| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $3M | $5M | 0.8% | -51.9% |
| Op. Income | -$7M | -$8M | -$13M | 15.4% | 48.5% |
| Gross Margin | 66.5% | 61.2% | 45.9% | 5.3pp | 20.6pp |
| Net Margin | -330.2% | -362.8% | -278.5% | 32.6pp | -51.6pp |
| EPS (Diluted) | $-1.78 | $-2.02 | $-4.24 | 11.9% | 58.0% |
| Free Cash Flow | -$5M | -$2M | -$11M | -211.5% | 53.7% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $847.0K |
| GROSS PROFIT | $2M |
| R&D Expenses | $2M |
| Selling & Marketing | $990.0K |
| General & Administrative | $6M |
| SG&A Expenses | $7M |
| Other Expenses | $0 |
| Operating Expenses | $8M |
| Cost & Expenses | $9M |
| OPERATING INCOME | -$7M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | $20.0K |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $1M |
| EBIT | -$7M |
| EBITDA | -$6M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $651.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $396.0K |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$25.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$25.0K |
| Net Debt Issuance | $8M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$611.0K |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7M |
| Short-Term Investments | $0 |
| Net Receivables | $931.0K |
| Inventory | $5M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $15M |
| PP&E (Net) | $2M |
| Goodwill | $6M |
| Intangible Assets | $820.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $381.0K |
| TOTAL NON-CURRENT ASSETS | $9M |
| TOTAL ASSETS | $25M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $309.0K |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $8M |
| Long-Term Debt | $10M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $10M |
| TOTAL LIABILITIES | $18M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $458M |
| Retained Earnings | -$451M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7M |
| Minority Interest | $0 |
| TOTAL EQUITY | $7M |
| TOTAL LIABILITIES & EQUITY | $25M |
| Total Debt | $10M |
| Net Debt | $3M |
