| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $42M | $31M | $16M | 32.4% | 161.7% |
| Op. Income | -$2M | -$7M | -$9M | 69.2% | 77.7% |
| Gross Margin | 69.2% | 66.0% | 76.2% | 3.2pp | -7.0pp |
| Net Margin | -6.3% | -21.4% | -66.5% | 15.1pp | 60.2pp |
| EPS (Diluted) | $-0.08 | $-0.21 | $-0.38 | 61.1% | 78.5% |
| Free Cash Flow | -$10M | -$7M | -$20M | -41.0% | 52.9% |
| Item | Amount |
|---|---|
| REVENUE | $42M |
| Cost of Revenue | $13M |
| GROSS PROFIT | $29M |
| R&D Expenses | $6M |
| Selling & Marketing | $0 |
| General & Administrative | $25M |
| SG&A Expenses | $25M |
| Other Expenses | $0 |
| Operating Expenses | $31M |
| Cost & Expenses | $44M |
| OPERATING INCOME | -$2M |
| Interest Income | $555.0K |
| Interest Expense | $1M |
| Other Income/Expenses | -$536.0K |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $11.0K |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $1M |
| EBIT | -$2M |
| EBITDA | -$247.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$11M |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$927.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$927.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $195M |
| Short-Term Investments | $0 |
| Net Receivables | $39M |
| Inventory | $24M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $262M |
| PP&E (Net) | $24M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $750.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $508.0K |
| TOTAL NON-CURRENT ASSETS | $25M |
| TOTAL ASSETS | $287M |
| Account Payables | $4M |
| Short-Term Debt | $1M |
| Deferred Revenue | $244.0K |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $29M |
| Long-Term Debt | $59M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $66M |
| TOTAL LIABILITIES | $94M |
| Common Stock | $674M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$481M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$218.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $193M |
| Minority Interest | $0 |
| TOTAL EQUITY | $193M |
| TOTAL LIABILITIES & EQUITY | $287M |
| Total Debt | $67M |
| Net Debt | -$128M |
