| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | $6M | $3M | -31.4% | 18.2% |
| Op. Income | -$2M | -$3M | -$2M | 34.4% | -1.1% |
| Gross Margin | 66.6% | 68.3% | 72.2% | -1.8pp | -5.6pp |
| Net Margin | -346.5% | -148.3% | -159.7% | -198.2pp | -186.8pp |
| EPS (Diluted) | $-8.53 | $-3.85 | $-3.64 | -121.6% | -134.3% |
| Free Cash Flow | -$389.0K | -$4M | -$3M | 90.3% | 87.6% |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $3M |
| R&D Expenses | $131.0K |
| Selling & Marketing | $1M |
| General & Administrative | $3M |
| SG&A Expenses | $4M |
| Other Expenses | $189.0K |
| Operating Expenses | $4M |
| Cost & Expenses | $6M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | -$13M |
| Income Tax Expense | $0 |
| 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 | $259.0K |
| EBIT | -$9M |
| EBITDA | -$9M |
| EPS | -$9 |
| EPS Diluted | -$9 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $259.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $10M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$371.0K |
| Capital Expenditure | -$18.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$18.0K |
| Net Debt Issuance | -$654.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$654.0K |
| FREE CASH FLOW | -$389.0K |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $106.0K |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $1M |
| Other Current Assets | $371.0K |
| TOTAL CURRENT ASSETS | $5M |
| PP&E (Net) | $758.0K |
| Goodwill | $7M |
| Intangible Assets | $5M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $13M |
| TOTAL ASSETS | $17M |
| Account Payables | $5M |
| Short-Term Debt | $40M |
| Deferred Revenue | $62.0K |
| Other Current Liabilities | $15M |
| TOTAL CURRENT LIABILITIES | $71M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $225.0K |
| Deferred Tax Liabilities | $28.0K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $637.0K |
| TOTAL LIABILITIES | $71M |
| Common Stock | $556.0K |
| Additional Paid-In Capital | $153M |
| Retained Earnings | -$207M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$71.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$54M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$54M |
| TOTAL LIABILITIES & EQUITY | $17M |
| Total Debt | $40M |
| Net Debt | $40M |
