| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $78M | $66M | $37M | 19.2% | 109.3% |
| Op. Income | -$90M | -$71M | -$62M | -27.0% | -46.6% |
| Gross Margin | 65.3% | 63.1% | 51.1% | 2.3pp | 14.2pp |
| Net Margin | -114.8% | -109.3% | -167.5% | -5.5pp | 52.7pp |
| EPS (Diluted) | $-0.33 | $-0.27 | $-0.25 | -22.2% | -32.0% |
| Free Cash Flow | -$55M | -$7M | -$33M | -645.9% | -68.4% |
| Item | Amount |
|---|---|
| REVENUE | $78M |
| Cost of Revenue | $27M |
| GROSS PROFIT | $51M |
| R&D Expenses | $46M |
| Selling & Marketing | $61M |
| General & Administrative | $35M |
| SG&A Expenses | $96M |
| Other Expenses | -$291.0K |
| Operating Expenses | $141M |
| Cost & Expenses | $169M |
| OPERATING INCOME | -$90M |
| Interest Income | $1M |
| Interest Expense | $5.0K |
| Other Income/Expenses | $791.0K |
| INCOME BEFORE TAX | -$90M |
| Income Tax Expense | $329.0K |
| Net Income from Continuing Ops | -$90M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$90M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$90M |
| D&A | $2M |
| EBIT | -$90M |
| EBITDA | -$88M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$90M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $32M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $9M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$49M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$853M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$859M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$55M |
| Net Change in Cash | -$903M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $766M |
| Short-Term Investments | $851M |
| Net Receivables | $87M |
| Inventory | $26M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $55M |
| Goodwill | $108M |
| Intangible Assets | $15M |
| Long-Term Investments | $3M |
| Tax Assets | -$3M |
| Other Non-Current Assets | $55M |
| TOTAL NON-CURRENT ASSETS | $233M |
| TOTAL ASSETS | $2.0B |
| Account Payables | $14M |
| Short-Term Debt | $0 |
| Deferred Revenue | $196M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $277M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $79M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $114M |
| TOTAL LIABILITIES | $391M |
| Common Stock | $27.0K |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | -$712M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$783.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $30M |
| Net Debt | -$736M |
