| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $2M | $6M | 5.0% | -66.4% |
| Op. Income | -$23M | -$22M | -$22M | -7.7% | -6.0% |
| Gross Margin | 17.5% | 28.7% | -144.8% | -11.2pp | 162.3pp |
| Net Margin | -1228.2% | -1257.9% | -349.2% | 29.7pp | -879.0pp |
| EPS (Diluted) | $-0.10 | $-0.11 | $-0.10 | 10.1% | -2.6% |
| Free Cash Flow | -$19M | -$15M | -$20M | -20.0% | 8.9% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $324.0K |
| R&D Expenses | $12M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $12M |
| Other Expenses | $0 |
| Operating Expenses | $24M |
| Cost & Expenses | $25M |
| OPERATING INCOME | -$23M |
| Interest Income | $633.0K |
| Interest Expense | $324.0K |
| Other Income/Expenses | $689.0K |
| INCOME BEFORE TAX | -$23M |
| Income Tax Expense | -$55.0K |
| Net Income from Continuing Ops | -$23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$23M |
| D&A | $2M |
| EBIT | -$22M |
| EBITDA | -$21M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$23M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$55.0K |
| Other Non-Cash Items | $270.0K |
| Change in Working Capital | -$711.0K |
| OPERATING CASH FLOW | -$18M |
| Capital Expenditure | -$154.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$108M |
| Sales/Maturities of Investments | $58M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$50M |
| Net Debt Issuance | -$29M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $44M |
| FREE CASH FLOW | -$19M |
| Net Change in Cash | -$25M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10M |
| Short-Term Investments | $94M |
| Net Receivables | $16M |
| Inventory | $0 |
| Other Current Assets | $18M |
| TOTAL CURRENT ASSETS | $138M |
| PP&E (Net) | $14M |
| Goodwill | $37M |
| Intangible Assets | $44M |
| Long-Term Investments | $7M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $104M |
| TOTAL ASSETS | $242M |
| Account Payables | $4M |
| Short-Term Debt | $14M |
| Deferred Revenue | $15.0K |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $47M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $11M |
| TOTAL LIABILITIES | $57M |
| Common Stock | $0 |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | -$1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $184M |
| Minority Interest | $0 |
| TOTAL EQUITY | $184M |
| TOTAL LIABILITIES & EQUITY | $242M |
| Total Debt | $22M |
| Net Debt | $12M |
