| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $248.2K | $129.9K | $173.8K | 91.0% | 42.8% |
| Op. Income | -$488.8K | -$820.1K | -$575.7K | 40.4% | 15.1% |
| Gross Margin | 100.0% | 66.2% | -245.6% | 33.8pp | 345.6pp |
| Net Margin | -186.4% | -627.7% | -361.5% | 441.3pp | 175.1pp |
| EPS (Diluted) | $-0.01 | $-0.02 | $-0.02 | 43.3% | 35.3% |
| Free Cash Flow | -$597.8K | -$567.2K | -$498.6K | -5.4% | -19.9% |
| Item | Amount |
|---|---|
| REVENUE | $248.2K |
| Cost of Revenue | $0 |
| GROSS PROFIT | $248.2K |
| R&D Expenses | $149.2K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $587.8K |
| Operating Expenses | $737.0K |
| Cost & Expenses | $737.0K |
| OPERATING INCOME | -$488.8K |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $26.2K |
| INCOME BEFORE TAX | -$462.6K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$462.6K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$462.6K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$462.6K |
| D&A | $43.8K |
| EBIT | -$488.8K |
| EBITDA | -$445.1K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$462.6K |
| Depreciation & Amortization | $43.8K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$27.9K |
| Change in Working Capital | -$150.4K |
| OPERATING CASH FLOW | -$597.1K |
| Capital Expenditure | -$702 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $484.5K |
| NET CASH FROM FINANCING | $484.5K |
| FREE CASH FLOW | -$597.8K |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $3M |
| Net Receivables | $683.9K |
| Inventory | $0 |
| Other Current Assets | $93.2K |
| TOTAL CURRENT ASSETS | $5M |
| PP&E (Net) | $345.8K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $56.1K |
| TOTAL NON-CURRENT ASSETS | $401.9K |
| TOTAL ASSETS | $5M |
| Account Payables | $25.4K |
| Short-Term Debt | $0 |
| Deferred Revenue | $11.9K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $283.8K |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $216.9K |
| TOTAL LIABILITIES | $500.7K |
| Common Stock | $3.4K |
| Additional Paid-In Capital | $128M |
| Retained Earnings | -$123M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5M |
| Minority Interest | $0 |
| TOTAL EQUITY | $5M |
| TOTAL LIABILITIES & EQUITY | $5M |
| Total Debt | $416.6K |
| Net Debt | -$735.8K |
