| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $40M | $37M | $32M | 8.0% | 25.6% |
| Op. Income | -$48M | -$57M | -$18M | 16.6% | -161.2% |
| Gross Margin | 41.1% | 37.5% | 40.2% | 3.7pp | 1.0pp |
| Net Margin | -110.5% | -123.7% | -91.5% | 13.2pp | -19.0pp |
| EPS (Diluted) | $-0.17 | $-0.26 | $-0.62 | 34.6% | 72.6% |
| Free Cash Flow | -$10M | -$27M | $1M | 63.4% | -891.8% |
| Item | Amount |
|---|---|
| REVENUE | $40M |
| Cost of Revenue | $24M |
| GROSS PROFIT | $16M |
| R&D Expenses | $25M |
| Selling & Marketing | $19M |
| General & Administrative | $21M |
| SG&A Expenses | $39M |
| Other Expenses | $0 |
| Operating Expenses | $64M |
| Cost & Expenses | $88M |
| OPERATING INCOME | -$48M |
| Interest Income | $112.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$44M |
| Income Tax Expense | $314.0K |
| Net Income from Continuing Ops | -$44M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$44M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$44M |
| D&A | $12M |
| EBIT | -$48M |
| EBITDA | -$36M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$44M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $20M |
| Deferred Income Tax | $28.0K |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | $9M |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$146.0K |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$411.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $484M |
| Short-Term Investments | $0 |
| Net Receivables | $25M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $527M |
| PP&E (Net) | $132M |
| Goodwill | $103M |
| Intangible Assets | $25M |
| Long-Term Investments | $6M |
| Tax Assets | -$6M |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $269M |
| TOTAL ASSETS | $796M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $61M |
| Other Current Liabilities | $41M |
| TOTAL CURRENT LIABILITIES | $129M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $12M |
| Deferred Tax Liabilities | -$12M |
| Other Non-Current Liabilities | $34M |
| TOTAL NON-CURRENT LIABILITIES | $36M |
| TOTAL LIABILITIES | $165M |
| Common Stock | $27.0K |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$822M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $631M |
| Minority Interest | $0 |
| TOTAL EQUITY | $631M |
| TOTAL LIABILITIES & EQUITY | $796M |
| Total Debt | $9M |
| Net Debt | -$475M |
