| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | — | $1M | — | 16.5% |
| Op. Income | -$15M | — | -$12M | — | -27.3% |
| Gross Margin | 27.8% | — | 8.5% | — | 19.2pp |
| Net Margin | -1455.8% | — | -1069.6% | — | -386.3pp |
| EPS (Diluted) | $-4.25 | — | $-2.70 | — | -57.4% |
| Free Cash Flow | -$23M | — | -$17M | — | -30.8% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $929.0K |
| GROSS PROFIT | $357.0K |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $15M |
| Cost & Expenses | $16M |
| OPERATING INCOME | -$15M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$14M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | -$5M |
| Other Adjustments | $0 |
| NET INCOME | -$19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$19M |
| D&A | $929.0K |
| EBIT | -$14M |
| EBITDA | -$13M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$19M |
| Depreciation & Amortization | $929.0K |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$661.0K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$16M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$18M |
| Sales/Maturities of Investments | $15M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | -$35.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$35.0K |
| FREE CASH FLOW | -$23M |
| Net Change in Cash | -$26M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $32M |
| Short-Term Investments | $45M |
| Net Receivables | $791.0K |
| Inventory | $0 |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $81M |
| PP&E (Net) | $77M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $4M |
| Tax Assets | $0 |
| Other Non-Current Assets | $471.0K |
| TOTAL NON-CURRENT ASSETS | $81M |
| TOTAL ASSETS | $161M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $407.0K |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $13M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $280.0K |
| TOTAL NON-CURRENT LIABILITIES | $36M |
| TOTAL LIABILITIES | $49M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $304M |
| Retained Earnings | -$192M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $112M |
| Minority Interest | $0 |
| TOTAL EQUITY | $112M |
| TOTAL LIABILITIES & EQUITY | $161M |
| Total Debt | $38M |
| Net Debt | $6M |
