| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | $2M | $4M | 73.3% | 8.1% |
| Op. Income | -$855.0K | -$3M | -$904.0K | 72.1% | 5.4% |
| Gross Margin | 41.3% | 4.2% | 39.4% | 37.1pp | 1.9pp |
| Net Margin | -22.3% | -128.1% | -29.8% | 105.8pp | 7.5pp |
| EPS (Diluted) | $-2.86 | $-10.63 | $-5.25 | 73.1% | 45.5% |
| Free Cash Flow | -$2M | -$1M | -$1M | -6.8% | -22.3% |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $2M |
| R&D Expenses | $206.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $5M |
| OPERATING INCOME | -$855.0K |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$67.0K |
| INCOME BEFORE TAX | -$922.0K |
| Income Tax Expense | -$35.0K |
| Net Income from Continuing Ops | -$887.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$887.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$887.0K |
| D&A | $31.0K |
| EBIT | -$855.0K |
| EBITDA | -$824.0K |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$887.0K |
| Depreciation & Amortization | $31.0K |
| Stock-Based Compensation | $214.0K |
| Deferred Income Tax | -$40.0K |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$851.0K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$23.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$23.0K |
| Net Debt Issuance | -$350.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$37.0K |
| NET CASH FROM FINANCING | -$387.0K |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $3M |
| Other Current Assets | $215.0K |
| TOTAL CURRENT ASSETS | $15M |
| PP&E (Net) | $787.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $859.0K |
| Other Non-Current Assets | $695.0K |
| TOTAL NON-CURRENT ASSETS | $2M |
| TOTAL ASSETS | $17M |
| Account Payables | $2M |
| Short-Term Debt | $459.0K |
| Deferred Revenue | $153.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $5M |
| Long-Term Debt | $15.0K |
| Deferred Revenue NC | $152.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $9M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $198M |
| Retained Earnings | -$185M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8M |
| Minority Interest | $0 |
| TOTAL EQUITY | $8M |
| TOTAL LIABILITIES & EQUITY | $17M |
| Total Debt | $952.0K |
| Net Debt | -$5M |
