| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | $6M | $2M | -25.7% | 66.7% |
| Op. Income | -$20M | -$19M | -$15M | -4.5% | -30.0% |
| Gross Margin | 10.0% | 11.1% | 21.2% | -1.1pp | -11.2pp |
| Net Margin | 32.0% | 207.5% | 3495.3% | -175.5pp | -3463.3pp |
| EPS (Diluted) | $0.05 | $-0.07 | $-0.60 | 170.6% | 108.0% |
| Free Cash Flow | -$20M | -$17M | -$20M | -14.1% | 1.9% |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $414.0K |
| R&D Expenses | $12M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $20M |
| Cost & Expenses | $24M |
| OPERATING INCOME | -$20M |
| Interest Income | $1M |
| Interest Expense | $5M |
| Other Income/Expenses | $21M |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $0 |
| NET INCOME | $1M |
| D&A | $236.0K |
| EBIT | $6M |
| EBITDA | $6M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $1M |
| Depreciation & Amortization | $236.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$22M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$20M |
| Capital Expenditure | -$57.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$10M |
| Sales/Maturities of Investments | $40M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $30M |
| Net Debt Issuance | -$16M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$807.0K |
| FREE CASH FLOW | -$20M |
| Net Change in Cash | $9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $45M |
| Short-Term Investments | $83M |
| Net Receivables | $4M |
| Inventory | $8M |
| Other Current Assets | $14.0K |
| TOTAL CURRENT ASSETS | $146M |
| PP&E (Net) | $1M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $8M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $12M |
| TOTAL ASSETS | $159M |
| Account Payables | $646.0K |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $14M |
| Long-Term Debt | $37M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $40M |
| TOTAL NON-CURRENT LIABILITIES | $80M |
| TOTAL LIABILITIES | $94M |
| Common Stock | $480.0K |
| Additional Paid-In Capital | $872M |
| Retained Earnings | -$808M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$220.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $64M |
| Minority Interest | $0 |
| TOTAL EQUITY | $64M |
| TOTAL LIABILITIES & EQUITY | $159M |
| Total Debt | $41M |
| Net Debt | -$4M |
