| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $53M | $51M | $44M | 2.7% | 19.1% |
| Op. Income | -$13M | -$15M | -$26M | 10.4% | 50.0% |
| Gross Margin | 77.1% | 72.5% | 70.4% | 4.6pp | 6.7pp |
| Net Margin | -22.4% | -29.2% | -57.8% | 6.8pp | 35.4pp |
| EPS (Diluted) | $-0.15 | $-0.20 | $-0.34 | 25.0% | 55.9% |
| Free Cash Flow | -$1M | -$15M | -$4M | 91.5% | 70.8% |
| Item | Amount |
|---|---|
| REVENUE | $53M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $41M |
| R&D Expenses | $14M |
| Selling & Marketing | $29M |
| General & Administrative | $11M |
| SG&A Expenses | $39M |
| Other Expenses | $0 |
| Operating Expenses | $54M |
| Cost & Expenses | $66M |
| OPERATING INCOME | -$13M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$12M |
| Income Tax Expense | $109.0K |
| Net Income from Continuing Ops | -$12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$12M |
| D&A | $3M |
| EBIT | -$13M |
| EBITDA | -$11M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$12M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $182.0K |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $326.0K |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$477.0K |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$971.0K |
| NET CASH FROM FINANCING | -$971.0K |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $75M |
| Short-Term Investments | $0 |
| Net Receivables | $37M |
| Inventory | $0 |
| Other Current Assets | $24M |
| TOTAL CURRENT ASSETS | $137M |
| PP&E (Net) | $71M |
| Goodwill | $13M |
| Intangible Assets | $8M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $100M |
| TOTAL ASSETS | $237M |
| Account Payables | $6M |
| Short-Term Debt | $25M |
| Deferred Revenue | $101M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $181M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $479.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $40M |
| TOTAL LIABILITIES | $221M |
| Common Stock | $212.0K |
| Additional Paid-In Capital | $352M |
| Retained Earnings | -$336M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$644.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $16M |
| Minority Interest | $0 |
| TOTAL EQUITY | $16M |
| TOTAL LIABILITIES & EQUITY | $237M |
| Total Debt | $71M |
| Net Debt | -$4M |
