A Expenses | $34M |
| Other Expenses | $0 |
| Operating Expenses | $45M |
| Cost & Expenses | $72M |
| OPERATING INCOME | -$40M |
| Interest Income | $2M |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$41M |
| Income Tax Expense | $64.0K |
| Net Income from Continuing Ops | -$41M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$41M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$41M |
| D&A | $2M |
| EBIT | -$39M |
| EBITDA | -$38M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$41M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$35M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $20M |
| Purchases of Investments | -$93M |
| Sales/Maturities of Investments | $43M |
| Other Investing Activities | -$20M |
| NET CASH FROM INVESTING | -$52M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $66M |
| NET CASH FROM FINANCING | $66M |
| FREE CASH FLOW | -$37M |
| Net Change in Cash | -$21M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $73M |
| Short-Term Investments | $214M |
| Net Receivables | $28M |
| Inventory | $51M |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $374M |
| PP&E (Net) | $22M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $26M |
| TOTAL ASSETS | $400M |
| Account Payables | $603.0K |
| Short-Term Debt | $0 |
| Deferred Revenue | $9M |
| Other Current Liabilities | $20M |
| TOTAL CURRENT LIABILITIES | $52M |
| Long-Term Debt | $96M |
| Deferred Revenue NC | $151.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $113.0K |
| TOTAL NON-CURRENT LIABILITIES | $102M |
| TOTAL LIABILITIES | $154M |
| Common Stock | $48.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | -$789M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$564.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $246M |
| Minority Interest | $0 |
| TOTAL EQUITY | $246M |
| TOTAL LIABILITIES & EQUITY | $400M |
| Total Debt | $103M |
| Net Debt | $30M |
