| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $6M | — | -63.7% | — |
| Op. Income | -$22M | -$27M | — | 17.6% | — |
| Gross Margin | 76.8% | 86.6% | — | -9.8pp | — |
| Net Margin | -1061.1% | -377.4% | — | -683.6pp | — |
| EPS (Diluted) | $-0.19 | $-0.19 | — | 0.0% | — |
| Free Cash Flow | -$20M | -$18M | — | -15.3% | — |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $510.0K |
| GROSS PROFIT | $2M |
| R&D Expenses | $14M |
| Selling & Marketing | $518.0K |
| General & Administrative | $8M |
| SG&A Expenses | $9M |
| Other Expenses | $991.0K |
| Operating Expenses | $24M |
| Cost & Expenses | $24M |
| OPERATING INCOME | -$22M |
| Interest Income | $1M |
| Interest Expense | $1M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$23M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$23M |
| D&A | $2M |
| EBIT | -$22M |
| EBITDA | -$20M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$23M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $754.0K |
| OPERATING CASH FLOW | -$16M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$39M |
| Sales/Maturities of Investments | $28M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $644.0K |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | -$20M |
| Net Change in Cash | -$32M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $26M |
| Short-Term Investments | $96M |
| Net Receivables | $5M |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $130M |
| PP&E (Net) | $52M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $130.0K |
| TOTAL NON-CURRENT ASSETS | $52M |
| TOTAL ASSETS | $182M |
| Account Payables | $2M |
| Short-Term Debt | $10M |
| Deferred Revenue | $559.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $23M |
| Long-Term Debt | $18M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $29M |
| TOTAL LIABILITIES | $52M |
| Common Stock | $12.0K |
| Additional Paid-In Capital | $431M |
| Retained Earnings | -$302M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $129M |
| Minority Interest | $0 |
| TOTAL EQUITY | $129M |
| TOTAL LIABILITIES & EQUITY | $182M |
| Total Debt | $37M |
| Net Debt | $11M |
