| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $48M | — | $39M | — | 24.4% |
| Op. Income | -$7M | — | -$7M | — | -4.1% |
| Gross Margin | 9.4% | — | 7.0% | — | 2.4pp |
| Net Margin | -20.3% | — | -17.6% | — | -2.7pp |
| EPS (Diluted) | $-0.32 | — | $-0.26 | — | -23.1% |
| Free Cash Flow | -$5M | — | -$9M | — | 40.6% |
| Item | Amount |
|---|---|
| REVENUE | $48M |
| Cost of Revenue | $43M |
| GROSS PROFIT | $4M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $11M |
| SG&A Expenses | $12M |
| Other Expenses | $37.0K |
| Operating Expenses | $12M |
| Cost & Expenses | $55M |
| OPERATING INCOME | -$7M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | $384.0K |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | $1M |
| EBIT | -$7M |
| EBITDA | -$6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $617.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $163.0K |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$354.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$354.0K |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $25M |
| Inventory | $33M |
| Other Current Assets | $20M |
| TOTAL CURRENT ASSETS | $82M |
| PP&E (Net) | $55M |
| Goodwill | $5M |
| Intangible Assets | $2M |
| Long-Term Investments | $70M |
| Tax Assets | $884.0K |
| Other Non-Current Assets | $16M |
| TOTAL NON-CURRENT ASSETS | $149M |
| TOTAL ASSETS | $230M |
| Account Payables | $37M |
| Short-Term Debt | $52M |
| Deferred Revenue | $8M |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $197M |
| Long-Term Debt | $7M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $23M |
| TOTAL LIABILITIES | $220M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $720M |
| Retained Earnings | -$680M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$35M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5M |
| Minority Interest | $6M |
| TOTAL EQUITY | $11M |
| TOTAL LIABILITIES & EQUITY | $230M |
| Total Debt | $73M |
| Net Debt | $71M |
