| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $158M | $27M | $28M | 480.1% | 459.5% |
| Op. Income | $18M | -$55M | -$45M | 132.6% | 139.8% |
| Gross Margin | 60.0% | -143.0% | -107.5% | 203.0pp | 167.5pp |
| Net Margin | 13.4% | -190.9% | -155.8% | 204.2pp | 169.2pp |
| EPS (Diluted) | $0.12 | $-0.32 | $-0.30 | 137.5% | 140.0% |
| Free Cash Flow | -$77M | -$65M | -$62M | -18.6% | -23.8% |
| Item | Amount |
|---|---|
| REVENUE | $158M |
| Cost of Revenue | $63M |
| GROSS PROFIT | $95M |
| R&D Expenses | $63M |
| Selling & Marketing | $0 |
| General & Administrative | $18M |
| SG&A Expenses | $18M |
| Other Expenses | -$5M |
| Operating Expenses | $77M |
| Cost & Expenses | $140M |
| OPERATING INCOME | $18M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $21M |
| Income Tax Expense | $194.0K |
| Net Income from Continuing Ops | $21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $21M |
| D&A | $3M |
| EBIT | $77M |
| EBITDA | $80M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $158M |
| Cost of Revenue | $63M |
| GROSS PROFIT | $95M |
| R&D Expenses | $63M |
| Selling & Marketing | $0 |
| General & Administrative | $18M |
| SG&A Expenses | $18M |
| Other Expenses | -$5M |
| Operating Expenses | $77M |
| Cost & Expenses | $140M |
| OPERATING INCOME | $18M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $21M |
| Income Tax Expense | $194.0K |
| Net Income from Continuing Ops | $21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $21M |
| D&A | $3M |
| EBIT | $77M |
| EBITDA | $80M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $21M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $58M |
| Change in Working Capital | -$159M |
| OPERATING CASH FLOW | -$66M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | -$46M |
| Purchases of Investments | -$36M |
| Sales/Maturities of Investments | $82M |
| Other Investing Activities | $46M |
| NET CASH FROM INVESTING | $36M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $8M |
| FREE CASH FLOW | -$77M |
| Net Change in Cash | -$22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $78M |
| Short-Term Investments | $127M |
| Net Receivables | $8M |
| Inventory | $0 |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $227M |
| PP&E (Net) | $109M |
| Goodwill | $0 |
| Intangible Assets | $52M |
| Long-Term Investments | $36M |
| Tax Assets | $6M |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $213M |
| TOTAL ASSETS | $441M |
| Account Payables | $20M |
| Short-Term Debt | $0 |
| Deferred Revenue | $10M |
| Other Current Liabilities | $15M |
| TOTAL CURRENT LIABILITIES | $58M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $47M |
| TOTAL LIABILITIES | $105M |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $336M |
| Minority Interest | $0 |
| TOTAL EQUITY | $336M |
| TOTAL LIABILITIES & EQUITY | $441M |
| Total Debt | $38M |
| Net Debt | -$41M |
