| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13M | $18M | $22M | -27.1% | -42.0% |
| Op. Income | -$10M | -$7M | -$21M | -40.0% | 51.9% |
| Gross Margin | 32.8% | 46.2% | 12.4% | -13.3pp | 20.4pp |
| Net Margin | -29.1% | -203.4% | -110.4% | 174.3pp | 81.3pp |
| EPS (Diluted) | $-20.00 | $-282.00 | $-244.00 | 92.9% | 91.8% |
| Free Cash Flow | -$2M | -$6M | -$15M | 60.0% | 83.7% |
| Item | Amount |
|---|---|
| REVENUE | $13M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $4M |
| R&D Expenses | $1M |
| Selling & Marketing | -$20M |
| General & Administrative | $33M |
| SG&A Expenses | $13M |
| Other Expenses | $0 |
| Operating Expenses | $14M |
| Cost & Expenses | $23M |
| OPERATING INCOME | -$10M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $2M |
| EBIT | -$2M |
| EBITDA | -$294.0K |
| EPS | -$20 |
| EPS Diluted | -$20 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$1.3K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | -$9M |
| Other Investing Activities | $1.3K |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | -$384.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $20M |
| Short-Term Investments | $15.0K |
| Net Receivables | $38M |
| Inventory | $11M |
| Other Current Assets | $16M |
| TOTAL CURRENT ASSETS | $86M |
| PP&E (Net) | $7M |
| Goodwill | $0 |
| Intangible Assets | $66M |
| Long-Term Investments | $150.0K |
| Tax Assets | -$150.0K |
| Other Non-Current Assets | $150.0K |
| TOTAL NON-CURRENT ASSETS | $73M |
| TOTAL ASSETS | $159M |
| Account Payables | $4M |
| Short-Term Debt | $115M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $50M |
| TOTAL CURRENT LIABILITIES | $197M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $10M |
| TOTAL LIABILITIES | $207M |
| Common Stock | $3M |
| Additional Paid-In Capital | $383M |
| Retained Earnings | -$434M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$48M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$48M |
| TOTAL LIABILITIES & EQUITY | $159M |
| Total Debt | $123M |
| Net Debt | $103M |
