| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $51M | $50M | $40M | 2.6% | 27.9% |
| Op. Income | -$15M | -$21M | -$23M | 29.2% | 36.3% |
| Gross Margin | 72.5% | 72.5% | 73.4% | -0.0pp | -0.9pp |
| Net Margin | -29.2% | -42.0% | -59.3% | 12.8pp | 30.1pp |
| EPS (Diluted) | $-0.20 | $-0.28 | $-0.32 | 28.6% | 37.5% |
| Free Cash Flow | -$15M | -$29M | -$12M | 50.4% | -26.7% |
| Item | Amount |
|---|---|
| REVENUE | $51M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $37M |
| R&D Expenses | $15M |
| Selling & Marketing | $31M |
| General & Administrative | $11M |
| SG&A Expenses | $42M |
| Other Expenses | -$5M |
| Operating Expenses | $52M |
| Cost & Expenses | $66M |
| OPERATING INCOME | -$15M |
| Interest Income | $0 |
| Interest Expense | $375.0K |
| Other Income/Expenses | -$85.0K |
| INCOME BEFORE TAX | -$15M |
| Income Tax Expense | $319.0K |
| Net Income from Continuing Ops | -$15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$15M |
| D&A | $2M |
| EBIT | -$19M |
| EBITDA | -$17M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$15M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$810.0K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$12M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $83.0K |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $979.0K |
| NET CASH FROM FINANCING | $979.0K |
| FREE CASH FLOW | -$15M |
| Net Change in Cash | -$13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $78M |
| Short-Term Investments | $0 |
| Net Receivables | $39M |
| Inventory | $0 |
| Other Current Assets | $22M |
| TOTAL CURRENT ASSETS | $142M |
| PP&E (Net) | $73M |
| Goodwill | $13M |
| Intangible Assets | $10M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $104M |
| TOTAL ASSETS | $246M |
| Account Payables | $7M |
| Short-Term Debt | $25M |
| Deferred Revenue | $93M |
| Other Current Liabilities | $346.0K |
| TOTAL CURRENT LIABILITIES | $181M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $974.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $43M |
| TOTAL LIABILITIES | $224M |
| Common Stock | $210.0K |
| Additional Paid-In Capital | $346M |
| Retained Earnings | -$324M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$367.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $22M |
| Minority Interest | $0 |
| TOTAL EQUITY | $22M |
| TOTAL LIABILITIES & EQUITY | $246M |
| Total Debt | $74M |
| Net Debt | -$4M |
