| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $95M | $95M | $92M | -0.1% | 3.0% |
| Op. Income | -$6M | -$7M | $2M | 22.2% | -343.9% |
| Gross Margin | 38.0% | 36.9% | 42.1% | 1.1pp | -4.1pp |
| Net Margin | -8.2% | -11.6% | -18.9% | 3.4pp | 10.7pp |
| EPS (Diluted) | $-2.60 | $-3.80 | $-7.00 | 31.6% | 62.9% |
| Free Cash Flow | -$9M | -$13M | $17M | 27.7% | -154.5% |
| Item | Amount |
|---|---|
| REVENUE | $95M |
| Cost of Revenue | $59M |
| GROSS PROFIT | $36M |
| R&D Expenses | $14M |
| Selling & Marketing | $17M |
| General & Administrative | $11M |
| SG&A Expenses | $28M |
| Other Expenses | $0 |
| Operating Expenses | $42M |
| Cost & Expenses | $101M |
| OPERATING INCOME | -$6M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | -$337.0K |
| 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 | -$8M |
| D&A | $3M |
| EBIT | -$6M |
| EBITDA | -$3M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$614.0K |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $10M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $956.0K |
| NET CASH FROM FINANCING | $11M |
| FREE CASH FLOW | -$9M |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $0 |
| Net Receivables | $69M |
| Inventory | $58M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $145M |
| PP&E (Net) | $24M |
| Goodwill | $13M |
| Intangible Assets | $10M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $56M |
| TOTAL ASSETS | $202M |
| Account Payables | $34M |
| Short-Term Debt | $4M |
| Deferred Revenue | $87M |
| Other Current Liabilities | $39M |
| TOTAL CURRENT LIABILITIES | $177M |
| Long-Term Debt | $107M |
| Deferred Revenue NC | $40M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $12M |
| TOTAL NON-CURRENT LIABILITIES | $169M |
| TOTAL LIABILITIES | $345M |
| Common Stock | $605.0K |
| Additional Paid-In Capital | $625M |
| Retained Earnings | -$768M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$144M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$144M |
| TOTAL LIABILITIES & EQUITY | $202M |
| Total Debt | $123M |
| Net Debt | $118M |
