| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $65M | $41M | $37M | 60.5% | 74.2% |
| Op. Income | -$15M | -$22M | -$28M | 31.3% | 46.0% |
| Gross Margin | 14.0% | 9.7% | -12.7% | 4.3pp | 26.7pp |
| Net Margin | -20.3% | -52.7% | -62.6% | 32.4pp | 42.3pp |
| EPS (Diluted) | $-0.07 | $-0.11 | $-0.12 | 39.5% | 44.5% |
| Free Cash Flow | -$10M | $700.0K | -$29M | -1573.9% | 64.4% |
| Item | Amount |
|---|---|
| REVENUE | $65M |
| Cost of Revenue | $56M |
| GROSS PROFIT | $9M |
| R&D Expenses | $7M |
| Selling & Marketing | $5M |
| General & Administrative | $12M |
| SG&A Expenses | $17M |
| Other Expenses | $0 |
| Operating Expenses | $24M |
| Cost & Expenses | $80M |
| OPERATING INCOME | -$15M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$13M |
| Income Tax Expense | -$7.0K |
| Net Income from Continuing Ops | -$13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$13M |
| D&A | $1M |
| EBIT | -$15M |
| EBITDA | -$14M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$307.0K |
| OPERATING CASH FLOW | -$10M |
| Capital Expenditure | -$27.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$661.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | -$13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $204M |
| Short-Term Investments | $0 |
| Net Receivables | $59M |
| Inventory | $67M |
| Other Current Assets | $20M |
| TOTAL CURRENT ASSETS | $357M |
| PP&E (Net) | $2M |
| Goodwill | $117M |
| Intangible Assets | $30M |
| Long-Term Investments | $247.0K |
| Tax Assets | -$247.0K |
| Other Non-Current Assets | $30M |
| TOTAL NON-CURRENT ASSETS | $179M |
| TOTAL ASSETS | $536M |
| Account Payables | $12M |
| Short-Term Debt | $0 |
| Deferred Revenue | $88M |
| Other Current Liabilities | $18M |
| TOTAL CURRENT LIABILITIES | $123M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $55M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $58M |
| TOTAL LIABILITIES | $182M |
| Common Stock | $20.0K |
| Additional Paid-In Capital | $619M |
| Retained Earnings | -$264M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$72.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $355M |
| Minority Interest | $0 |
| TOTAL EQUITY | $355M |
| TOTAL LIABILITIES & EQUITY | $536M |
| Total Debt | $0 |
| Net Debt | -$204M |
