| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $32M | $35M | $24M | -8.5% | 31.1% |
| Op. Income | $3M | $9M | $1M | -63.3% | 138.2% |
| Gross Margin | 57.7% | 64.6% | 58.9% | -6.9pp | -1.2pp |
| Net Margin | 0.9% | 6.7% | 0.3% | -5.8pp | 0.6pp |
| EPS (Diluted) | $0.00 | $0.04 | $0.00 | -88.0% | 1333.3% |
| Free Cash Flow | -$16M | -$22M | -$11M | 26.3% | -46.7% |
| Item | Amount |
|---|---|
| REVENUE | $32M |
| Cost of Revenue | $13M |
| GROSS PROFIT | $18M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | $6M |
| Operating Expenses | $15M |
| Cost & Expenses | $29M |
| OPERATING INCOME | $3M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $226.9K |
| Income Tax Expense | $62.3K |
| Net Income from Continuing Ops | $164.6K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $277.3K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $277.3K |
| D&A | $6M |
| EBIT | $5M |
| EBITDA | $11M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $32M |
| Cost of Revenue | $13M |
| GROSS PROFIT | $18M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | $6M |
| Operating Expenses | $15M |
| Cost & Expenses | $29M |
| OPERATING INCOME | $3M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $226.9K |
| Income Tax Expense | $62.3K |
| Net Income from Continuing Ops | $164.6K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $277.3K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $277.3K |
| D&A | $6M |
| EBIT | $5M |
| EBITDA | $11M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $164.6K |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $914.4K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | -$861.3K |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$15M |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | $14M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$706.1K |
| NET CASH FROM FINANCING | $13M |
| FREE CASH FLOW | -$16M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $12M |
| Short-Term Investments | $0 |
| Net Receivables | $32M |
| Inventory | $5M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $61M |
| PP&E (Net) | $8M |
| Goodwill | $0 |
| Intangible Assets | $628M |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $68M |
| TOTAL NON-CURRENT ASSETS | $706M |
| TOTAL ASSETS | $767M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1M |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $52M |
| Long-Term Debt | $326M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $31M |
| Other Non-Current Liabilities | $694.8K |
| TOTAL NON-CURRENT LIABILITIES | $364M |
| TOTAL LIABILITIES | $416M |
| Common Stock | $6.5K |
| Additional Paid-In Capital | $339M |
| Retained Earnings | $15M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $350M |
| Minority Interest | $1M |
| TOTAL EQUITY | $352M |
| TOTAL LIABILITIES & EQUITY | $767M |
| Total Debt | $333M |
| Net Debt | $320M |
