| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $127M | $143M | $136M | -11.3% | -6.8% |
| Op. Income | -$2M | $3M | -$932.1K | -154.6% | -68.2% |
| Gross Margin | 3.8% | 8.1% | 5.0% | -4.3pp | -1.2pp |
| Net Margin | -0.6% | 0.6% | -1.3% | -1.2pp | 0.8pp |
| EPS (Diluted) | $-0.01 | $0.01 | $-0.04 | -195.0% | 68.3% |
| Free Cash Flow | -$2M | $6M | -$386.8K | -131.4% | -346.3% |
| Item | Amount |
|---|---|
| REVENUE | $127M |
| Cost of Revenue | $122M |
| GROSS PROFIT | $5M |
| R&D Expenses | $485.5K |
| Selling & Marketing | $0 |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | $0 |
| Operating Expenses | $5M |
| Cost & Expenses | $127M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $976.7K |
| INCOME BEFORE TAX | -$590.7K |
| Income Tax Expense | -$175.0K |
| Net Income from Continuing Ops | -$415.7K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$704.9K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$704.9K |
| D&A | $953.8K |
| EBIT | -$2M |
| EBITDA | -$613.6K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$704.9K |
| Depreciation & Amortization | $953.8K |
| Stock-Based Compensation | $281.5K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $198.5K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$92.2K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $492.6K |
| NET CASH FROM INVESTING | $400.4K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $17M |
| Short-Term Investments | $9M |
| Net Receivables | $72M |
| Inventory | $0 |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $107M |
| PP&E (Net) | $2M |
| Goodwill | $10M |
| Intangible Assets | $15M |
| Long-Term Investments | $884.7K |
| Tax Assets | $0 |
| Other Non-Current Assets | $23M |
| TOTAL NON-CURRENT ASSETS | $51M |
| TOTAL ASSETS | $159M |
| Account Payables | $46M |
| Short-Term Debt | $14M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $75M |
| Long-Term Debt | $231.3K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $10M |
| TOTAL LIABILITIES | $86M |
| Common Stock | $6.3K |
| Additional Paid-In Capital | $276M |
| Retained Earnings | -$203M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$160.6K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $73M |
| Minority Interest | $54.5K |
| TOTAL EQUITY | $73M |
| TOTAL LIABILITIES & EQUITY | $159M |
| Total Debt | $15M |
| Net Debt | -$2M |
